Wow! The New York Times has been pontificating about the supposed debt ceiling crisis, but they’re getting it all wrong.
Jim Babka and Bill Proztmann examine the errors and provide better answers in the latest episode of Gracearchy with Jim Babka.
The New York Times claims…
- The Republicans have abused the debt ceiling and the Democrats haven’t.
- The Democrats are 90% right about the budget, while the GOP is only 10% right.
- There are only four paths this supposed crisis can follow.
All three of these claims are wrong, and Jim provides correctives to each of these errors.
Jim Babka also demonstrates that…
The two parties have used the debt ceiling in much the same way.
There is an unaddressed problem that suggests the Democrats and Republicans are both wrong about spending and the debt.
The most important option is one that the Times failed to even consider among its four alternatives!
So The Times is not even 90% correct!
Jim also addresses an important question about The New York Times’ worldview…
Is there any amount of YOUR money that will satisfy The Times?
Jim also explains how debt is bondage, and makes some predictions about where this conflict will lead.
And here’s something you’ll only hear on Gracearchy – the connection between forgiveness and debt. You’ll learn how to apply the power of forgiveness to this issue.
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ZAP The State and have a nice day,
Co-creator, Zero Aggression Project
P.S. In case you missed it, the previous episode was titled Deeper Truths: CNN Features Trump & Fox Fires Tucker – Ep 46. In that episode, Jim and Bill took you past the ephemeral level of these stories, to explain the important historical trends that brought us here and to show what these stories portend for your future.
Gracearchy is hosted by Zero Aggression Project’s co-founder, Jim Babka, but the views expressed in the show are not necessarily those of the board, staff, or supporters of the Zero Aggression Project (Downsize DC Foundation).
Just bringing up the Federal Reserve is enough to make me pray for justice. The whole fiat currency system needs an overhaul, and we need, as Ron Paul said, to End The FED. (We also need honest money, based on real value, but that is both a Biblical and Constitutional issue) The Constitutional issue is that Congress has no right to turn the minting of money over to the Fed. That power was abdicated in 1865, and totally abandoned in 1913. The biblical issue is that diverse weights and and diverse measures are condemned by God as a way to steal from the poor. (Proverbs 20:10, and Proverbs 20: 23) The Federal Reserve is also a Ponzi scheme, just as the Social Security has become- When the Social Security system started in 1935, we had 150 workers for every retiree, now we have 2.9
“Today, there are just 2.9 workers per retiree, and this amount is expected to drop to two workers per retiree by 2030.” Mercatus.org
When we failed to account for the baby boom and bust, we also allowed the theft of property and the offering to the Spirit of the Age. Frankly, you nailed the Medicaid and Medicare system. Frankly, I’ll work until I die, if necessary. I don’t want to steal from my children, or future grandchildren.
. When the Federal Reserve diminishes the purchasing power of the dollar to about two cents, they have stolen from us, our children and grand-children. This is a problem in and of itself, even without spending money on things that the majority of Americans oppose.
BTW. This was so awesome I’m posting a link to it in a forum I am on…