Washington’s Blog ^[1]
Dec 10, 2012

Demonocracy ^[2] created a new and stunning visual ^[3] to approach a grasp on US Federal Government debt of ~$17 trillion.

An easy tool to understand US households’ share of this tragic-comedy:

• ~100 million US households means an average ~$170,000 debt/household.
• Another way: ~$50,000 average annual household income means a household with $100,000/year income owes ~$350,000, and etc.

The good news is this problem exists only on paper. The mechanics of running a government debt-free was solved almost 300 years ago with Benjamin Franklin’s publication ^[4] how the colony of Pennsylvania operated without taxes.

The great news is our solutions are obvious and easy to understand. Concise explanation with documentation:

1. Monetary reform: the US doesn’t have a money supply, but its Orwellian opposite of a “debt supply.” Banks and the Fed create what we use for money as debts, then charge the 99% interest for its use. Monetary reform has government transparency (I know, I know, that’s unimaginable withouttotal Occupy victory ^[5]) to create debt-free money for direct payment of public goods and services. This has game-changing triple benefits of full-employment as government becomes the employer of last resort, optimal infrastructure, and falling prices because infrastructure contribute more to productivity than cost. Documentation here ^[6], here ^[7], here ^[8]. The American Monetary Institute ^[9] is a leader for monetary reform.
2. Credit reform ^[10]: Public credit is at-cost, as opposed to what we have today with predatory cartel 1% for-profit credit. For example, public credit could pay all state and local taxes with a 2% mortgage and 2% credit card. It could also release literal trillions ^[11] locked in government “rainy day” funds with lines of at-cost credit. The Public Banking Institute ^[12] is a leading group for this reform.
3. CAFR audit, reform: So-called “pension” and “rainy day” accounts are tragic-comic in non-disclosure and non-performance for budget, infrastructure, and pension funding. For example, Californians have $8 trillion in surplus assets withheld by government ^[11] in this current structure that 1% “leaders” claim requires our austerity (yes, that’s about $650,000 per household). Walter Burien ^[13]and Clint Richardson ^[14] are leaders.

As great as these breakthroughs are, resource-based economics ^[15] is our predictable future just beyond these three obvious reforms.

Americans and humanity are just “emperor has no clothes” obvious declarations away from freedom. Most of the 1% criminals will be revealed when the 99% end their wars and debt that kill millions, harm billions, and loot trillions that would make Earth successful for 100% of its inhabitants.

Unleash your beautiful, powerful, and unique self-expressions to discover and realize the future you’ve always wanted to have.