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This is a fundamentally misguided idea. Government creates the money. "Debts" for government are fundamentally different than household debts. Yes, taxes do not provision government; they make the money valuable. No "taxpayer money" pays for any government program. Where would taxpayers (or lenders-to-government) get the dollars to pay taxes (or lend) if government didn't spend them out into the economy first? Bad idea.
Jan. 16, 2015, 11:16 a.m.