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Washington Post (September 6)

2016/ 09/ 07 by jd in Global News

“Federal debt incurred to fund current consumption…is in effect a tax on future generations….But debt incurred to finance infrastructure modernization and repair is different. It creates… a long-term asset (the highway, railroad, energy transmission grid or airport such spending buys). It’s perfectly fair to spread the financing costs of those assets across the generations of taxpayers who will enjoy their use.”

 

Washington Post (October 15)

2013/ 10/ 16 by jd in Global News

“A reopening, for now, of government, a postponement for a few months of a possible default on federal debts, a promise to negotiate again over fiscal disagreements — in a rational, functional world, these meager accomplishments would not be cause for celebration. In today’s Washington, they would count as achievements.”“A reopening, for now, of government, a postponement for a few months of a possible default on federal debts, a promise to negotiate again over fiscal disagreements — in a rational, functional world, these meager accomplishments would not be cause for celebration. In today’s Washington, they would count as achievements.”

 

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