NYcarbineer
Diamond Member
Bonds are borrowing. They are paid back when they mature. If they are paid back with new borrowed money, they remain effectively unpaid loans.
A war tax would be better, placed neatly on top of that Balanced Budget Amendment.
When people are paying an extra X percentage for everything they purchase to finance a war, perhaps they'll be less likely to play Armchair Rambo and actually think things through first. You know, reason.
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A tax would take money from you and give you nothing in return. A bond gives you interest in return. That way the people who actually pay reap the reward.
The $1000 you loan the government in a bond is spent and then paid back out of your taxes.
The money to pay back the bonds has to come from tax revenues.