Finally some honesty from a liberal. Of course there’s an endless supply of money as long as there’s enough cotton fiber, silk, linen, and a bit of wood pulp to make counterfeit US currency. A one-dollar bill costs as much to produce as a 100-dollar bill. This method of making money is only right because governments say it’s right. You and I couldn’t reconcile our debt-living the way our government does. We’d go to jail. Politicians get re-elected.
As long as cotton socks, shirts, and blue jeans are made, there will be enough money. And if the cotton becomes scarce, all our Federal Government needs to do is turn on their computer money-making machine and add more zeroes to the bottom line.
Republicans and Democrats are guilty of counterfeiting. The courts are complicit in allowing it to happen. Of course, judges won’t act on the unconstitutionality and immorality of our government’s practices because they benefit from them.
State and city governments are equally guilty since they get stolen money to fund their city, county, and state programs.
New York Mayor Michael Bloomberg made the point when he said, “We get 10 or 12 percent of our budget from the federal government.” What is the source of that money? Some of it is counterfeit. It gets worse:
“We are spending money we don’t have. It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. . . . Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.”
You and I can’t borrow money like the Federal Government can. Lending institutions check our credit and debt load. Too much debt, and you won't get a loan.
Why do “people” (Bloomberg doesn’t say who they are) loan our government money? Because they know that when desperate, our government will print more money. Of course, when this happens the dollar is worth less. This means that foreign governments can purchase the United States bit by bit, as they are doing.
Where does the “10 to 12 percent” of New York City’s money come from? Mostly from tax revenue. What is the source of the tax revenue? From tax payers in other states. This means that money is taken from individuals around the United States and redistributed to the states.
This transfer of wealth makes no sense unless it’s political in nature. Why not eliminate every dollar sent to the states and reduce the tax burden on every citizen. Let the states take care of their own city and state budgets. Why are we in other states buying for 10 to 12 percent of New York City's budget?
Why should I be funding any portion of what goes on in New York State or New York City? The same is true for New Yorkers who are taxed to fund what goes on in Georgia or any other state.
We are being scammed. There are thieves in high places. The frightening thing is, the majority of voters like these kind of thieves. Stealing in the name of social justice or whatever politicians want to call it is still stealing.