Source: Libertarian Party
by Evan McMahon
“The next time you sign a mortgage, finance a car, or open a credit-card statement and wonder why the number keeps creeping upward, here is your answer: you are paying a tax that no one in Washington had the nerve to call a tax. Here is how the bill reaches you: the bond market — the millions of investors who lend the federal government its money — is getting nervous about lending to a government this deep in the red. When they get nervous, they demand higher interest, and the yield on the 10-year Treasury note climbs. That single number quietly sets what you pay on your mortgage, your auto loan, and your credit card. You never saw a ballot. You never got a vote. But the borrowing gets charged to your account all the same.” (06/05/26)