Tuesday, December 08, 2009

How Stupid Is Sen Ben Nelson ?

Sen Benb Nelson has introduced legislation to help fund the wars in Afghanistan and Iraq with War Bonds. This was in apparent reaction to the idea of some legislators to pay for the wars with a surtax. Either Nelson is as ignorant and stupid about finance as he is about health insurance or he's a political tool dedictated to nothing in the public interest. Does anybody not know that that whatever the label, bonds are debt? Calling the financing War Bonds makes it not an iota different from the Treasury Bonds China is already buying.

A tax is income, a bond is borrowing. I'm sure Sen Joe Lieberman also approves - he of the debt scare filibuster threats. These guys may have a lower opinion of the average intelligence of the American voter than I do - I wonder who is right. Yessiree, it's just fine to stack up crippling debt to kill people and break things but heaven forbid it sace people's lives.

I must be a masochist to keep giving a damn about this.

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