As I See It: Consume more, pay more

TAXES, the elephant in the room. Governments, not just ours, are spending lavishly, slavishly (?) to offset the effects of COVID-19 and Putin. They are going to have to borrow vast sums to keep their promises. Someday they are also going to have to pay off those loans. During World War II the Government sold savings bonds to the citizens so government could pay off the war cost over time. This situation snuck up on us. After the big war people cashed in those bonds and boosted the economy by spending for all those things they did without during the war. It is not clear who we are borrowing from now, or how that is going to go back into the economy.