Section 4 [of the 14th Amendment of the US Constitution]
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.I take it that Gordon questions the legality under the Constitution for permitting this "borrowing" because it wasn't "authorized by law".
A frequent theme among Congressional people and corporate media pundits is that Social Security is running out of money and is in crisis. Well--no wonder--with the use of these funds to offset taxes to the rich and fund our never-ending wars!
For decades the politicians have not only borrowed from Social Security to run the government, but 70% of the national debt has been borrowed from banks, financial institutions, corporations and rich individuals. The politicians borrowed because instead of taxing the rich banks and corporations, they cut their taxes. As a result, workers’ taxes and Social Security payments provide almost 90% of the federal government’s revenues.I particularly want to direct your attention to his reference to the Princeton University study which you can find here. The study reveals that democracy is fake like much else in our capitalist-run nation.
A 2014 study by Princeton University came to the conclusion that the majority of the American public actually has little influence over the policies the government adopts.
