WHO'S RESPONSIBLE FOR THE NATIONAL DEBT?

Please share this article around the net. Stop the money-junkies' plot to drive the American taxpayer deeper into debt to a private central bank! mike rivero

 

WHO'S RESPONSIBLE FOR THE NATIONAL DEBT?

Michael Rivero

Let us imagine for a moment that you go to a restaurant, and you place an order for a hamburger. The proprietor of the restaurant tells you the cost is $10 for the hamburger, and you pay $10 for the hamburger. You get your food. No problems. Well worth the money you paid for it. No complaints.

Then when you are done eating, the owner of the restaurant shows up at your table, apologizes profusely, explains that he underestimated the real cost of providing you with the hamburger he agreed to serve you and hands you a bill for an additional sum he had to borrow in order to provide the meal plus interest since the start of your meal. Do you pay it? Of course not. You, the customer, entered into a verbal contract with the proprietor of the restaurant to provide you with your meal at the price agreed to by all parties prior to the transaction.

If the proprietor of the restaurant has miscalculated the cost of meeting his agreed-to obligation to the customer, is the customer obligated to cover the shortfall? No. The proprietor of the restaurant is responsible for the error, and if he cannot meet his agreed-to obligations for the agreed-upon price, he should declare bankruptcy, go out of business, and make way for a new restaurant with better fiscal sense.

Simple common sense.

Let us imagine for a moment that you live in a nation, and you request some benefits. The government tells you the cost is $1000 for the benefits, and you pay $1000 in taxes for the benefits. You get your benefits. No problems. Well worth the money you paid for them. No complaints.

Then when you have your benefits, the government shows up at your door, apologizes profusely, explains that it underestimated the real cost of providing you with the benefits it agreed to provide and hands you a bill for an additional sum it had to borrow in order to provide the services, plus interest since the start of your use of the benefits. Do you pay it? Of course not. You, the citizen, entered into a verbal contract with the government to provide you with your benefits at the taxes agreed to by all parties prior to the transaction.

If the government has miscalculated the cost of meeting the agreed-to obligation to the citizen, is the citizen obligated to cover the shortfall? No. The government is responsible for the error, and if it cannot meet it's agreed-to obligations for the agreed-upon price, it should declare bankruptcy, go out of business, and make way for a new government with better fiscal sense.

Simple common sense.

The claim is constantly made that "we" (meaning the citizens) have already spent the almost 30 trillion dollars that the Federal Government owes and that therefore "we" (meaning the citizens) must repay it.* This is nonsense. No taxpayer alive now ever voted or otherwise agreed to allow the government to borrow money on their behalf and agreed to underwrite the resultant ruinous interest obligation. No citizen spent that money. The government spent it, to keep promises it had no business making in the first place.

The Federal Reserve Act (Otherwise known as the currency act) was voted into law December 23, 1913. The people who voted in that law are all dead.

No taxpayer alive today had anything to say about repaying any money the government borrowed to keep it's promises. We did not have any choice in the matter. We did not choose to accept this obligation. It has been forced on us. It was manufactured for us by a government that spends the peoples' money not on the people,. but on wars of conquest, gifts to Israel, and endless bailouts for Wall Street and European bankers.

Certainly the young people who are becoming voters and taxpayers this year have had no say at all about the almost 30 trillion dollar debt that our government hands to them and says, "This thou shalt pay". To so encumber our children without their permission is at best indentured servitude; at the worst outright slavery. It is time for the slaves to rebel.

We The People didn't borrow that 30 trillion dollars. We The People, those of us alive today, paying taxes today, have never had the opportunity to decide whether or not we are obligated to cover the bad debts of a government that gets elected by selling $10 dollar hamburgers, only to tell us after election day that they really cost $15 and we are now obligated for that additional $5.

Every man, woman, retired senior citizen and even the tiniest newborn baby are being told that they owe a hundred thousand dollars extra for services that were bought and paid for by an agreed-to tax rate.

Are those tiny newborn babies really obligated for $100,000 because of a law passed 84 years before they were born?

Are those tiny newborn babies really obligated for $100,000 because our government makes promises it cannot keep?

Or is it time for the Federal Government to declare bankruptcy and make way for something better?

Views: 39

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by youhavetoforgiveme on July 15, 2011 at 2:21pm

I think that I should qualify that statement. There ARE good cops out there (as hard as it is to remember when I'm speeding) and I really do believe that they are underpaid for putting their lives on the line.

 

My point was that politicians write whatever bullshit that they like which becomes law. Those same politicians write the budget and the treasurer dispenses the payroll.

 

In each case, if the policeman doesn't do his job-- or DOES do his job by arresting one of those same politicians-- at best the politicians call the mayor, the mayor calls the chief of police, and the policeman and his family are in the unemployment line. The exceptions are few.

 

Honorable, hard-working Americans-- but by definition-- the "hired thugs" of the established regime.

Comment by youhavetoforgiveme on July 15, 2011 at 2:13pm

And here is the real crux of the problem:

 

The restaurant owner can't hide behind hired thugs (policemen) to enforce his will.

 

THAT is the issue here.

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

james will posted a blog post

YouTube Downloader Tools You Never Knew Existed

A YouTube downloader is an online tool or software that helps convert YouTube videos into…See More
3 hours ago
tjdavis posted a video

Experimenter - Official Trailer

Like on Facebook: https://www.facebook.com/experimenterfilmYale University, 1961. Stanley Milgram (Peter Sarsgaard) designs a psychology experiment that stil...
9 hours ago
Doc Vega posted a blog post

How Did the Soviets First Discover the SR-71 Blackbird?

Although President Lydon Johnson announced the development of the Lockheed SR-71 in 1964 which…See More
yesterday
Doc Vega commented on Burbia's blog post Disgraced Former CNN Anchor Don Lemon Arrested
"Personally, I don't consider Don Lemon or people like him to be journalists at all. They are…"
yesterday
tjdavis posted photos
Sunday
tjdavis favorited Doc Vega's blog post The Forbidden Canyon and It’s Residents
Sunday
tjdavis posted a video

The Farmer vs the Billionaire — Jeremy Clarkson Says NO to Bill Gates’ £100 Million Deal | UK News

OFFICIAL NOTICE: This channel is NOT Jeremy Clarkson, is not affiliated with him, and does not represent his official views or Diddly Squat Farm. This is an ...
Sunday
Doc Vega posted a blog post

The Forbidden Canyon and It’s Residents

 Chapter OneSituated 10 miles from Mount Jefferson in the Oregon wilderness a forest researcher…See More
Saturday
Less Prone commented on Doc Vega's photo
Thumbnail

G_LrzqtXMAAhT7w

"He would never do that. Mosques and Synagogues are out of the question, only Christianity is free…"
Saturday
Less Prone favorited Doc Vega's photo
Saturday
Less Prone favorited Burbia's blog post Disgraced Former CNN Anchor Don Lemon Arrested
Saturday
Burbia posted a blog post

Disgraced Former CNN Anchor Don Lemon Arrested

No longer an employed journalist, Don Lemon had been seen with far left agitator, Nekima Levy…See More
Friday
Burbia's blog post was featured

The Illusion of Fuck You Money

The United States use to have this idea that once you make enough money, you.can do as you want.…See More
Friday
tjdavis's blog post was featured
Friday
Doc Vega's 4 blog posts were featured
Friday
tjdavis posted a video

The Human Antenna - OFFICIAL FILM

THE HUMAN ANTENNA - Can We Reverse The Trans Humanist Agenda?MORE INFORMATION: → www.humanantennafilm.com ← MASTERPEACE: https://mphcs.com/PrimeEarthHuman En...
Thursday
Doc Vega posted a blog post
Wednesday
cheeki kea commented on Burbia's blog post A Masterclass Is Being Played Out For Those Who Have The Eyes To See
"PS Not sure this video will last much longer."
Wednesday
cheeki kea commented on Burbia's blog post A Masterclass Is Being Played Out For Those Who Have The Eyes To See
"  Deflection ~ Away from Themselves ! example. -->…"
Wednesday
tjdavis favorited Burbia's blog post The Illusion of Fuck You Money
Jan 24

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted