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Senator Angus King’s Statement on Recent National Debt Ceiling Vote

 FFJ Editor, David Deschesne Retorts

DISTRICT OF CRIMINALS. – U.S. Senator Angus S. King, Jr. (I?-Maine), a member of the Senate Budget Committee, released the following statement after his vote today to suspend the debt limit:

“I am pleased that the House and the Senate were able to reach an agreement on the debt limit that not only avoids defaulting on our nation’s obligations, but that sets the Senate up to proceed with the creation of a budget for the first time in four years and holds us accountable if we don’t follow through,” said Senator King.

“If we had failed to suspend the debt ceiling we would have jeopardized the full faith and credit of the United States, and the results would have been devastating to our economy. It’s critical we bear in mind that a suspension of the debt ceiling only authorizes the federal government to pay bills that it has already incurred.

“While the passage of today’s bill was necessary, it does not solve the future problems associated with our nation’s debt. The legislation fails to achieve long-term solutions that are sorely needed to ensure economic stability. The issues continue to confront us, although the deadline is now four months away.

“An integral facet of addressing those long-term needs will be passing a budget resolution. As a member of the Senate Budget Committee, I look forward to working closely with my colleagues in this endeavor. We will need to explore additional revenues and further spending reductions to proceed in a balanced manner. No one is going to be happy with how we get there, but we must make the tough choices and keep our promise to the American people.”

Dear Senator King:

“Fixing” the budget (something politicians will never be able to do, anyway) in a debt money system will do no more to address the national debt than tuning up an engine on a leaky boat to prevent it from sinking from the gaping hole in its hull.

The solution to our national debt is to stop using debt (Federal Reserve Notes) as if it were money because the only way that debt can be discharged is by taking on still more debt, which is why we’re in trouble with our national debt to begin with. Our money system is akin to discharging one credit card with another and the bankers are laughing at (y)our stupidity and ignorance on the issue.

The U.S. Constitution – I think you may have sworn an oath to uphold it – only allows for gold and silver coin, not Federal Reserve debt certificates, to be used as money. That’s the only solution, whether you like it, or not.

As for the “full faith and credit” of the United States; that just means the government’s ability to point guns at the citizenry and extort their wealth on behalf of the bankers who counterfeited the fake money into existence to begin with.

David Deschesne


Fort Fairfield Journal



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