Rantymoo will be glad to hear this. :>)

Who grew the deficit?

Who cares?

'Who is going to end the deficits' is the question that matters.

My guess is nobody.

On Election Day, vote for the ONE politician who is truly on your side--Nobody.

Vote Nobody 2012.

Don't tell Hank that his head will explode!


Fishy

Dan is guessing? How 'bout this for some clarity?

"Give me control of a nation's money and I care not who makes the laws." – Mayer Amschel Rothschild


If the Fed loans the money to the Treasury at interest, did the Fed also loan the interest amount for when those payments come due?

A simple example for discussion purposes-- if the interest rate for that loan is 10%, what will happen to the domestic economy after 10% of the currency in circulation is removed when the interest is paid?

What will happen to the federal deficit if the Treasury borrows more to cover the interest payments over time?

Given the above, What is guaranteed to happen to the economy should the federal government balance its budget?

Can the federal government cover the debt service (interest alone) and maintain the standard of living we've come to expect?

Take a gander at the top of a $1 bill. What is a *Note* and what does the Federal Reserve have to do with it?

What will happen when the principal amount of the federal deficit also comes due? Who are the creditors and what is the collateral securing that debt?


“Printing money is also one form of issuing public debt.” – Professor Albrecht Ritschl, London School of Economics

"My agency, in promoting the passage of the National Bank Act, was the greatest financial mistake of my life. It has built up a monopoly which affects every interest in the country. It should be repealed; but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never seen before in this country." -- Salmon P. Chase, U.S. Secretary of the Treasury under Lincoln

"We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent." – James Paul Warburg appearing before the Senate on 7th February 1950



Ranting about political sock puppets, whose snout is furthest into the entitlement trough, cutting federal spending, FP's retirement plan without consideration of the foretold/imminent *Change,* and pretty much everything else didn't come close to answering Dave's question 17 pages ago. Try again?

This is where I'm guessing he/and we are headed. A walk-away, finger in the air default. Something to be proud of for sure. Then we'll see who will "invest" in us.

Just how long we can sell this non-existant economic recovery ruse is anybody's guess.

Banks go to the Federal Reserve and borrow money at 0% interest. The banks then buy federal bonds with that money and get 4% interest. It seems to me that would be an unsustainable.

As Dan S said ie the system is broke. Now the real question is does
anyone have the nads and a workable idea to fix it all.
btw the "middle' class has always paid the lion's share of the taxes.
Has been the fall guy for decades and no change in sight. Need more
taxpayers, not more taxes.

This thread precipitated from Dave’s initial question as to the federal deficit. To understand the question, and arrive at the slightest semblance of a conclusion, one could consider the theological, philosophical, historical, legal/commercial facets inherent therein. Perhaps there are reasons that,

Christ spoke in parables
Debts have resultant wages
What resides between Rumi’s words resonates deep within the reader
Both Sun Tzu and the Mossad spoke of deception
Sages, Socrates, black-robed judges
And the Cheshire Cat all asked questions

Could it be that in the hattery of Wonderland, all the facts are on the moon, everything is mirror-image backwards, and the majority’s mental constructs were pre-fabricated from their inception? What occurs when one starts to bend the collective projections, presumptions and assumptions, including those pertaining to money/debt, back upon themselves?

Inception

On that note, I’ll take my leave to prep some good grub for the Big Game, and to tie up some more leaders so’s I can possibly make it back up from this rabbit hole to the pleasantness of the fishing forum....