Tuesday, December 01, 2009

Hey, Why Don't We Sell Some Bonds

Because, like, those bonds would soooo be different from these other bonds we sell to finance that debt you're so worried about.

In lieu of a "war tax" to pay for a troop increase in Afghanistan, Democratic Sen. Ben Nelson (NE) is proposing war bonds.

"We didn't have a war tax in the second World War," Nelson said, and instead the government sold Americans bonds."People invested in their country, in that fashion made a lot of sense back then. I don't know why it might not make sense today, certainly in lieu of jumping to tax."

The idiots who rule us.

...I actually have no idea if there was a "war tax," but in 1944 income above $200,000 was taxed at a 94% rate. That's about $2.5 million in today's dollars.