Town Hall
As America’s massive national debt continues climbing to even greater heights, recently surpassing $23 trillion, Rep. Chip Roy (R-TX) has introduced a resolution that calls for the installation of national debt clocks in two rooms. The conservative congressman’s “Know Debt Resolution” would add “debt clocks in the main meeting rooms of the House Budget Committee and House Appropriations Committee,” according to his website. More
And this will lower the national debt how exactly?
Dear Mr. Roy, Congress knows what the national debt is, they just don’t care (not their money), and if you stay in Congress after a while you won’t care either.
the federal reserve
they are the enemies of all humanity
do you think having the stock mkt divorced from all fundamentals is going to work out well for this country?
There should be one above each urinal and on the inside door of every toilet stall, too.
They don’t care, they make the money and run off to a nice retirement. They are addicted to tax dollars and will always justify spending it on BS.
The national debt is an outer space number, 25% of Congressional payments for stipends should go to paying down the national debt.
There should be one in every room and office used by any representative or senator. Also it should be on the TV screen at every debate. Really any time any federal politician or candidate is on TV.
Hang a gigantic one over Congress’ useless Shiff/Shit show.
Like the Sword of Damocles.
They’ll be $20 Million each….
Hell, anything is better than nothing to
stop the spend/print madness.
To hell with the Debt Clock.
Shut Congress down with an Article V. Convention Of The States.
That would be an empty gesture, unfortunately.
Now if you were to install gibbets in every meeting room…
Bobcat – and $40 Million for the installation, each.
In a debt based monetary system, where the money is borrowed into existence, all that debt represents money in circulation.
Get rid of it and you get rid of the money.
So, why isn’t money based on assets? Such a system would lead to sustainable, irreversible growth… and independence, freedom and a more intelligent civilization. To be here, you would have to produce.
The problem with an asset-based system, is it requires honor, accountability and the rule of law. Apparently, we’re not ready for that.
Jimmy,
Asset based system (e.g. gold standard) don’t work too well when you are running a constant balance of trade deficit.
Eventually you end up giving all of your assets to pay your deficit and have little or nothing left for yourself. (That’s what happened when we were on the gold standard and ended up with our gold going to Europe to cover our debts there when they collected payment in gold and we had to confiscate it from the people to have it to pay our debts off.)
Put the debt clock at all the voting precincts and you might have something.