The rich make their money by owning the companies that the govt assigns contracts to, and they also get to enjoy lower tax rates. The debt then becomes an excuse to punish poor people with benefit cuts. It's not because they own the bonds
The reason Republicans run up the debt isn't because they are "fiscally irresponsible", it's because they want to transfer more public wealth to the rich. Who do you think is buying these government bonds? Minimum wage workers? It's wealthy capitalists, obviously.
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Not mutually exclusive. Budget deficit caused by low taxes is covered by debt. That's is another way to get securities and profit by buying government notes or bonds and not only corporate stocks and bonds. Anyhow they always win
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modern conservatism doesn't reject the mixed economy it exploits it for the rich the purpose of gov intervention is to facilitate wealth transfer from the lower or middle class to the rich the rich then reward gov with donations for their increasingly expensive campaigns
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That's is no more dangerous or successful lie than that the US government can't care for its people because it would run out of money
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If we centralize power even more, though, it will get better.
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Banks, mostly. They use it as their safe reserve capital. We SHOULD be issuing bonds for the same reason we should be printing paper money. The issue is what they’re doing with the revenue from bond sales: shoving it to their plutocratic friends and campaign donors
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Not only is most of our Taxes going to Corporate Contractors they’re double dipping by making us pay their bonds back when we have a budget shortfall. We’re burrowing from the same mofos stealing our taxes
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