[mnehring]

The author (me) actually is no apologist for any tax regime and is a strong supporter of a flat tax system. Based purly on economics, however, and the system we currently have, the issuance of government bonds is one of the best ways to keep the valuation of the dollar stable duing trying times.

One cannot separate taxes or the Federal Reserve from any discussion of the US Economy because, like it or not, they are directly tied to the economic system of this country.

Is this ideal, probably not. But it is reality.

[JohnGalt]

f the income tax was abolished tomorrow, the gubmint would have to reduce itself to the narrow size of his 1987 waist line--now was that a small government?

I agree with you that the debt is a myth; the government owns 33% of the land and need only sell its assets to get the books to come out right but they much prefer the phony argument over whether to tax the citizens at 47% and print the other 2% or tax us at 49% and print a little less.

Sell the government assets, issue bonds to the debt holders in the Social Security system and defund the whole phony operation. The flat-tax maybe a compromise with Leviathan that I could support, but there is no need assume that your audience, particularly on a conservative web site believe the federalis have earned one penny of

[akbaines]

Even though the governement may owe the populous, where do you think the government gets it's money?