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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, | In this scenario (which is essentially similar to milf hunter sara what is called "Ricardian Equivalence") deficits would be milf hunter sara perfectly neutral. (2) We could spend our greater current income on current consumption, in which case this is a simple intergenerational wealth transfer, allowing us to consume today beyond our true wealth and trying to get someone else to pay for it. Or, (3) We could invest it ourselves in some milf hunter sara sort of individual investment and capital development. This is the most interesting arguemtn. It could be that if there are imperfections in certain capital markets for some reason, it might make sense for the government to borrow on our behalf and give us the money. |
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| The second qualfication, of course, is that the money is actually being invested, not merely spent on consumption. To the extent that the deficit is caused by things like transfer payments (such as social security), etc., then it is difficult to see why this should be funded by deficits rather than taxes. The second circumstance is what households do with the money. A "deficit" is nothing more than a deferred tax increase--either we prosecutors pay today, or we pay in the future plus interest. So a deficit simply means that we have more money today, and prosecutors less money whenever "we" have to repay the loan. There are three things that we can do with this "windfall." (1) We could simply save it in anticipation of higher taxes later--for instance, if we bought Treasury Bills then we would in theory perfectly break even vis a vis our future tax liability, or we could save the money and bequest it to our children to pay off our portion of the taxes. |
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