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Subject: Letter to the editor regarding debt reduction

Release date: upon receipt

contact:  _____________

On 2-18-10 President Obama issued Executive Order 13531 creating the National Commission on Fiscal Responsibility and Reform. In part it reads: “the Commission shall propose recommendations designed to balance the budget, excluding interest payments on the debt, by 2015.”

Mathematically, there's no way to balance the budget in the long term if “interest payments” are off limits. This is due to the monetary policy set by the privately owned, deceitfully named bank called the Federal Reserve System upon its creation. This policy was described in an 11/1/82 Dept. of Treasury letter saying “the actual creation of money always involves the extension of credit by private commercial banks" (i.e. we have no money in America; only debt as medium of exchange) and a 1/6/83 Treasury letter saying "money to pay the interest on borrowed money comes from the same source other money comes from;" i.e., the interest must also be borrowed. This is a compound interest problem and can only result in a exponential increase in our nation's debt.  It’s this ungodly and unconstitutional policy that is in conformance with the fifth plank of the Communist Manifesto that is largely responsible for America’s economic and cultural woes!

The result of this ungodly, unconstitutional, and mathematically unsustainable monetary policy is that Americans now owe over $100 trillion in public and private debt and unfunded obligations. The 'money' supply to service these obligations is about $7.5 trillion.”

Conclusion: Under this unconstitutional and ungodly monetary policy Americans can never pay their combined public and private debts as the sum of them cannot be made to equal their sum plus the average rate of interest on them times time.

end of letter to editor


Following is a proposed Resolution for consideration by local and/or county TAB teams. Another is at


Whereas President Obama has created a National Commission on Fiscal Responsibility and Reform “to confront the nation's growing debt in the face of congressional inaction” and

Whereas, it's mathematically impossible for Americans to repay their debts under current monetary policy and

Whereas it’s urgent and essential an honest evaluation of America’s “economic crises” be conducted leading to the development and implementation of a National Economic Recovery Program based upon solid logic and sound mathematical principles,

Be it Resolved the ___________ county chapter of the RELIVING 1776 Initiative’s  Take America Back (TAB) team requests the Governor and state legislators of the state of ____________ recognize that as a Principal to Constitution, our state is responsible for its proper interpretation and implementation and that its elected officials have a fiduciary responsibility to assure the Federal government acts to secure for Americans their unalienable rights to Life, Liberty and an opportunity for Happiness which, according to the Declaration of Independence is the purpose of government,

Be it further Resolved that Governor _________ and/or the legislature of the state of ___________ appoint an ad hoc committee comprised of randomly chosen voters having subpoena power to carry out the mission of the President’s Commission as cited in Sec.4 of the EO with the exception that everything, including the interest payments on the Nation’s debts, are on the table.


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Walter L. Myers

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