« Leading Indicators | Main | A Dopey Move out of International Stocks »

Maybe this is why the Republican Budget Deficits are so high

via Eschaton

FAIRBANKS, Alaska (AP) - The federal government could sell bonds to cover the cost of disaster recoveries under legislation introduced by U.S. Rep. Don Young, R-Alaska.
. . .
"Buying bonds that are specifically designated for these types of disasters can help bring together Americans and create a sense of patriotism."
. . .
"We must find a way to meet the inevitable needs that will arise after future disasters," he said. "We cannot continue deficit spending."

Note to the Gentleman from Alaska: selling bonds = borrowing money.