Does the debt matter? Only to the extent we pay interest on Federal Reserve Notes, currently running around 6% of GDP which is rent we pay to the central banks. Let's review, the Fed buys UST in FRN's, and we pay interest on it?
Repeal the Fed, repudiate the debt, stop paying interest on our own money, then we can begin addressing the over $200T in unfunded federal obligations.
Where we don't want to end up is where the US Congress will lead us, a two tier system of retirement and health care. One for them, and one for the rest of us.
Analyst: Skyrocketing Debt Cannot Be Supported By Money Printing Forever:
'via Blog this'
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