The federal government owes people almost $22 trillion. That means that American taxpayers owe people almost $22 trillion. That’s because the federal government has no money of its own. The money it gets comes entirely from American taxpayers. That’s what the IRS is for — to make certain that everyone sends his required amount of taxes to the federal government to enable it to cover its expenditures.

According to usdebtclock.org (which is an Internet spectacle worth looking … Continue reading Hurtling Toward Bankruptcy