For those interested, congressional testimony in the 1980s show that most of the federal income tax we pay goes to pay the interest on the money the Federal Reserve loans to the treasury. This loan is the national debt. It may be more now. Maybe 100% of our tax. We can't know since the Federal reserve refuses to be audited, let alone reveal who are the persons the 40% of the fruits of my labor, and 15% of may idcc returns, go to.
So the debt ceiling debate IS a shell game of status quo republicans and democrats. There is always the chance of course that the government can use its loaned money for, or the creditors themselves can finance, an event to scare us into believing that the game is real. Hopefully not.
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