They are not 'our' debts, you've been duped.
"Government debt is money spent by governments before they
confiscate it. Such debt has little meaning, since the evil is found
in the confiscation, and not the timing. However, given the
culture of democracies, people are taught the nobility of nations
and the loyalty of being a taxpayer. Governments know that they
can spend whatever they want today, and obligate you to pay for
it tomorrow.
The nature of national cultures is such that even when the
threshold of extortion is less than government spending, by the
time the debt comes due, cultures convince people that it is their
debt. In this fashion, they raise the threshold of extortion. People
are less likely to revolt or quit working when they are taught that
it is their nation, their debt and their moral obligation to pay."
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They are not 'our' debts, you've been duped."Government debt is...
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