Quite a few folks are upset that the federal goverment is partially shut down. Even more are upset over the possibility Congress may not raise the debt ceiling by the deadline so we can increase the debt to a level that is even more outrageous than what we have now.
All this posturing and maneuvering by Congress is all a part of the blame game politicians play. Why do people buy into all this? It is all a bunch of nonsense based on ignorance. Mind you, I’m not saying it isn’t serious nonsense. They are all very serious about it.
The ignorance I am referring to is the belief that we have to be in debt. Somebody (it was the bankers) convinced our Congress hundreds of years ago to let bankers create money for the United States, and the federal government could borrow it from them and pay interest on it forever.
How about if we get more upset that we should never have had to be in debt and should never have had to pay one penny in income tax, than we seem to be that Congress might not increase the debt ceiling? And we don’t have to shut down the government to do it. Congress can take banks out of the money creation business and put the U.S. Treasury in business creating our money as a credit that is not owed to anyone. They could do it tomorrow if they weren’t so ignorant of monetary policy and its causes and effects on our country.
We should all be livid!