...is your position essentially that you do not owe anything with regards to the debt?
This “owe” thing really confuses me. IMO, there is nothing owed on the nation's annual deficit or (accumulated total) " national debt" because these words do not have the same meaning as an individual person abusing their multiple credit card accounts each year by spending more than they have each month while paying only the minimum balance due. Later they reflect on the staggering amount of money spent, and the even greater amount that will still be owed that same year including interest charges, or worse yet, total it all up decades later after continuing to rack up running balance and therefore, the total amount owed. These words (loan, borrow, interest, owe, debt, deficit, stimulus, quantitative easing and reserve) were carefully chosen to confuse people because the banks and government do not function like an individual or family would use the same words or apply them to their own financial situation.
I may be completely confused here, but it seems very simple (while it’s deliberately made to look complicated for the purpose of deception).
The nation's annual deficit is really the difference between the "money collected from fees and taxes", and the money spent. That difference is completely made up by legally counterfeiting new fiat money out of think. It is explained away as if the money is borrowed, taken from investors, taken as loans from the federal reserve bank or foreign banks/governments - like they have some real source of xx Trillions of real money. It's not going to be paid back because these are just rationalizations that take the focus off of the printing press that created the extra 20,000,000,000,000 dollars. The digital bits, ink, "paper" or "imaginary loans" cannot ever be paid back or put back.
A sizable portion of the "money collected from fees and taxes" that was considered above was not "real" either since it came from income paycheck withholding and corporate contracts that were all paid with previous imaginary fiat money that was printed out of thin air.
All the money, all this unreal fake money we use in the USA is mandated by law. It's all we have got! It is backed by our faith in our government... It is the debt. It represents what was "pretend borrowed" in the past, but it was actually produced by the "printing press".
There might be some "value" to a hunk of land, building, bar of gold, imaginary bit coin or contract for goods or services, but that's tiny in comparison to the "debt" or "fiat money" that has been created to make just about everything "go". Fiat value and usage is enforce by the full coercive force of the government and its military if necessary. The capability of the well-fiat-funded MIC, MIL, CIA, etc. is Yuuge!
Trump had better just listen to his new puppet master advisers, leave some of this deep gory stuff alone and concentrate on restoring optimism, language, boarders and culture, make some better deals to keep peace and productivity happening in order to make America great again.
The "nation's debt" is the historical total of every previous annual deficit PLUS OPTIONALLY the total of future obligations such as the promises to magically pay retirement, Medicare, pensions, bonds, loans and whatever made up scheme that was used to justify the creation of most of the fiat money that was previously printed out of thin air in the first place. There is no reserve or source of stockpiled money to borrow from at some arbitrary interest rate; it’s just the medium of exchange we must use. Admittedly, there are some really convoluted and confusing explanations how the magic porridge is real because it is really conjured up from someone else’s magic porridge pot.
There is no escape. Auditing the fed will just scare people. The can just needs to be kicked down the road at this point because recovering to a sound money system will be a bloody awful battle back to an even harsher life without the evil ultimate power to create money out of thin air...
There is nothing owed regarding the debt. The words make no sense in the context explained above. The debt and Creature from Jekyll Island, now own us... Those that think they can control it and know the right thing to do, are kidding themselves.
Now go back to sleep my friends and when you awake, you will feel refreshed... 3,2,1 SNAP!
