It would be one thing if the deficit was increasing due to investment in infrastructure or research, it is another thing entirely that the deficit increases because we transfer income from one American to another. But FedGov spent all the money it has taken in “trust” funds, so the only was to pay back those dollars is through higher taxes or through inflation. I don’t think there is a big appetite to feed more money into the one-armed-Washington bandit. It’s interesting to note when the 13th amendment passed in 1913, what at the time cost $500, would cost more than $12,826 today.
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It would be one thing if the deficit was increasing due to investment in infrastructure or research, it is another thing entirely that the deficit increases because we transfer income from one American to another.
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Um, did I miss a legal modification of the Constitution somewhere? NONE of those cases exist in A1S8, let alone 5th/9th/10th and esp. 13th (aka welfare state).
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But FedGov spent all the money it has taken in “trust” funds, so the only was to pay back those dollars is through higher taxes or through inflation.
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No, there’s another option: DEFAULT. Default on that which *NEVER* should have existed in the 1st place. The People get what they get for allowing the illegality to even begin.
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I don’t think there is a big appetite to feed more money into the one-armed-Washington bandit. It’s interesting to note when the 13th amendment passed in 1913, what at the time cost $500, would cost more than $12,826 today.
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Welcome to the results of the illegal Fed. Reserve Act (unless, again, the Congress was amended to allow it ‘give away’ its powers/authorities to non-elected entities)