Saturday, September 5, 2009

Tax Refunds as savings bonds?

I have about 50 updates I want to make (work has been busy!) but I just saw this and thought it should be posted:

Obama proposes steps to facilitate saving

I support parts of the measure - like letting people put the money from time they're on vacation into their 401-k - but giving people tax refunds in the form of savings bonds will only prolong the government spending binge. It WILL mitigate inflation, in the short term, which would be good, but makes the inevitable government spending crash worse by delaying it.

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