-Caveat Lector-
MJ wrote:
.50 Payments to Individuals
.15 National Defense
.15 Grants to States & Localities
.14 Net Interest
.05 Other Federal Operations
.01 Reserve Pending Social Security Reform
____
1.00 Total
Hmmm ... 14% is bigger than 50%? New Math?
++++++++
"Individuals"? Does this mean government employees or what exactly? And
you're saying there's only .01 difference between national defense and net
interest. Sounds like the financiers are getting a big cut there, and since
they own most of the military industrial complex as well, that's a big chunk
of the government. I keep wondering why they want to do away with the
government. It must have something to do with wanting the other 70% of the
pie.
MJ:
The 'source' would then be the taxpayer -- so this mantra is
a bit silly.
++++++
It's only silly to you because you distorted what I said. The source of the
money is the people who actually buy the bonds that are actually sold. The
ideal situation would be if the taxpayer bought the bonds, and then we'd
collectively own the infrastructure. The actual situation is that, although
the money of small investors is used to pay for bonds, because the savings
are filtered into mutual funds, the investment management company--not the
investor--controls the fund. In the case of default, the small investor is
wiped out, but the larger bondholder (with maybe 5% of the total fund) gets
control of the asset. Then it can be sold to another corporation sponsored
by the financiers and friends. You don't have to believe me; do some
corporate research.
MJ wrote:
Why the need to invoke emotive language rather than responding
specifically to the material?
+++
I put the same question to you. And I don't have to insert flowery quotes
from long dead apologists for an empire called a "republic"--that existed by
virtue of looting and slavery. What did Cato know about the 20th century or
the United States? What did he have to say about the corruption all around
him during his own lifetime?
BTW, I've forgotten what kind of work you do, MJ, that's so valuable to
society. Aren't you the Ayn Rand follower? No creativity, only quotes.
Linda
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