Is the national debt of the United States significantly a practical joke?

[task0778]

The USA fiat Dollars are backed up by the PRODUCTIVITY OF THE AMERICAN WORKER

The US dollar (fiat or not) is backed by the full faith and credit of the US Gov't. The labor of the American worker is only a part of the US economic model; capital investment, management, gov't regulations, and the legal systems are also part of the whole thing.

As far as I can tell, the Antigonish Movement is based on cooperatives; everybody contributes to the benefit of everybody. That might work in some local instances, but for the most part it doesn't last. If I'm not mistaken, the pilgrims tried that 400 years ago and it failed.

 

[g5000]

A joke that is being played on ninety nine, point nine, nine percent of Americans by a tiny group of extremely wealthy and influential people and the owners of BigMedia and BigOil who cooperate with them?

Economist Milton Friedman gave the key to paying down the National Debt of the United States Rapidly,
an Unconditional but Taxable Basic Minimum Income Supplement that is at the same rate, [the same number per month], but it is Unconditional and not based on your income last month or even last year, [which means that little or no bureaucracy or dishonest bureaucrats are needed to make this work].

Here is the way to finance all of this:

And here is the goal that Economist Milton Friedman told us would be the key to greatly increasing the productivity of Americans by no longer rewarding lethargy and punishing productivity.

We must come to a better understanding of this topic now because Artificial Intelligence and robotics will likely cause twenty, thirty or even forty percent unemployment over the next two or three decades.

Thread 'Mo Gawdat predicts that A. I. will lead to B. M. I? Is he correct?'

Nov 22, 2025

Mo Gawdat predicts that Artificial Intelligence and robotics will lead to the need for B. M. I., is he correct?

I believe that he is but there are certain aspects of the history of the United States that need to be widely understood before we can get this right.

We must understand that in theory three hundred and fifty million Americans own the USA Dollar itself, [but elected officials have been convinced that they own it due to the influence of a group know as "Neo-Malthusians."

"Ex-Google Exec (WARNING): The Next 15 Years Will Be Hell Before We Get To...

• DennisPTate
• Replies: 35
• Forum: Science and Technology

​

Hey! It's nice to see another admirer of Milton Friedman on this forum! I thought I was the only one.

 

[g5000]

Economist Milton Friedman gave the key to paying down the National Debt of the United States Rapidly,
an Unconditional but Taxable Basic Minimum Income Supplement

Where did he say giving everyone a handout is the key to paying down the debt?

Friedman's "negative income tax" would replace ALL welfare programs.

Rather than all the various welfare programs we have now, with their massive bureaucracies and red tape and fraud and costs, there would be one program which would provide a cash payment to all low-income people below a certain income threshold. The payout would decrease in increments as their income increased.

His idea was kind of like the EITC, which is the only tax expenditure proven to increase worker productivity and the only one I would not mind left in place under my "ban all tax expenditures" plan to pay off our debt.

 

[Toddsterpatriot]

Friedman's "negative income tax" would replace ALL welfare programs.

Rather than all the various welfare programs we have now, with their massive bureaucracies and red tape and fraud and costs, there would be one program which would provide a cash payment to all low-income people below a certain income threshold. The payout would decrease in increments as their income increased.

His idea was kind of like the EITC, which is the only tax expenditure proven to increase worker productivity and the only one I would not mind left in place under my "ban all tax expenditures" plan to pay off our debt.

Right. But it's not a handout to everyone. Explain that to Dennis.

 

[DennisPTate]

Right. But it's not a handout to everyone. Explain that to Dennis.

But... in theory it COULD be.....
which is one possible way to take some of what Economist Milton Friedman wrote.


What if the State of Utah.....
initiated a UTah State Dollar......
and gave out a paltry one hundred dollars per month to all residents of Utah.......

as an opening gambit of sorts?

 

[DennisPTate]

The US dollar (fiat or not) is backed by the full faith and credit of the US Gov't. The labor of the American worker is only a part of the US economic model; capital investment, management, gov't regulations, and the legal systems are also part of the whole thing.

As far as I can tell, the Antigonish Movement is based on cooperatives; everybody contributes to the benefit of everybody. That might work in some local instances, but for the most part it doesn't last. If I'm not mistaken, the pilgrims tried that 400 years ago and it failed.

True....
and the USA Dollars is backed up by the productivity of the USA workers.......

but... the value of the USA Dollars is radically decreased in value by the efforts of the Deep State who want Americans to be DEPOPULATED due to their agreement with the general theme of the 2010 lecture by Bill Gates that was entitled "Innovating to zero."

For the record....
Bill Gates was far too intelligent to give the estimate of five hundred million for an ideal population for the entire earth..... as had been explained by The "Georgia Guide Stones."

Bill Gates used the figure of two or three billion.....
for an ideal population.......
but Bill Gates does not seem to feel that he has to be very truthful....... on hardly any topic at all, no matter how simple.

Thread '"Unified Field Theory of Modern World Problems" by Dennis Tate'

Dec 9, 2025

I am of the belief that human productive capability is essentially without cap, top or limit?

I am of the belief that this fact can be misunderstood in many negative ways. On the other hand there is a true and positive application of this concept that could be used to set in motion the greatest economic boom that has happened in centuries.

"And the LORD came down to see the city and the tower, which the children of men builded.
And the LORD said, Behold, the people is one, and they have all one language; and this they begin to do: and now nothing will be restrained from them...

• DennisPTate
• Replies: 3
• Forum: Writing

• 

 

[Toddsterpatriot]

But... in theory it COULD be.....
which is one possible way to take some of what Economist Milton Friedman wrote.


What if the State of Utah.....
initiated a UTah State Dollar......
and gave out a paltry one hundred dollars per month to all residents of Utah.......

as an opening gambit of sorts?

No, Friedman didn't recommend a universal handout.

Why would Utah want to hand out money?

 

[task0778]

but... the value of the USA Dollars is radically decreased in value by the efforts of the Deep State who want Americans to be DEPOPULATED due to their agreement with the general theme of the 2010 lecture by Bill Gates that was entitled "Innovating to zero."

IMHO, this is a bit over the edge of reason. Depopulated? As in dead? I know nothing about that 2010 lecture, but the GW/CC folks are whackos. And even rich people can be whackos.

And I do not see how such ambitions can be credible even if true. Who says the "deep state" wants depopulation?

 

[EMH]

Math actually does matter.

You cannot claim today to be a patriotic American and not be extremely concerned about the Federal Debt since W was sworn in.

And since neither party has any interest in preventing the Federal Debt from going ever higher, we do need a Third Party for those of us who understand basic math and have patriotism to America.