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How to Pay Off the National Debt

Politics / US Debt Sep 18, 2009 - 01:48 AM GMT

By: Nikki_Alexander

Politics

It’s all the rage these days to sell public assets to pay off government debt. We mustn’t default, after all. We just hate to see our national parks, public roads, energy grids, water, hospitals and schools being sold to robber barons. Do we have anything to sell that the majority of Americans wouldn’t mind parting with?


What about all that Pentagon real estate owned by US taxpayers? Over 1,000 military bases worldwide. That real estate must be worth a fortune. Given the worldwide inflation of real estate values, created by the central banks, it must be worth trillions. We could close our worldwide military bases and sell that real estate to the locals who would probably jump at the chance to get rid of a foreign occupying army. We could ask the buyers to pay for the land with worthless Federal Reserve notes.

That would solve their problem of how to get rid of their worthless US dollars and simultaneously give Americans a sufficient amount of worthless dollars to pay back the Federal Reserve for the national debt they created with worthless Federal Reserve notes. Without those military bases we couldn’t have wars and we should be able to drastically reduce the Pentagon budget, saving even more money ~ and lives! Just think of it … close to one trillion dollars every year being sucked up by the Pentagon would be liberated for health care, education, infrastructure and a peacetime economy. We could even get rid of the Pentagon all together. After all, we lived quite comfortably without it for 170 years.

While we’re at it, we could sell off those secret CIA torture prisons; close all those military labs that make chemical and biological weapons and the pharmaceutical labs that create deadly vaccines. This would free up enough cash to save our hospitals, schools and national parks with money left over to clean up all the depleted uranium sites contaminating 39 of our states.

We could get rid of the domestic surveillance apparatus and stop outsourcing intelligence gathering to private “security” firms, cancel the contracts with mercenaries and assassins, stop funding military recruiters in our schools and stop paying for coups in countries where people would rather elect their own leaders. That would save a fortune. Selling off the whole covert operations apparatus would have the double advantage of fetching a good price and freeing other people to live their lives in peace.

If we wanted to permanently flourish we could get rid of the Federal Reserve and restore the function of money creation to the public ~ constitutional money backed by the full faith and credit of US citizens. A new monetary system owned and controlled by the public would ensure that credit is always available to cities and states, schools, hospitals, small businesses and homeowners. We wouldn’t have to sell off the public assets we value because we wouldn’t have any government debt. Problem solved.

The public has plenty of toxic assets to sell. Wall Street hasn’t cornered that market. I wonder why Obama hasn’t thought of this himself. Perhaps the $900,000 in “campaign contributions” from Goldman Sachs is clouding his vision or perhaps the advice he gets from the privately-owned Federal Reserve is self-serving; perhaps the corporate CEOs that rake in billions from public despair have his ear or perhaps the beneficiaries of Pentagon wars have convinced him that killing people in Afghanistan and Iraq will bring greater returns than selling off the toxic assets Americans really don’t want.

Paying off the national debt is a no brainer when you have a conscience.

By Nikki Alexander

This article is an excerpt from a more detailed work on the history of organized crime syndicates masquerading as the US government: http://nikkialexander.wordpress.com


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Nicholas A. Mauro
14 Jul 11, 13:51
National debt

Get rid of big pay to CEO's why should they get treated better than you and I. I am very poor.


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