“The general population doesn’t know what’s happening, and it doesn’t even know that it doesn’t know.” ~ Noam Chomsky
1.) It is nearly impossible to pay off the national debt:
“Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt.” ~ William Cobbett
This is because money is created out of debt in a one-to-one increase in public debt. The national debt is $20 Trillion. That means the (roughly) 234 million US Americans would have to pay approximately $62,000 each to pay it off.
This includes babies, children, poor people, and homeless people. There are even those who claim that it’s mathematically impossible to pay off the debt. And almost every country is in debt to every other country. It’s the height of insanity.
As former Governor of the Federal Reserve Marriner Eccles said, “If there were no debtsThis post was originally published on this site