I heard we are giving 7 billion dollars to Pakistan. Where did we find this money? We are broke , we have millions of jobless people we can’t take of , we can’t take of problems right here in the U.S. How did we come up with this money , and why can’t come with the money for more important problems right here at home?
Dick Cheney had some spare after he sold Haliburtons
We borrow it.
We are broke. Are government is not. They tax the hell ot of us to make sure they have the money they want.
When Clinton left office he also left a $253 Billion surplus. His successor gave it away in tax cuts. If you didn’t notice your tax cut that’s because the noticeable chunks of $5000 each went to needy souls such as Paris Hilton, Donald Trump, Kenneth Lay, etc. When you hear of congress debating the repeal of “The Bush Tax Cuts” this is what they are talking about, not the $25 you got.
The government, in lieu of surpluses, sells bonds to raise money for expenses such as the Pakistani Aid. These bonds are debt that will be paid back by your children, grandchildren, great grandchildren,…well you get the idea.
BTW When you vote for a politician because he promises to lower taxes, ask whose taxes are going to be lowered. Goldman Sachs tax rate is now 1%.
http://www.bloomberg.com/apps/news?pid=20601110&sid=a6bQVsZS2_18