Repudiate the National Debtby Wendy McElroyDec. 26, 2012 |
Bari Weiss' Free Speech Martyr Uri Berliner Wants FBI and Police to Spy on Pro-Palestine Activists
Telegram Founder Changed Mind on Setting Up Shop in San Francisco After Being Robbed Leaving Twitter HQ
America Last: House Bill Provides $26B for Israel, $61B for Ukraine and Zero to Secure U.S. Border
MSNBC's Joy Reid Celebrates Prosecution of Trump as Racial Revenge Against Whitey
Ukraine Tells The U.S. It Wants to Be Treated Like Israel
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." Read More |