Jon Davis's definitions

debt money

Money that is borrowed, or money that has a negative value, as with an invoice or bill but with a facade of having inherent tangible value.

$USD currency is debt money.

by Jon Davis January 14, 2004

lack

The state of being negative. Void.

This chocolate lacks sugar; it isn't sweet!

by Jon Davis January 14, 2004

federal debt

The perpetual and perpetually increasing debt that the United States of America has due to the federal government's unlimited debting power with the Federal Reserve.

Federal deficit.

The federal deficit will never go away as long as we have the Federal Reserve and as long as the Fourteenth Amendment exists.

by Jon Davis January 14, 2004

USC

United States Code

The laws of the federal government established by Congress.

26 USC is the federal income tax code, or the Internal Revenue Code (IRC)

by Jon Davis January 14, 2004