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Bond, Treasury Bond [Jul. 23rd, 2009|06:35 pm]
Wizard of Changes -- ©cdozo 2004 to 2015
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[The river is |tiredtired]

Perhaps the IRS could give people the option of getting their refund back in the form of a Treasury security.



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[User Picture]From: viverra2
2009-07-27 01:18 pm (UTC)
That really makes a lot of sense.

Pros: (gov POV) converts cash obligation into long-term loan.
(indiv POV) provides a secure savings mechanism.

Cons: doesn't provide immediate economic stimulus effect.
defers debt obligation and increases the deficit (on paper).

I don't think any of the economists have the answer as to how these arguments sort out in the long run. I think as an optional program it's worth a try.
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