Posted by Charles on Tuesday, September 6, 2011 at 10:56pm.
Sounds like a good idea. However, if the government borrowed more money, many people would object to the increase in federal debt.
The WPA was paid for by posting US Bonds with the phrase "Reinvest in America" Couldn't the money now spent on unemployment and job retraining be so much better spent on a new version of the WPA than simply paying unemployed people a check every week for nothing in return?
The point I was trying to make is that government bonds are actually loans that the government must repay. The bond holder is assured that she will receive interest as well as the face value of the bond when it's redeemed. The government that issued the bond is responsible for repaying this loan.
Related Questions
history - All of the following statements are true about the Works Progress ...
american history - 10.)Among the legislative acts passed during Franklin ...
History - what made the Works Progress Administration so important?
statistics math - The unemployment rate is 5.8% (Bureau of Labor Statistics, ...
English 1 - Communism was the form of government used on the farm. Using ...
Social - How does capital help human productivity in relation to farm labor, ...
Government - When it was developed during the jackson administration,the ...
1 Credit for HS - How to earn one credit for high school? Last year when the ...
ECONOMICS - What are three benefits for the economy of government's building...
history - what responsibility, (if any), does the government have toward the ...
For Further Reading
