![]() |
|
||
|
Pesky National Debt Wiped Out by Faux CoupPosted on Aug 4, 2009
Should this ever actually happen, The Onion gets credit for its prescient mock-up of a hostile takeover of the American government by a militant, yet strangely familiar, enemy organization bent on ... completely obliterating the ever-increasing U.S. debt. The Onion:
Advertisement Previous item: The New, Bo-taxed, Socialist Face of Health Care Next item: Small Business Owner vs. Conservative Democrat Elsewhere: . CommentsAre you a Truthdig member yet? Login now, or register with Truthdig. Add Your Comment
|
A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
Copyright © 2009 Truthdig, L.L.C. All rights reserved. |
By HighHopes, August 7 at 10:49 am #
(Unregistered commenter)
The idea of this false coup is funny, but it doesn’t really make sense. By far, most of the national debt is not held by foreigners. About 25% held is by foreigners. The remaining 75% is held by, well, us. It is owed to ourselves.
Most of the national debt, 52%, is held by other parts of the U.S. government itself, mainly Social Security and Medicare.
Other big holders include state and local governments, individual investors, public and private pension funds, mutual funds, holders of US savings bonds, insurance companies, and banks and credit unions.
So yeah, staging a phony coup so we can stiff the debt holders might be a funny idea, but it doesn’t sound as funny or make much sense to stage one just to stiff ourselves. The premise of the joke is wrong. The national debt is not primarily held by foreigners.
Kinda kills the joke, doesn’t it?
Report thisBy PSmith, August 6 at 1:40 pm #
@ BlueEagle, August 5 at 8:17 pm #
“We don’t know what happened on 911. But we do know what they are covering up. Namely several very strange actions by the Vice President. By Cheney. That didn’t even make it into the 911 report” Peter Dale Scott, paraphrased -
http://www.youtube.com/watch?v=DDZR72PPUO0
Report thisBy BlueEagle, August 5 at 8:17 pm #
You forgot they blew up 3 buildings on 911 to give themselves carte blanche to wage war, pass the patriot act, etc.
Report thisBy PSmith, August 5 at 4:23 am #
PREVIOUS EXAMPLES IN HISTORY
Germany 1933 - http://www.youtube.com/watch?v=Jt5HtPYv1FQ
Grand Fenwick 1959 - http://www.youtube.com/watch?v=h_YVQx2mczs
Rarl Kove / Biggus Dickus version - http://www.youtube.com/watch?v=k3DRhwRN06I
Robin Ramsay of UK Lobster magazine has been a reporter of (real-life) conspiracies for over thirty years. He wrote a very useful little book on the difference between theories about conspiracies and conspiracy theories. Article, in no way as good as the book. - http://www.serendipity.li/eden/laconspi.html
Amazon - http://tinyurl.com/4hahen
UK Lobster magazine - http://www.lobster-magazine.co.uk/robin-ramsay.htm
Peter Dale Scott - The Red Pill
-
http://www.youtube.com/watch?v=DDZR72PPUO0
Report this