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Title: Fungible Post by: Howey on April 09, 2011, 12:12:42 pm Huh. Now that's a word I never heard until today! (http://swampland.blogs.time.com/2011/04/08/money-is-fungible/)
Quote Obviously. Except when it's a grant to a religious organization, in which case it's obviously tightly segregated in order to prevent the appearance of government-funded religion and therefore the furthest thing from fungible. If only Planned Parenthood would hire some church treasurers to replicate that nifty accounting system for them, this whole silly argument could be solved. This comment explains more... Quote When Money is Fungible: * Funding to Planned Parenthood also goes to pay for abortions. * Government subsidies for health insurance goes to pay for abortions, if the policy covers abortions...even if you don't get one. * Anything else involving abortion. When Money is Not Fungible * Funding to religious groups for secular purposes is not fungible with funds used for religious purposes. * Federal Reserve loans to commercial banks to make loans to third-parties is not fungible with funds that the bank uses for proprietary gambling trading. * According to the GOP, funds solicited by the U.S. Chamber of Commerce from foreign-owned corporations are not fungible with funds used for political attack ads...except that, under U.S. tax law, they must be. *Foreign subsidiaries of U.S. companies, like Haliburton, can do business in countries that the U.S. has sanctions against, like Iran, because the subsidiaries assets are not fungible with the assets of their parent corporations...or something. *Any time a rich guy can make a buck, not involving abortion. Title: Re: Fungible Post by: ekg on April 09, 2011, 09:26:38 pm that's a great piece.. and it's right. it's only fungible when it's other people's money/programs.. ;) |