It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Even if the Government was to use every single dollar in circulation to pay back the debt it wouldn't be enough. That is the result of the FED's debt-based currency. People are just too stupid to realize it.
Originally posted by diddlydo
The amount of debt the US government has Is impossible to pay back. Even if they taxed every citizen at 100% there wouldnt be enough money to pay back what we owe. It isa very unique and interesting situation. Eventually the interest payments that need to be made will be the entire federal budget, and there is no way to stop it.
Originally posted by Pelvi
Personally I don't believe this debt exists, reason why is because if NWO is coming into play wouldn't they want you to have the illusion of this debt existing? The debt is nothing more than numbers on a computer screen. Hell there probably isn't even enough of this paper form for this debt to exist. If you borrow 1 million and only 500k exists, then it's impossible to pay it back because there is only 500k to begin with.
I kinda think all of this is finely engineered. I assure you these people aren't stupid, so don't think they asleep at the wheel. They know damn well what's happening
Now the money I owe to the bank does exist because it's actually in existence. But more money than what's in existence isn't debt. Its ownership.edit on 28-2-2012 by Pelvi because: (no reason given)
Originally posted by ImpartialObserver
They could easily solve this problem by completely elininating the IRS, then it wouldn't matter how big the debt was because no one would have to pay for it.
Think about it. Eliminating the Fed is the wrong direction. The Fed is a producer.
What we need to do is eliminate all tax collection, then no one would care how productive the Federal Reserve wasedit on 28-2-2012 by ImpartialObserver because: (no reason given)