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Are We Supposed To Be Impressed?
By Devvy
Headlines right now on the Drudge Report:
Twenty billion "dollars".
Cheers and shouting can be heard across the land! The Washington establishment elites believe we are all idiots, so they feed us this kind of drivel.
The national debt is created by Congress borrowing from the privately owned Federal Reserve. Congress rents their fiat currency and the interest is the fruits of our labor.
On January 28, 2010, the interest we all 'owe' to this cabal was:
What that means is the people's purse, the U.S. Treasury, is over drawn $12.2 TRILLION dollars.
By what means shall this $20 billion be saved?
"One of the proposals would eliminate the "Advanced Earned Income Tax Credit," which allows eligible taxpayers with children to get a portion of the a tax credit paid out in their paychecks throughout the year.
"The White House said only 514,000 people -- 3 percent of those eligible -- claimed the credit and the error rate for the program was high, with 80 percent of recipients not complying with one or more of the program's requirements.
"This ineffective and prone-to-error program should be eliminated," White House Communications Director Dan Pfeiffer said in the statement."
I wonder what the total cost in man hours for government payroll has been during the duration of that program that has been found to be "ineffective" and "error prone"?
Right now, you and I 'owe' $112,998.00 to the banking cartel for the interest on the debt created by both parties. If you've never seen how the interest racks up, it will make you sick:
"Then I say, the earth belongs to each of these generations during its course, fully and in its own right. The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on. For if the first could charge it with a debt, then the earth would belong to the dead and not to the living generation. Then, no generation can contract debts greater than may be paid during the course of its own existence."  --Thomas Jefferson to James Madison, 1789. ME 7:455, Papers 15:393
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