Americans who believe that they will still be alive 12 years from today had better brace themselves for the coming economic catastrophe that is the end result of a bipartisan effort to evade fiscal responsibility.
As reported by The Washington Free Beacon, in a recent interview with C-SPAN, Rep. Dave Brat, R-Va., dropped a bombshell that should have been top-of-the-hour news stories on every major news broadcast (but, of course, wasn’t).
By 2027, said Brat, the federal government will only take in enough money to cover entitlement programs and interest on the already unimaginably massive (and still growing) U.S. national debt.
“There won’t be a dollar left to run government, military, roads, education, all the things folks want,” he said, referencing a recent report from the Congressional Budget Office.
“In the short run you just can’t spend more than you have and every family knows that, every firm knows that,” Brat – who defeated House Majority Leader Eric Cantor in a shock victory in November, continued. “Firms are firing people right now instead of hiring because they can’t meet payroll. So that’s how the real world works and the only place it doesn’t work like that is up here."
Those who loan money to known bankrupts who can only repay the debt by robbing others do not deserve to be repaid. REPUDIATE THE FED DEBT!
Or as Patriot Hero Lysander Spooner wrote in 1870:
Spooner took up the question of government debt with his signature fresh look. As you might imagine, he left nothing standing.
“On general principles of law and reason,” Spooner wrote, “debts contracted in the name of ‘the United States,’ or of ‘the people of the United States,’ are of no validity.”
How could that be?
It is utterly absurd to pretend that debts to the amount of twenty-five hundred millions of dollars are binding upon thirty-five or forty millions of people, when there is not a particle of legitimate evidence — such as would be required to prove a private debt — that can be produced against any one of them, that either he, or his properly authorized attorney, ever contracted to pay one cent.
Certainly, neither the whole people of the United States, nor any number of them, ever separately or individually contracted to pay a cent of these debts.
How about you clean your house and then worry later. You and others have been on the cause of this. Don't whine now. You passed over and over again million dollar stupid ideas of Obama. You let him break the law over and over again. Do not dare whine now.
Oh, it won't take that long. After all, we have to support the royal OScumBag family and friends, their private military, their community organizers, and our children's indoctrination screwels.
Thanks for this news. I have known this for a long time. I am retired and I have just relinquished my Medicare Part B in order to receive more funds to pay my doctor and hospital and utilities. Social Security doesn't pay these bills. I am in Massachusetts. My rent is $750/month, the best I could find.
I am trying to get back my home in Southwestern Virginia that I sold 5 yrs ago and took back a mortgage. I have not received the mortgage payments, which are only $455.66/month , for 61 months. I have had to file a Breach of Contract in the Court against the Debtor and against the Commonwealth of Virginia for their part in the case. Virginia is in debt (shortfall on the books) for over $3 Billion!!!! the 2nd Highest in the Country. Maryland is Highest at over $6 Billion. How long can they hold on???
The State is trying to get out of paying me by filing a Plea for Sovereign Immunity, BUT they have DEFAULTED as they did not respond to my Summons from the Court and my Complaint on time. So, this goes before the Judge. Technically, I have won my case. I will fight for it. I want my home back!
Just giving you all a HEADS UP on what can happen to you as times get worse. The property is worth under $100,000, not a lot for real estate in Virginia.
I have an idea to a solution to this issue. I want to present it to the State. Can you Tea Party folks help me? Here it is: If the State can find the funds through a Grant for Homeowners to pay their Mortgage off by paying me the Grant funds and paying the State back at 3% interest, and finding the family of 6 a place to live so I can move back into my home, we could solve this problem. The Defendant does have some funds from a new business just starting up and is interested in a new Contract with me, but I am not in a position to do this. Besides its risky for me as he could go bellyup in the coming recession. My Banker advises against it as I need my money.
What do you all think of this idea? Thanks, Margot
We are not going to make it 12 years.