SOMETHING ABOUT THIS JUST ISN’T RIGHT…

You are right on. It's like getting loans for college and have the loan company pay you in the future for the debt you've racked up. It just doesn't happen, though of course, it'd be nice! Nevertheless I'm wondering why this hasn't been brought up in public? I definitely don't want to pay for something I knew would not work, as do everybody else who posts here. I don't trust Obama and his administration at all.

Good post.

But as criminal as it is - it all stems from the perspective of our Congresshogs - that money is the GOVERNMENT'S money (their money to spend), it was never REALLY ours. At least, our reps and senators never viewed it as OURS. We never really had any legal right to it - after all, we just earned it.

So, in summary, you've correctly identified the fallacy. The government "borrows" money from us (the taxpayers - the only money source the govt. has), signs an IOU with the taxpayer's names on it, and we have to pay it back (not to ourselves, but to the treasury - the government). What a convoluted way to steal.

You have crystalized the purpose behind the Tea Parties, I believe. Astute question/observation, to say the least. I really want to hear TurboTax Timmie's reply. I am especially curious about what new hand gestures he may have to come up with to drive his lies home.

If it's ok with you, we should all be co-opting this line of thinking in our debate, and calling some of our favorite pundits and getting them to advance this line of thought as well.

Well struck...

You wrote...

"If it's ok with you, we should all be co-opting this line of thinking in our debate, and calling some of our favorite pundits and getting them to advance this line of thought as well."

That is the reason I post these things: someone might find them useful.

Copy and paste it everywhere, anywhere you please.

Eric, Garnet92,
Those turds in Congress are real loose and free with OUR money. Ask them to buy lunch, or their own postage, good luck.

I'm gonna see if Warner Todd will post this on publius' forum.

Thanks guys.
Glenn

The only difference being that the government didn't really borrow the money, they sold the bonds to the Federal Reserve, which then used them to create new money. So, yes, we will pay it back, but in the meantime they also stole a percentage of value form everyone who has savings and investments, or just cash in their pockets, by inflating the money supply and reducing the worth of the dollar.

Otherwise you are right, you just missed that not only are we paying back what was borrowed, but int he meantime they are also stealing from some of us very quietly to pay for it as well.

Then again, that is largely the purpose, as Keyenesian doctrine says rampant inflation and deficit spending is the best way to 'stimulate" the economy. it is nonsense, but you can see why government types love it. A "moral" justification for overspending.

deficit spending for a century, so the federal government's borrowing to fund its spending and then paying its debt obligations with new tax collections is nothing new.

The amount is staggering, but the formula is not. The differences between the borrowing and deficit spending by George W. Bush and a Republican congress 2001-2006 on the one hand and Barack Obama and a Democrat congress this past three months are (a) volume and (b)goal.

W, et al, planned to pay the debt by growing the economy, not by raising tax rates. President Obama and his people seek to shrink the economy, default if necessary on the debt, become the equal of the many debtor third-world countries of the world, and, thereby, have fairness.

The current President would have zero problem with taxing income at 100%. Then, his socialists and liberal fascists would distribute assets fairly.

You stated:

"The current President would have zero problem with taxing income at 100%. Then, his socialists and liberal fascists would distribute assets fairly."

You are right, Obama has made that exact claim, that he sees no problem in 100% taxation and government distribution of that wealth.

His methods may not be unique, but I believe his purpose, the destruction of America as we know her, is unprecedented.

Thanks for your time.
Glenn