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Pete Stark and The National Debt Delusion

September 4th, 2009 by Alex

This is quite amusing if you haven’t already seen it. It is an old interview with Congressman Pete Stark Representative of California’s 13th district. The interviewer calls Stark on his B.S. economics regarding the National Debt and he refuses to explain them — since he can’t. The more wealth the nation creates the more debt it creates — both public and private. So there is truth to what Stark says, but it isn’t a positive thing as he tries to claim. It is just symptomatic of the insanity behind the modern debt monetary system.

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