It Is Mathematically Impossible To Pay Off All Of Our Debt


Samarami's picture

Sam submitted a comment to this article at "The Economic Collapse". I doubt that it will ever see the light of day. Here it is:

    From the article:

    "...The real problem, of course, is our out of control spending..."

    "...We simply cannot afford to keep spending money like this..."

    Whenever an author uses "we" and "our" I can know s/he will neither discover nor address the root of the "problem" (quotes intended). I was going to link Jeff Berwick's "The Most Dangerous Word" ("we"). However, now that Jeff apparently considers himself a libertarian potentate, has chosen to dabble in political action (he's started spelling "libertarian" with a capital "L"), seems he's had second thoughts and taken the article out of the archives.

    But his essay included a link to this:
    which sez it all.

    My spending is not out of control. Is yours? I can afford to spend "money" (or what they're calling it nowadays) like I spend it -- unless or until my resources threaten to give out, at which point I'll need to make other arrangements, which I can do. Can you?

    I strongly believe you have two ways out of this mess: 1) exorcize your superstition (if you still cling to it) that you have "representation" over in a place they're calling District of, Columbia. You don't. 2) Abstain from beans


Seems many of these blogs will only entertain thoughts along party lines. Mine seldom meet that criteria. Sam

Samarami's picture

Interestingly, I eventually was able to google up a copy of the article by Jeff Berwick (in my opinion his best, written years before he became infected with statism) that had been posted in 2011 on a Yahoo Group message:

Jeff and Walter Block have gone whole-hog into political action, and justify themselves totally:


Keep your hand over your wallet pocket, Mates! Sam