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Reply #33: every cent collected in income taxes is used to pay interest to the Fed for printing our $ [View All]

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librechik Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 11:19 AM
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33. every cent collected in income taxes is used to pay interest to the Fed for printing our $
Edited on Fri Oct-14-11 11:24 AM by librechik
If the US printed its own money, we could spend our taxes on other things like health care and the environment.

although Fed sources claim otherwise, there's a great rundown of how this happens in the documentary film America: Freedom to Fascism http://en.wikipedia.org/wiki/America:_Freedom_to_Fascism
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