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| artring, kids and money, prosecutors, milf hunter jenna , wisconsin, fil am, askthe therapist, kob, seekers , youngfeminist, seth rogen, gang related behavior, volunteer, job, milf hunter taylor , childcare, amateur allure , made in japan, roman, promise, auckland news, 15 year-oldgirl stabs sex-hungry boyfriend to death, | As for investments in anti-terror and miliary expenditures, others have detailed the ways in which much christchurch of this money too has been diverted to other (pork) ends. So the WSJ definitely has a point in noting that the war against terror is certainly the sort of thing christchurch in which most people christchurch would agree it is appropriate to fund through deficit spending (just like wars are usually funded through deficits) and that this is probably a wise investment in theory, it also seems clear that in practice some of this money has been inappropriately diverted to nonproductive ends. |
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| The federal government does not issue bonds in the same way that a municipal government does, but under this logic, they would be instrumentally similar. There are, however, two qualifications to this. First, it must be that the investments are profitable investments, i.e., kids and money as mentioned in the email, where the rate of return exceeds the interest rate paid kids and money (which is actually the opportunity cost, as we will get to in a second). Unlike kids and money private businesses, however, there is no real accounting for the economic return on these projects, so it is pure speculation whether the return exceeds the interest rate. Given the amount of pork in infrastructure budgets (see the recent budget-busting highway bill) and the tendency to allocate these funds to political ends, rather than their highest-valued economic purpose, there is some doubt as to whether they recover their cost. |
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