Can DC Fix the Economy?

Who do we owe the money to? The Fed, who invented the money out of nothing...

We owe paper to an unconstitutional, illegal entity.

 

I am surprised you do not know. We owe other countries, pensions funds, the SS who we have robbed, debts held by individual American investors, and more. To dismiss the feds is to reject paying those debts as it would then be impossible to pay them. The feds would not pay them if dismissed.

it is like having a personal loan and no matter how much one pays on it the interest always increases the amount of the debt.

 

It will take the entire population of any country to reduce its debt. Everyone must suffer the load, or no one can win.

Cheers,

Jim

 

With only 40% of filers paying taxes now, how's that gonna work?

 

No, I don't think the government can correct our economy. If there is a great private business boom, then it might, by taking from the boom.

First problem, I was taught and still believe that when you get much over 25% of the population working for the government, the rest of the population can't sustain it. It isn't just what they are paid now and their health plans but retirement and health plans still going in many cases.

I believe we have around 50% of the people working for the government, of Fed., state or local, give or take a point or two. Most government and union plans work well when business is going up, but not with them coming down.

So no I don't believe government can solve our problem, but many in DC are willing to go to socialism or worse. Keep in mind what FDR was trying to do. Roosevelt’s New Deal united communists and fascists. Even union leader Sidney Hillman praised Lenin as “one of the few great men that the human race has produced, one of the greatest statesmen of our age and perhaps of all ages.” So as you can see, very little is new.