Like so -
Posted on 02/26/2017 2:20:28 PM PST by Laframboise Covenant
Am I directly or indirectly responsible for the national debt?
This information is sent so that an exchange through dialogue be made possible. Almost every day, many people keep saying that the system is corrupt, the system needs change, the system, the system and so on.
Recently it was discovered that this system is an accounting matrix called double-entry bookkeeping. The sole purpose of this accounting system is for PROFIT through a variety of methods such as interest, taxes, etc.
Here is how it begins.
All my life I've heard that we receive value for the income taxes we pay and it is also for the benefit of our social programs and health care. There is some time, I learned that this may be incorrect. I started and I continue to ask questions like what happens to our taxes? Where do our taxes go? Who controls all taxes collected on those who pay income taxes? Where does the value come from? I keep hearing and seeing in the news, in newspapers and on the Internet that Quebec, Canada and many places like Greece and Austria that there are deficits that need to be reduced. What is this word deficit? I discover that it is a debt that must be paid.
It seems that according to various sources of information, the budget must cover the debts. Being mystified by the word budget, a general definition has been found to provide a general meaning as a projection - into the future – possible revenues from any income taxes, taxes, profits, interest, etc. A definition of the word "budget" proposed by the Oxford dictionary: "An annual or other regular estimate of national revenue and expenditure put forward by a finance minister ..."
See the website ➜ http://www.oxforddictionaries.com/definition/english/budget
Thus, looking at the general definition of the term "budget", it seems that there is a link with taxes since taxes are a form of income for the government. OKAY. It's correct. So for a while, I let things pass.
Suddenly, a variety of news sources and information bombard the newswires that I could no longer ignore. When they are talking about the budget, I see and hear words like deficits, austerity, insolvent, credit crunch, offshore, taxes, revenue, bank "bail-ins", negative interest rates, and bankruptcy and so on. These words have become a whole new vocabulary for me.
(See examples at the end of the article available online)
After a while, it became clear that these words are all connected to the word debt.
Deficit, debt, austerity all these words can only mean one thing: debt, debt, debt. The priority of news and current affairs is always put on the debt. We are still in debt for something, the debt must still be paid, etc.
Somehow, somewhere, someone pays the debt for Quebec, Canada, Greece and it goes on and on... Several questions always came back. Who pays this debt? Why so many cuts in social programs and health care programs? Who really owns the debt? Somehow, the debt will directly influence the value of the labor I have performed all of my life and my well- being since I am supposed to benefit from social programs and health care programs, if this is still true. This has been called into question. While being bombarded by these words through the newswires, I began to question what I believe about retirement benefits and social services.
(See examples at the end of the article available online)
NOTICE! Are we as a general population which, ultimately, directly and indirectly responsible to pay the debt?
➜ PLEASE READ THE ENTIRE ARTICLE ON: https://drive.google.com/file/d/0B6U5f-iajjwKaEZjRFo2dkJBbVk/preview
➜ VISIT OUR WEBSITE: http://www.laframboise-security-covenant.com/
Looks like you are responsible for some serious blogpimping.
Welcome to Free Republic.
Laframboise? And all this time I’ve been thinking I could speak French.
No, post it here. We ain't your free advertising tool.
➜ VISIT OUR WEBSITE:
No thanks. Do you like gladiator movies?
‘The Raspberry’ Covenant? Is that a new flavor of Boone’s Farm wine? ;)
Like so -
Don’t worry about it, they’ll just print the money and inflate their way out of the problem. Virtually every nation is in the same boat. The good news is that you may find your mortgage is a lot easier to pay. The bad news is that if you’re on a pension you’ll suffer to some extent, great or small. If you’re self sufficient, Amish, etc. you can kick back and watch it all on television.
Sooner or later, either the number of employed citizens will increase so much that their taxes will pay the debt off OR taxes will climb so high that it will make no sense to work and the system will collapse.
Have you ever seen a grown man naked?
Now if you are asking if we are morally responsible, then that is a totally different question altogether. I suppose we are for some of the expenditures, but certainly not the majority.
No.
LOL
No, I’m not reading your link.
The question is simple, and the answer is simple.
As taxpayers, we are directly responsible for paying the debt: taxes you pay are, in part, used to pay the debt.
The theory is the debt occurs to pay for things which will increase the economy and thus increase taxes to pay that debt off.
The scam here is that there is ALWAYS more “good reasons” to spend more than revenue dictates, so we just keep digging the hole deeper - until the debt service consumes more than revenue (actually tipping point is about 20% of revenue). Bankruptcy hits, nobody wants to loan the gov’t money, things turn really bad fast.
Here’s a crazy idea:
In our culture, every competent/capable adult is expected to accumulate financial independence in 30-50 years of work.
Why don’t we expect the same of our governments? After some sensible period of time, we should expect governance to be self-funding - especially when the government can LITERALLY print itself money.
Research so far indicates that you are responsible for nine cases of Syphilis in Chicago.
Looks like the original article was written last year and only applied to Canada and Quebec.
Then was changed up a little, and posted here and on the “the fringe” website....
Today.
Links to google.com are provided —FOR REFERENCE ONLY—
The “the fringe” site isn’t the one belonging to the canadian raspberry.
Although a good Bronx cheer might be in order here...
https://drive.google.com/file/d/0B6U5f-iajjwKaEZjRFo2dkJBbVk/preview
http://the-fringe.com/portal.php
https://drive.google.com/file/d/0B6U5f-iajjwKaEZjRFo2dkJBbVk/view
Is that a raspberry or a Bronx cheer?
The “raspberry”’s site is promoting some kind of revocable trust scheme...
“Laframboise-Security-Covenant (The Covenant) is a revocable living trust using the true United States Of America dollar the “True U.S.A. dollar” – money unit as defined in law as per the Coinage Act of the year 1792 in a definitive form that is a redeemable registered guarantee certificate for the purpose of serving human needs and social programs.
The True U.S.A. dollar defined in law is used for the redeemable registered guarantee certificate and becomes a true personal property. The United States entity providing for social needs and social programs has a true personal property asset. This true personal property can be used to establish a first security lien interest in the United States entity’s name
with the uniform commercial code. ...”
NO THANKS
If I want legal work done, I’ll hire a lawyer.
Not responsible. I get no say in how the budget is structured, what is and isn’t funded, or in what amounts, or if I can specify where my tax dollars go for which things I approve of.
Yes, you are.
Please remit your check for $5.34 trillion at your earliest convenience.
Thanks in advance for your prompt attention to this matter!
Thanks for the doing the legwork. It’s always satisfying to see a scam exposed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.