Could you explain why debt? Why not use a reserve account like an insurance company?
Some sort of reserve funding is even better than using debt. My point was that using debt to fund discrete unexpected expense is when congress should be authorizing the issuance of debt. They should not use debt to pay for ongoing expenses and routine operations.
posted on 09/14/2011 7:33:38 PM PDT
(In matters of style, swim with the current; in matters of principle, stand like a rock. Jefferson)
That clarifies things. What you say makes perfect sense.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson