Tagged with Public debt

Foreign Investors

Posted by Void on 12/03/2008

A friend recently consulted me about a rumor he heard. He wanted to know whether the Muslims are investing money in the US in order to take over. This is my reply: The simple answer is “No, and if they did it was an amazingly stupid investment.” But I don’t do simple. :-) I’ll start […]

Paying Down Our Debt

Posted by Void on 11/17/2008

The total national debt as of this morning, Nov. 17th, 2008 is $10,617,806,584,635.27. The population of the US as of 22:40 GMT (EST+5) Nov 17, 2008 is 305,679,024. THEREFORE each and every US citizen owes $34,735.15. Cough it up, people. Make your check payable to the Bureau of the Public Debt, and in the memo […]

Jefferson on the Public Debt

Posted by Void on 08/27/2008

But the art and mystery of banks is a wonderful improvement on that. It is established on the principle that “private debts are a public blessing”; that the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or want property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a given proportion (generally estimated at one-third).

The American Dream

Posted by Void on 08/07/2005

The American Dream requires that you spend spend spend the future and hope that future earnings pay the debt.

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