Further increases in federal debt relative to the nation’s output almost certainly lie ahead if current policies remain in place.
Tuesday, July 27, 2010
Monday, July 26, 2010
Thursday, July 22, 2010
Wednesday, July 21, 2010
Monday, July 19, 2010
It's Simple. It's 1+1+1=3
Thursday, July 15, 2010
Monday, July 12, 2010
Wednesday, July 7, 2010
Now, before the government can spend, it must borrow.
It's the borrowing that creates the debt and unpayable interest.
See: U.S. Constitution, Article 1, Section 8.
Congress has the ability to make its own money; why should it borrow any?
How It Is Now: First the borrowing ---> that creates the debt ---> then the spending.
Don't let them confuse you by saying that the "spending" creates the debt - it does not.
Borrowing creates the debt.
Don't get the cart before the horse.
How It Should Be: Eliminate the borrowning! ---> no debt ---> Congress creates the money to spend for what we need (complete value-added infrastructure rebuild) ---> production (the stuff we need) keeps pace with new money entering the system ---> no price inflation ---> prosperity for Americans.
It's as simple as getting rid of the parasitic, debt-based, Ponsi scheme, that they call our monetary system and replacing it with an honest, wealth-based money system that issues final payment, not debt (debt cannot be final payment!).
This is the bill that would change it in Minnesota: THE BILL
Your state could do the same.
Friday, July 2, 2010
- housing starts
- durable goods
- sub-prime mortgages
- stocks, bonds, money markets
- rate of return, etc.
- Gift it in
- Lend it in
- Earn it in