U.S. National Debt Ceiling

US Government funding ran out September 30, 2021. The U.S. government owes nearly $29 trillion. U.S. state and local governments owe another $3.5 trillion. Americans today already owe a total $32.5T for public infrastructure. And, since Congress could pass a new $3.5 trillion bill on September 27th, it’s widely reported the government will default unless it borrows more money, wiping out up to $15 trillion in wealth and costing millions of jobs!

Media frenzied, 325 million Americans, discounting federal workers, will lose jobs and their stuff will be worth less unless their government borrows money. And also according to U.S. Treasury Secretary Janet Yellen, if the government doesn’t borrow money that taxes we pay to go shopping cover then we’ll lose wealth and jobs!

What news won’t publish about raising the debt ceiling is, as the amount of U.S. dollars increases, how politicians are deciding which Americans will get less.

Every economist knows loans increase the money supply. Economists also know “price” is a relative value. If everyone has more money then what’s more money going to afford? The truth is that this year’s debt ceiling campaign Congress votes on will afford many Americans LESS if the government’s $3.5 trillion infrastructure bill ever passes.

According to news, Democrats are pushing to raise the debt ceiling before the government “runs out of money” and U.S. Republicans firmly won’t support this legislation.

Loans increase money supplies when bonds become saleable assets (T-bonds). A loan creates a bond; as the number of bonds increase these new assets act to inflate the value of an economy. If everyone has more money, nobody is better off. Thus, raising the U.S. debt ceiling means many Americans must get less than their per capita share of economic growth, pegged at $15 trillion by research reports, for it to work at all.

It’s America’s unemployed- people who have no income like me- who will probably get less than their share of any economic growth that results from new legislation allowing the U.S. government to borrow more money.

Yet it’s U.S. Democrats who are also pro- unemployment and public welfare (entitlements).

The fact Democrats are the elected officials voting for this bill embodies America’s perilous fraud. Today, Americans owe $32.5 trillion in local, state, and federal public debt. Americans also have credit card debt, auto lease, student loan, and mortgage payments to make.

Editing DNMW/A in Retreat

This year contributors edited parts of author Ethan Collins’ upcoming “Do Not Mix with Alcohol” in residence, an investigation told by recollections of burned-on-the-job firefighter Mason Garnière into the marriage of appearance to reality. Church booked its retreat above the Okavango River using Airbnb. Read novel samples in this article inline with our breathtaking nature sanctuary pictures.

Continue reading


Church celebrates great work done this summer in time for students’ return to college by launching its new ChurchBooks store. This shop carries posters, postcards, and stickers! Gold in blue triangle stickers printed on vinyl coated paper look perfect on ereaders, computer skins, notebooks, and pocket portfolios. A 4×3″ rectangle retails for as low as 99¢ including shipping. Better, decorate your kids’ dorm rooms with a 2×3′ poster!

Continue reading