National Debt and Money Supply

This is a fascinating debate at Debate.org:

http://www.debate.org/debates/The-United-States-National-Debt-is-the-Amount-of-Money-the-United-States-has-Created-not-Borrowed/1/

The debate:

The United States National Debt is the Amount of Money the United States has Created not Borrowed

Pro Position:
My position is that the United States National Debt is not how much the United States has "borrowed", but it is how much the United States has created.


Con Position:
If my opponent is correct that national debt = total amount of money created, then the total money supply should exactly equal the national debt. It doesn't.

The debate proceeds based on the fact that there is a dollar amount difference between numbers reported as National Debt and Money Supply.

The National Debt is equal to the nation's Money Supply

The National Debt is not equal to the nation's Money Supply

The con position takes the debate down into the weeds of numbers that do not jive so the fundamental issue gets lost in the weeds and it goes around in circles at that level.

The pro position is the one I vote for.  The con position's only defense is to take the issue down into conflicting number weeds.  This is a "bottom up assembly" approach that negates the top level statement because the numbers chosen at the bottom do not add up.

The pro position in order to defend has to specify what numbers are missing at the bottom that, when include, add up and validate the premise.  In order to do that acomprehensive  top down breakdown of the entire conceptual structure to the granular level is required.

Generally, the system was built from the bottom up to the benefit of the system designer(Banksters) as well as using the designer's framing of the problem domain in terms of debt (money borrowed)  rather than the framing of a system designer that has the public interest objective as the top level objective from which a top level breakdown to supporting elements is made to serve the top level proposition.

Bottom Up Assembly of a conceptual system is dominated by a high (variable from predominant to complete) degree of close relationship to the functional approach of what functional processes are required in relationship to other functional processes.  Things needed to do these processes are then created that own things upon which to operate.

Top Down Breakdown of a conceptual system is dominated by a high (variable from predominant to complete) degree of close relationship to the object oriented approach of what a thing is in relationship to other things.  Processes necessary to implement these relationship are then created.  They are created as methods (functions) owned by the objects in the system that are invoked by passing a message from one object to another.