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The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
The validity of the public debt of the United States shall not be questioned.
val·id (vld)
adj.
1. Well grounded; just: a valid objection.
2. Producing the desired results; efficacious: valid methods.
3. Having legal force; effective or binding: a valid title.
4. Logic
a. Containing premises from which the conclusion may logically be derived: a valid argument.
b. Correctly inferred or deduced from a premise: a valid conclusion.
5. Archaic Of sound health; robust.
There is a difference between public debt, and government induced debt.
It's just debt that is being Passed On to the public...
Originally posted by LewsTherinThelamon
reply to post by YouAreLiedTo
But, whatever it is, why are we not allowed to question it's validity?edit on 1-2-2013 by LewsTherinThelamon because: (no reason given)
Originally posted by jtma508
reply to post by YouAreLiedTo
Sad but naive. Any debt the gov't takes on IS the public debt. They take on the debt on our behalf. The fact that we had no direct say in the matter is moot because we 'elected' them to 'repesent us'. What a scam, huh? We are living in the age of privatized profits and socialized debts.
The government funded many big projects throughout the years, the waterlines and sewers, the electric lines and the roads and bridges also.
Originally posted by LewsTherinThelamon
Here is the thing that really gets me.
The Federal Reserve is supposed to be an extension of the federal government.
If that is true, and as a member of the body politic of the Federal government--how is it possible that the Federal government can be in debt to itself when it borrows money from itself?
You cannot "borrow" from what is already yours. You cannot be in debt to yourself.
Which is why I believe that the Federal Reserve is a private bank, and that the Federal Reserve Note is the property of said private bank.
And, to top it off, we are not allowed to question the validity of the debt.
Works out well if you're running the world's most intricate ponzi scheme.