Keith Evans
2 min readOct 26, 2022

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Answer this question for me.

If Social Security and Medicare are "funded" by dedicated taxes and Treasury bonds why are their benefits threatened by failing to raise the debt ceiling?? Neither should involve the debt in any manner "IF" the story we are told is correct.

Here's the truth, so pay attention.

There is no "debt" that taxpayers owe. It is a tracking number that tells us how many dollars have been created by federal spending after subtracting the dollars that have been "DESTROYED" by taxation. It is the "net" money supply after private bank debt is accounted for. It is the "net" payment our government made to the private sector for the resources and labor it demanded. It is our aggregate savings represented by Treasury bonds.

Your taxes and bond purchases don't "fund" your government. Your government funds you. The tax dollars that were supposed to be dedicated to those programs were also destroyed by the debt that originally created them and the bonds are a "promise to pay" contract that guarantees the money will be recreated at the maturity date of the bonds.

The federal government always has infinite dollars available to it and its ability to spend/create those is not enhanced by collecting taxation or selling bonds. Both destroy money/reserves from the banking system after reducing the debt/money supply. The government can never "go broke", and by extension, neither can any program it passes in Congress and the President signs into law. Placing a "trust fund" between the people and the promise to provide for their retirement and healthcare was originally meant to give them a "legal claim" to the benefits, but Republicans have perverted the very method FDR and Johnson wanted to protect the programs from them.

We should expand Social Security benefits to provide dignity in old age and extend Medicare to all citizens without the needless premiums, co-pays, deductibles, or any other out of pocket costs regardless of age.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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