Thursday, March 21, 2013

perfectly rational non sight

as uncle
we borrow from ourselves and from those "others " out there in ROW

letus forget the others
    as they would forget us


but then what of US ?


overlapping cohorts of US  are legion

some of US  will hold uncle debt  and receive payments

and
 some  of US will hold uncle debt  receive payments  and pay taxes

while
the rest of US will simply pay taxes


and in the end ?


the yet unborn of US
will participate too
in the tax and transfer scheme

our future US  taxed
to service our collective debt pile
but
for the benefit of some others of  future  US
and yes  for some of the others out there in ROW
 
debt incurred today ?

sounds dumb eh ?