Repudiate the National Debtby Wendy McElroy
Dec. 26, 2012
FACT CHECK: Hillary Said 90% of Clinton Foundation Donations go to Charity. Actual Number? 5.7%
Wikileaks: Hillary Plotted Fake 'Grassroots' Campaign Using Celebs to Con Youth Into Voting for Her
UK: '12yo Refugee' Outed As 21yo Jihadist Threatens To Kill His Foster Mom & Her Kids
'The System IS Rigged!' Pat Buchanan Goes Off On CNN Propagandist!
LOL! WashPo's Jennifer Rubin Crashes & Burns During Bill O'Reilly Interview
As of December 19 at 11:50:59 a.m. GMT, the national debt of the federal government was $16,357,278,240,896.86, or $52,080.07 for every individual in the United States. The only sane and moral stance is to repudiate it entirely.
"Repudiation" is not a word used by the political mainstream. Part of the reason is who holds the debt. China is often castigated as the largest holder, but that country actually accounts for less than 8 percent of the money America has borrowed. On September 4, FOX News reported, "Fully two-thirds of the national debt is owed to the U.S. government, American investors and future retirees, through the Social Security Trust Fund and pension plans for civil service workers and military personnel."