298 Government Finance Concepts

<p style="margin-bottom: 0in;">We've really savaged some misleading concepts about Government finances, let's review:</p> <ol> <li> <p style="margin-bottom: 0in;">Government bonds obligate someone else to pay for your debts: good for you, not good for someone else.</p> </li> <li> <p style="margin-bottom: 0in;">The people who end up with government money must obviously be the ones to pay it back.</p> </li> <li> <p style="margin-bottom: 0in;">Government employees are a huge block that votes in their own self-interest.</p> </li> <li> <p style="margin-bottom: 0in;">Government pensions are government employees colluding with other government employees.</p> </li> <li> <p style="margin-bottom: 0in;">Growing out of debt is economic magical thinking.</p> </li> <li> <p style="margin-bottom: 0in;">Governments should be focused on economics, not accounting.</p> </li> <li> <p style="margin-bottom: 0in;">Cities need bankruptcy the same reason that people do.</p> </li> </ol> <p style="margin-bottom: 0in;">You may get your news somewhere else but take your advice from me, the Wysest Myn in the Wyrld.</p>