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January 26, 2009

Perpetual Debt

'm sure everyone here has felt the initial rush of pleasure and the eventual pain of burden when they first created and then had to deal with credit card debt.

Financial debts are a form of enslavement, a kind of karma with interest where others enrich themselves with your unrestrained desires to have something now rather than later. It can destroy individuals and families.

So why do so many people think governments are immune to the consequences of debt? How many of you fail to understand the root cause of this planet's financial crises?

The founders of this country tried to prevent the situation America and the world finds itself in. I know, I know...it's popular to talk down on our founders, dehumanize them, usually in an attempt to avoid dealing with their wisdom...but how can we not see the prophetic nature of these words?:

"I sincerely believe... that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." --Thomas Jefferson to John Taylor, 1816.

"I consider the fortunes of our republic as depending in an eminent degree on the extinguishment of the public debt before we engage in any war; because that done, we shall have revenue enough to improve our country in peace and defend it in war without recurring either to new taxes or loans. But if the debt should once more be swelled to a formidable size, its entire discharge will be despaired of, and we shall be committed to the English career of debt, corruption and rottenness, closing with revolution. The discharge of public debt, therefore, is vital to the destinies of our government." --Thomas Jefferson to Albert Gallatin, 1809.

"To preserve independence we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816.

"All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." --JOHN ADAMS, letter to Thomas Jefferson, August 25, 1787

America is now trillions of dollars in debt. And our last few presidents and congresses have through warfare and social welfare increased that debt beyond all reason.

All we hear now is a constant call to add even more debt, which once again no politician is ultimately accountable for. Actions have consequences. All debts must be paid. With interest.

So if I am a little less enthusiastic than many about government being a problem solver, I hope you are not surprised. As I've said before, giving money to a politician is like giving whiskey and car keys to a teenager.

Government is the root cause of the current crises. And since government is failing to take accountability for how they opened the doors of greed to the bankers and brokers (as well as to themselves), government will not be able to solve this problem, only make it worse.

TINSTAAFL: There is no such thing as a free lunch. Debt is slavery and every vote for debt is a vote to enslave others in this life and the next and interfere with their ability to acquire spiritual freedom.

It's all very simple, really.

(Just call me Mr. Happy.)

Posted by witnit at January 26, 2009 9:26 AM


You,,,pretty much nailed it.

Posted by: Sam at January 27, 2009 7:15 AM

There's one congressman who's been addressing this on the business programs - Ron Paul. The whole monetary system is debt based. Were you aware that if all of our national debt was retired there would be no money circulating in the economy?

Posted by: Broadlighter at February 6, 2009 2:17 AM

Ron Paul has been effectively marginalized by both political parties. I don't see any evidence that he will be able to persuade more than a very small minority.

Posted by: WitNit at February 8, 2009 2:54 PM

..... it's a damned good thing that I'm already unemployed, that's all I can say.......

Posted by: Eric at February 18, 2009 6:16 PM

That's fine Wit. Just keep promoting his message they way you do. It's about the ideas, right?

Posted by: Broadlighter at May 2, 2009 10:03 AM

Indeed, ours is a debt based system. No surprise than we will not be left with anything if debts are "retired", as Broadlighter puts it

Posted by: Monica at December 14, 2009 1:03 PM

Corruption is the root of debt and it is what drives the beast of plutonomy/plutocracy, corporatism, profits and greed that pushes down ones neighbors by loading them with debt and laws that take away freedoms this country was founded upon.

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