15 votes

Economic IQ test: If the national debt doesn't matter, then why are we still paying federal income taxes?

Economic IQ test: If the national debt doesn't matter, then why are we still paying federal income taxes?

Friday, November 23, 2012
by Mike Adams, the Health Ranger
Editor of NaturalNews.com

(NaturalNews) The U.S. federal government is over $16.2 trillion in debt. But that doesn't really matter, we're told, because the Federal Reserve -- a private banking monopoly -- can create an unlimited quantity of dollars to keep buying up the U.S. debt. This is called "QE unlimited," meaning unlimited quantitative easing (money creation).

On top of that, U.S. Treasury Secretary Timothy Geithner recently suggested we simply eliminate the debt ceiling altogether and launch America into INFINITE debt.

This program of fiscal suicide is already under way. The Federal Reserve announced a few weeks ago that it would begin buying up to $80 billion a month in U.S. debt, continuing indefinitely.

Learn more: http://www.naturalnews.com/038069_national_debt_income_tax_s...



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Well

an army of cueballs will show up and most people don't have the force to blow them away.

Technically the government could pay all of tis debt with

created money - but money would lose all credibility, if we knew that we were competeing against the government for scarce resources (the definition of an economic transaction) which WE had to trade our sweat for, while the government just printed.

We need to feel that we have some skin in the game.

we are lead to believe we

we are lead to believe we have to pay into the welfare state otherwise we are not compassionate because everyone must rely on the state.

Bump

+ 1.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

The National Debt is very much important to those individuals...

/families whom have been for many, many decades and continue today to be on the receiving end of the interest payments of this astronomical exorbitant and thus virtually unpayable debt. And when the Graves Commission was created during the Reagan Administration in the year 1984, it was determined after their research was concluded that if (and that's one BIG IF) government does not engage in significant with a BIG S cost and/or spending cuts this year (1984) and then consistently every year without exception as many years into the future as it takes until this debt is paid in full. The United States Debt is currently 16.4 TRILLION DOLLARS with a concomitant daily interest payment of a mere in excess of $3 BILLION
per day. The Rothschild Family, Dynasty, whatever you choose to call them, have had one big A## smile on their faces for the last 300 plus years. And the big A## smiles on the Rockefellers faces each and every morning has only been more like 140 years (however, in another 150 years they (Rockefellers) too will be able to gloat about reaching the big 300 year milestone comparable to their financial Mentors--- Rothschild also known as Red Shield. The National Debt has now accrued to a figure of 16.4 Trillion Dollars. The amount owed by our Government is approximately One Trillion and 186 Billion Dollars annually. We as a virtuous people must come together and support our Government during this historic time and mainly of course our soldiers. And as far as paying off the National Debt, the Federal Government and the Quasi-Governmental Agency (Not truly in fact an agency of the U.S.A. Government), They created this ridiculous financial situation, so let them solve a way out of the financial crisis of which it took them 100 years to spend and loads and loads of financial gifts to gradually and thus ultimately find us in this current unthinkable morass. May God Help those amongst us who are righteously deserving. And remember the importance of giving and helping those amongst us whom need our help and especially those amongst us whom need food and drink especially around the Holiday Seasons. Please Join in where you live if at all possible. Thankyou. Respectfully, SableArms

If it's unconstitutional, I don't have to do it.

.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Easy, because good Americans blindly pay taxes with pride

And it helps the poor zillionaires.

good

point

To ask the question is to answer it-

because our masters tell us to, or there will be dire consequences.

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

To enslave the

tax-paying masses...mind games.

Otherwise there is no need...print, print, and print some more!

The law cannot make a wicked person virtuous…God’s grace alone can accomplish such a thing.
Ron Paul - The Revolution

Setting a good example is a far better way to spread ideals than through force of arms. Ron Paul