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In reply to the discussion: Here's a soft lie that must be debunked before it gets off the ground! [View all]TrollBuster9090
(5,954 posts)the big bad old FEDERAL government doesn't have to be repaid in full, or repaid as fast because....well I don't know...
Pick your favorite reason:
1. The federal gubmint is evil while State Governments are good
2. The federal government can print money, so why don't they just do THAT and get off our backs.
3. If you believed that SHELL GAME about how Capital Gains Tax is lower than income tax 'because the money has already been taxed ONCE at the corporate tax level' you're stupid enough to believe EVERYTHING, so would you believe that people living in those states that borrowed the money are the same people who sent it to Washington in the first place, so when they borrowed it back they shouldn't have to repay it cuz' it's their own money to begin with...or sumpin' like that.
4. Because a lot of State governments that borrowed the money have Balanced Budget Amendments in their constitutions, and the Feds don't, so let the feds get screwed because they can better afford to absorb the loss than the States, who would have to raise taxes to pay back the debt...and we don't like raising taxes
Blah blah blah....
No amount of cognitive dissonance is beyond these people. Cognitive dissonance is the only thing that's in limitless supply in America. If we could run CARS on the stuff, there would be another cheap energy economic boom.