Remember: Money is Fungible

Money is fungible. What does that mean?

Funds placed into one pocket, removed and then placed in another pocket of your pants, is the same money. The payment you make is eventually the same, no matter what pocket it comes from.

In the same way, money can be substituted from one pocket of government or payer to the other, to hide the source of funding.

It adds up to the same total outlay.

Its practical use: What the government in Washington called stimulus funds, for the most part, became slush funds. for use by its politically-preferred state governments. These states used the money, to a great extent, to help balance its budgets.

The reason state budgets are so out of hand can be attributed primarily to their public, unionized pension obligations. These have wreaked havoc. It is estimated this is a major, ticking financial time bomb, waiting for more government bailouts under various guises.

Taxpayers who cannot recognize how money is fungible, will be taken as suckers again. And again and again.