Want to create an interactive transcript for this episode?
Podcast: The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism
Episode: America on Debt Row Prime for a Voter Revolution www.usdebtclock.org
Description: America on Debt Row Prim for a Voter Revolution ... 248 years to turn debt and deficits into Death Row. Pass the plate borrow the difference. That's what institutional thinking gets you. A typical tax-exempt institution such as churches, NGO's, governmental entities pay no income taxes, property taxes, or sales taxes. So, they pass the plate to pay the preacher and the choir director then borrow the rest.
While American enterprises are required to pay operating costs and administrative expenses, then taxed on earnings and make a profit. Or they go bankrupt and can file a plan of quasi r...