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rodgermitchell

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10 months, 4 weeks ago

rodgermitchell commented on the blog post Completing the Theft from the Social Security Trust Fund
2011-08-12 13:34:17View | Delete

Contrary to popular myth, federal taxes do not pay for federal spending. FICA does not pay for Social Security. The U.S. is Monetarily Sovereign. It can pay any bill any time, without taxes.

Those who do not understand Monetary Sovereignty ( http://rodgermmitchell.wordpress.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-economics/ ) do not understand economics.

Rodger Malcolm Mitchell