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Old 03-04-2022, 02:38 PM
 
Location: West Des Moines
1,272 posts, read 1,235,705 times
Reputation: 1706

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Quote:
Originally Posted by ChileSauceCritic View Post
Simple, print more money and put it in the treasury.
To repeat what I said previously, "Inflation is a tax, too. Your proposal to monetize the debt steals from every paycheck, by reducing the purchasing power of every dollar you earn."

I would add that it also steals from any savings that you've managed to accumulate in the past.

I don't know why this is so hard to understand.
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Old 03-04-2022, 02:45 PM
 
10,864 posts, read 6,397,422 times
Reputation: 7959
national budget cannot be balanced,we will run a perpetual deficit until end of the world,then nothing matters .
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Old 03-04-2022, 02:50 PM
 
Location: Paradise
4,866 posts, read 4,164,702 times
Reputation: 7706
Quote:
Originally Posted by jvalens View Post
Let's say you were tasked with getting rid of budget deficits for the U.S. government. They want an annual surplus from now on.

You have been given semi-dictator powers for this task, so you may use any means necessary to accomplish your goal. (ex. You can shutdown entire departments, get rid of NATO, terminate pension funds, etc.)

It doesn't have to be anything that extreme, but you can do whatever you want.

What do you do?
Nah - I want temporary full on dictatorship!

Temporarily eliminate Congress so that we can institute multiple amendments (voted on in regular elections) like line item veto, political term limits, concentrate federal dollars on some items like defense (provide for the common defense); and allow some agencies to continue to provide some basic minimal standards for states to follow (i.e federal code). Before turning over many of the programs and enforcement of such to the states, institute a program that automatically enforces current tax and other rules to collect all arrears owed to the government (how much back taxes does Al Sharpton owe?).

After all that, turn over most programs to the states (environmental issues, education, anything not SPECIFICALLY noted in the Constitution without major somersaults to make the words fit a specific definition.

Then we can start over with regular elections to re elect Senators and Congress and President and Vice President.

That's obviously a very quick list...but it's a start.
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Old 03-04-2022, 06:42 PM
 
17,876 posts, read 15,833,564 times
Reputation: 11656
Quote:
Originally Posted by J Baustian View Post
Inflation is a tax, too. Your proposal to monetize the debt steals from every paycheck, by reducing the purchasing power of every dollar you earn.
Wait what? How is my proposal monetizing debt? How will it steal from every paycheck by reducing purchasing power of every dollar I earn?
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Old 03-09-2022, 10:38 PM
 
1,040 posts, read 868,522 times
Reputation: 6634
raise federal tax for the uber rich to reagan era rates.

bring minimum wage to $15 an hour.

stop invading weaker nations

cut out as much red tape as possible on starting a business, building on your own land,keeping goats, chickens in backyard etc.

universal health care for all. train lower income people to stop going to the emergenccy room with earaches and stomach bugs

more support for high schools that give college credits, include training in trades which the kids would be employable upon graduation, teach entrepeneurial skills and how to grow money
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Old 03-10-2022, 12:11 PM
 
8,181 posts, read 2,771,041 times
Reputation: 6016
Disband all government agencies and programs that have not created net value-add to the economy (Value add created > Money spent) with immediate effect.

There, the federal budget is now $0.
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Old 03-10-2022, 12:22 PM
 
Location: Prepperland
18,923 posts, read 14,106,901 times
Reputation: 16636
IF I were elected emperor of the united States of America, I would repeal the 14th amendment, clause 4, which prevents challenging the validity of the public debt.

THEN I would ask where the 30 trillion dollars (gold) are, that were lent to CONgress.

SINCE there isn't 30 trillion dollars in gold in existence (mined, and above ground), the debt is obvious fraud.

Denouncing the debt as bogus, voids all obligations associated with it, which also voids all federal reserve notes (dollar bills).

Billionaires become zero-aires overnight.
(D'Oh!)

Of course, we can't go back to gold coin based money system because coining all the gold held by the government only amounts to $9.20 per capita.

Danged if we do and danged if we don't.

Last edited by jetgraphics; 03-10-2022 at 12:48 PM..
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Old 03-10-2022, 05:03 PM
 
18,227 posts, read 16,837,164 times
Reputation: 7528
Quote:
Originally Posted by jvalens View Post
Let's say you were tasked with getting rid of budget deficits for the U.S. government. They want an annual surplus from now on.

You have been given semi-dictator powers for this task, so you may use any means necessary to accomplish your goal. (ex. You can shutdown entire departments, get rid of NATO, terminate pension funds, etc.)

It doesn't have to be anything that extreme, but you can do whatever you want.

What do you do?

The Federal government has something on the order of 250 trillion dollars in assets. We have to start selling off some of that to get the national debt down to a manageable level. Then raise tax rates on the wealthiest 5% of the people and corporations and sadly start cutting back on some entitlements.
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Old 03-11-2022, 03:08 PM
 
Location: Prepperland
18,923 posts, read 14,106,901 times
Reputation: 16636
Quote:
Originally Posted by thrillobyte View Post
The Federal government has something on the order of 250 trillion dollars in assets. We have to start selling off some of that to get the national debt down to a manageable level. Then raise tax rates on the wealthiest 5% of the people and corporations and sadly start cutting back on some entitlements.
Assets held in the public trust, like 28% of all land, national parks, forts, ports, and post offices, are not available for "selling off" to satisfy creditors.
Ditto, for military assets, like aircraft carriers, B52 bomber wings, and innumerable foreign bases and enclaves.
BTW - Pursuant to title 12 USC Sec 411, dollar bills (worthless IOUs since 1933, HJR 192) are not dollars (gold coin). By law, debt cannot pay debt. Minus plus minus = more minus.
The cash value of all gold held by gubmint (Ft Knox, etc), if stamped in compliance with the Coinage Act of 1792, et seq, would only amount to 5 billion dollars (not dollar bills).
Assuming the valuation of assets in dollar bills is misleading.
Why else did they stop using copper in cents? The value of real copper cents exceed the virtual value of worthless IOUs.
Oh, right, how did worthless IOUs become "legal tender"?
Well, 12 USC Sec. 411 says that the gubmint is an obligated party, and must accept their own notes (debt) to discharge obligations owed to them (taxes, etc).
Can you guess how YOU became an obligated party on the 30+ trillion dollar national debt?
Hint: Involves volunteering and an account with a string of nine numbers.
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Old 03-11-2022, 07:07 PM
 
Location: MD's Eastern Shore
3,670 posts, read 4,809,848 times
Reputation: 6346
Stop paying Illegals, most welfare and for Christ sakes stop sending money to foreign country's that hate us. As a matter of fact, no foreign aid for anybody else until ALL problems in our country are fixed!
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