True.
This is why they created the IRS and Fed simultaneously.
Fed creates commercial paper out of thin air, loans it to govt.
Fed (not Treasury) creates a treasury bills at the same time (for the amount of the loan made to the govt), and then distributes the debt notes through cartel's financial network (80%+of domestic "debt" is held by domestic financial institution portfolios).
Part of the income tax is then used to service the interest on the debt notes, which were created out of thin air.
It's all just a big book keeping scam (debits and credits). Works the same way for private sector loans, only slightly different. Banks just have to manage the risk, ensure people keep paying-which is where the credit score comes in, and why they developed it.