What The Politicians Don’t Want You To Know About The National Debt

Epinions.com ^ | 09-19-03 | Matthew Nehrling

[mnehring]

The truth about the national debt. This is the article that has been buzzing around the net for the past few days. http://www.epinions.com/content_3514867844 ... Any discussion I have ever had about the national debt I have always started my position by asking the other person who they think the creditor is on the debt and who really owes the debt. Most people, at first instinct say that we are the debtors who have to pay off the government and each of us carries the burden of the national debt.

This is the first, and most important fallacy to understanding what the national debt is and how it works. Politicians have long made the populous believe that they are the ones who owe the national debt, however, they never have clarified why or how. This has kept the general population in fear of the national debt and always giving power to those who promise to eliminate the national debt.

The truth is that the debtor is actually the government, not you. If the government is the debtor, who is the creditor? Most people would be surprised to realize that you are the creditor on the national debt. The money owed on the national debt is actually owed by the government to the populous. Keeping a running national debt means that the government owes its citizens, not the other way around. The politicians never want you to learn this because they don’t want you to realize that the government owes you....

[Mo1]

This is the first, and most important fallacy to understanding what the national debt is and how it works. Politicians have long made the populous believe that they are the ones who owe the national debt, however, they never have clarified why or how. This has kept the general population in fear of the national debt and always giving power to those who promise to eliminate the national debt.

According to Joe Biden last week with Tony Snow .. We are Greedy for wanting a tax cut