Eric Blair - Activist Post
Ron Paul constantly reminds us that money is created out of thin air, which is to say it's an illusion. Therefore, the debt must be an illusion too, correct? Yet, fiscal conservatives still use the debt as a tool of fear to make budget cuts that they selectively deem expendable.
Sure, they may think these cuts make them look "responsible," but ultimately it is still collectivism -- just more on their terms. Make no mistake; budget cuts in our corrupt systems are just another form of wealth redistribution. After all, that money is being eliminated to pay off the debt, right? Thus, that money is removed from programs that employ people to pay off the issuers of credit (banks).
Additionally, the costs of the national debt, bank bailouts, war costs, and unfunded liabilities are fundamentally impossible to pay off. So, the notion that cutting a "historical" $100 billion will have any positive affect on the long-term economy is absolute fiction. And although many conservative lawmakers feel like it's the right thing to do, they know it will have no measurable affect on the debt. It's a scam, and if the history of modern lawmaking is any indicator, the establishment will surely stick it to the poor and middle classes with these cuts while the oligarchs continue to flourish.
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