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originally posted by: crankyoldman
When a person is born...the government borrows money in your name from the IMF, through the federal reserve, which YOU swear to repay with interest over the course of your lifetime. Last I read it was something around 6 million bucks plus interest.
originally posted by: AMPTAH
originally posted by: crankyoldman
When a person is born...the government borrows money in your name from the IMF, through the federal reserve, which YOU swear to repay with interest over the course of your lifetime. Last I read it was something around 6 million bucks plus interest.
That's got to be "pre-fake news", if I ever heard such trash.
originally posted by: xuenchen
Well taxpayer money pays the interest on U.S. Treasury Debt securities.
originally posted by: AMPTAH
originally posted by: xuenchen
Well taxpayer money pays the interest on U.S. Treasury Debt securities.
The US hasn't used any taxpayer money to pay interest on any debt obligation for decades.
How do you think the debt "grows" ?
To pay the interest on old debt, the US Government issues new debt.
And foreign nations like China buy that debt.
The US just prints more money every year, and issues more T-Bills, T-Notes, and T-Bonds every year, to raise money for all its operations.
Taxpayer money is not sufficient to pay anything.
If the Tax payers were actually paying the interest on the debt, then the size of the debt would remain the same.
The debt wouldn't keep growing.
But, the debt grows, the same way a bank savings account grows, by "compounding" the interest on the funds.
Taxpayers may "owe", but they don't "pay" anything.
originally posted by: Tardacus
That would make the governor and state legislature guilty of conspiracy to violate federal immigration laws.
arrest them all and charge them, make an example of them, nobody is above the law.
if they are found guilty of aiding and abetting illegal immigrants the law provides that all of the states assets can be confiscated by the federal government to be sold at auction.
(b) Seizure and forfeiture
(1) In general
Any conveyance, including any vessel, vehicle, or aircraft, that has been or is being used in the commission of a violation of subsection (a), the gross proceeds of such violation, and any property traceable to such conveyance or proceeds, shall be seized and subject to forfeiture.
www.law.cornell.edu...
originally posted by: Rezlooper
a reply to: neo96
This would be cool because then we'd get to see if California can survive without federal funds. The feds need to cut them off completely if they do this and then we'll see if they are self-sufficient.
And the other bonus would be that it may become a liberal utopia where they all start to flock, leaving less of them voters in the rest of the states assuring Republican victories for years to come. Ahh, just wishful thinking.