Decent right up except the age old and tireless repeat that we could seriously start paying off the debt. Just have to add for integrity, the debt is not payable. It is the amount of us dollars printed and in circulation and therefore loaned to the US citizens.. the deficit has nothing to do with being able to reduced the debt. Fuck the debt, dissolve the fed and reestablish regulation of monetary system back to congress. Sick of these fuckers repeating this pay off the national debt shit. It's a massive lie and distraction.
But a debt jubilee is the lender graciously allowing the debt to be forgiven. What we're looking for is the debt's criminality to be exposed and for the lenders to be exposed as parasites.
If the annual deficit was eliminated then any extra income would reduce the debt, when bonds coming due are not rolled over. Those retired bonds would not create currency, the currency paid out came from tax revenue. To reduce inflation, currency can be removed from the system by the fed selling bonds from its balance sheet and cancelling out the book entry. Paying of the debt is deflationary.
Yes indirectly these things tie together and effectively accomplish what you are describing. My only reason for commenting on this is was to confront the blanket statements used and repeated for generations now about paying off the debt.
In the past it seemed like there was this assumption that it was going to be impossible to make significant cuts in spending because of the large mandatory budget items. Doge has showed that those mandatory parts are highly fraudulent and wasteful and therefore provides hope that actually the debt can be cleared, and it might not even take that long.
I would also like to see the fed audited and wall Street brought to heel, ending the rampant fraud theft and double dealing there. But unfortunately a lot of the money that was stolen isn't going to be recovered. I don't think the idea of a jubilee will work, too much of productive society uses that same debt as a foundation. Anyone with savings, that savings is ultimately based on treasuries.
But it's ok.. the debt can be reversed by just cutting spending and prosecuting fraud, some claw backs, and encouraging growth and reinvestment
Decent right up except the age old and tireless repeat that we could seriously start paying off the debt. Just have to add for integrity, the debt is not payable. It is the amount of us dollars printed and in circulation and therefore loaned to the US citizens.. the deficit has nothing to do with being able to reduced the debt. Fuck the debt, dissolve the fed and reestablish regulation of monetary system back to congress. Sick of these fuckers repeating this pay off the national debt shit. It's a massive lie and distraction.
I heard the word jubilee today and it made me go hmmm.
But a debt jubilee is the lender graciously allowing the debt to be forgiven. What we're looking for is the debt's criminality to be exposed and for the lenders to be exposed as parasites.
Hmmm. More to think about. Kinda makes me think about informed consent.
Debt jubilee is a thing
Need end to IRS too
Not asking too much, considering everything
Right!
If the annual deficit was eliminated then any extra income would reduce the debt, when bonds coming due are not rolled over. Those retired bonds would not create currency, the currency paid out came from tax revenue. To reduce inflation, currency can be removed from the system by the fed selling bonds from its balance sheet and cancelling out the book entry. Paying of the debt is deflationary.
Yes indirectly these things tie together and effectively accomplish what you are describing. My only reason for commenting on this is was to confront the blanket statements used and repeated for generations now about paying off the debt.
In the past it seemed like there was this assumption that it was going to be impossible to make significant cuts in spending because of the large mandatory budget items. Doge has showed that those mandatory parts are highly fraudulent and wasteful and therefore provides hope that actually the debt can be cleared, and it might not even take that long.
I would also like to see the fed audited and wall Street brought to heel, ending the rampant fraud theft and double dealing there. But unfortunately a lot of the money that was stolen isn't going to be recovered. I don't think the idea of a jubilee will work, too much of productive society uses that same debt as a foundation. Anyone with savings, that savings is ultimately based on treasuries.
But it's ok.. the debt can be reversed by just cutting spending and prosecuting fraud, some claw backs, and encouraging growth and reinvestment