Monetary Myths and the Debt Ceiling

Right now the congress is supposedly “debating raising the debt ceiling”.  This video explains…

  • Why the debate isn’t a debate and nothing but political theater
  • Why they will and must raise the ceiling under the current system
  • Why we can never pay off the national debt with the current system
  • Why those calling to not raise the ceiling probably don’t know what they are asking for

Of course I am for elimination of the national debt but capping the debt in a system where money is debt just simply isn’t possible.

Comments are closed.

Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.