Re: [SOCIAL CREDIT] lane

Triumphofthepast@aol.com wrote (on socialcredit@topica.com):
> 
> How would you deal with the U.S. national debt?
> 
> "The debt is being dealt with; it is being amortized." (Ryan)

As some know, I publish the CITS DEBT WATCH:

http://groups.google.com/groups?hl=en&lr=&ie=ISO-8859-1&scoring=d&q=%22cits+debt+watch%22

***

Bill,

I think the word amortized is much too friendly a word for
what deep problems the federal debt poses.

Of course, as long as people will purchase our "treasuries" --
our debt will be held by others.

But, amortization suggests something very different.

It suggests that dollars have been wisely spent, and that
we are gradually "paying that off."  (Picture, if you will,
investing in capital equipment in a factory that is receiving
an ROI (return on investment) that exceeds the cost of capital.
This is where the word "amortization" belongs !)

Unfortunately:

        1.  There is no indication that the deficit has
                been wisely spent (i.e. produced a positive ROI)

        2.  And, there is no sense that we are "paying it off"

Regards,

Curtiss
-- 


           W. Curtiss Priest, Director, CITS
        Research Affiliate, Culture & Media, MIT
      Center for Information, Technology & Society
         466 Pleasant St., Melrose, MA  02176
   781-662-4044  BMSLIB@MIT.EDU http://Cybertrails.org