Wednesday, July 7, 2010

U.S. Government Spending NOT Responsible For U.S. Government Debt.


Now, before the government can spend, it must borrow.
It's the borrowing that creates the debt and unpayable interest.

The U.S. Government does NOT have to borrow!

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.