[Homestead] Morning thought

Clansgian at wmconnect.com Clansgian at wmconnect.com
Wed Feb 2 14:16:28 EST 2005


In a message dated 2/2/2005 12:13:57 PM Eastern Standard Time, 
lurine at softcom.net writes:


> 
> Site references.  You keep talking about this law but I don't find it.  I
> find references within the law to trust funds.
> 

Don't have time to go over civics class 101 with you, Lynda.  It is one of 
the principles upon which government funding is based, it cannot hold money 
obtained by taxation.



> Now, as to your statement that tax money has to be spent, that is not true.
> All federal moneys can be rolled over unless that particular funding acct.
> has rules otherwise.  

Not true.  If funding a appropriated for a certain project, it can be 
disbursed over a number of years, but that year's portion must be reflected in that 
year's budget.  The government is empowered to borrow money (and that is a 
mistake) but it can in no wise carry a material surplus.  It cannot hold cash and 
it cannot invest in the private sector as if it were a corporation or 
individual.  The so called "surpluses" when they occur are applied to the government's 
debt, which is not the same thing as what an individual would call a surplus.

James




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