64 times of raising the debt ceiling aught to be enough to know - TopicsExpress



          

64 times of raising the debt ceiling aught to be enough to know that there is no way that any budget can balance when virtually all spending over tax revenues that do not go to pay interest on prior debt is done with additional borrowed into existence currency. And the government borrows from banks that create the money which the once sovereign federal government actually has the power to create itself! So why is the discussion about raising the debt ceiling as opposed to who gets to create money and restoration of national sovereignty?
Posted on: Tue, 15 Oct 2013 19:26:52 +0000

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