troubledwaters wrote:
John & Angela wrote:
I think the need for tax incentives will be gone in about three years. The incentives are/were worth it if helps to reduce fossil fuel usage. There is no down side to that.
The down side is we are $20T in the hole and it's getting bigger every day. Someone is going to have to pay that debt somewhere along the line. As a US taxpayer my portion is apparently now $166,750.00+; I don't have that kind of money sitting around. If it was fully funded it wouldn't have a downside, but it's not funded at all.
As far as I'm concerned, that's a huge downside. I don't like the picking winners and losers thing. It stands on its own or not.
This is something no one has been able to explain to me: why does "someone have to eventually pay the debt somewhere along the line"? I have loans/owe money on several commercial properties, I just roll them over every few years and refi the debt taking out a few hundred thousand cash each time, something I have done for decades and intend to do for several more. What's the big deal?
