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Old 12-05-2012, 12:53 AM
 
Location: the very edge of the continent
88,532 posts, read 44,242,189 times
Reputation: 13497

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Hey, at least Obama is an equal opportunity anti-business president:
HuffPo: Obama Sneaks Job-Killing, Anti-Minority Small-Business Policy Past Mainstream Media
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Old 12-05-2012, 12:59 AM
 
Location: Prepperland
18,826 posts, read 14,010,419 times
Reputation: 16483
Quote:
Originally Posted by EinsteinsGhost View Post
Rather amusing to see people looking at Articles of Confederation or Declaration of Independence for establishing legal framework for the government, in the same tone as US Constitution.

Article I, Section 8:
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States
Amusement notwithstanding, no American government instituted to secure rights can tax rights. For if they had the power to tax rights, they would be able to diminish them. Therefore, the only thing subject to tax are privileges.
And as to disbursing funds to charity, in law, that makes the recipient into a pauper, an excepted class, and a status criminal.
That's something few realize when they sign up with FICA... a voluntary program.
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Old 12-05-2012, 01:03 AM
 
Location: Prepperland
18,826 posts, read 14,010,419 times
Reputation: 16483
Quote:
Originally Posted by C. Maurio View Post
Most of the people in this country work quite hard for what we have. We work more hours and have fewer days off than any other industrialized nation on the planet. We get far fewer programs and benefits from our government than most other first world nations. Europeans work 36 hours a week, get 6 weeks of vacation and enjoy superior low cost- and no cost- health care and get to retire at age 60. The same for Austrailans and Scandanavians. Eeven the "industrious" Koreans and Japanese work less hours and get more from their government than we Americans do. So we are not "takers". We just want what we pay for. Nothing wrong with that.
http://www2.tbo.com/news/opinion/201...-co-ar-341112/
Nearly 60% of American families are wholly dependent upon government, for their salaries, pensions, and/or entitlements.
That is a majority of "takers", not "makers".

As to "getting what we pay for"... if you thought FICA was “insurance” for you, oops.
In two important cases, Helvering v. Davis and Flemming v. Nestor, the U.S. Supreme Court ruled that Social Security taxes are simply taxes and convey no property or contractual rights to Social Security benefits. Benefits are at the sole discretion of Congress. FICA is a "Tax and Bribe" scam that is now a sacred cow, and will be instrumental in the downfall of the USA.
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Old 12-05-2012, 04:07 AM
 
Location: Prepperland
18,826 posts, read 14,010,419 times
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Congress is not stupid. They can't spend their way out of deficits, but they can't get re-elected if they cut the bribes (ahem) entitlements.
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Old 12-05-2012, 04:59 AM
 
Location: Whoville....
25,386 posts, read 35,393,971 times
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Quote:
Originally Posted by jetgraphics View Post
Congress is not stupid. They can't spend their way out of deficits, but they can't get re-elected if they cut the bribes (ahem) entitlements.
People don't get that this is all about them keeping their jobs.

If the average American had one inkling as to what is really good for them, most politicians would not be in office. The problem is people buy what they're selling so they keep selling it so they can keep getting paycheck. Sadly, someone who actually had our best interest at heart wouldn't get elected in the first place.

The average American voter is like a kid in a candy store. They have no idea what is good for them and what will make them sick. They want the candy. They're not headed for the fruit market next door and anyone who tries to lead them there is going to be out in a heartbeat. So, politicians play the game to stay in office.

The funny thing about making your bed is that YOU are the one who gets to lie in it.
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Old 12-05-2012, 05:05 AM
 
Location: Prepperland
18,826 posts, read 14,010,419 times
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Quote:
Originally Posted by Ivorytickler View Post
People don't get that this is all about them keeping their jobs.

If the average American had one inkling as to what is really good for them, most politicians would not be in office. The problem is people buy what they're selling so they keep selling it so they can keep getting paycheck. Sadly, someone who actually had our best interest at heart wouldn't get elected in the first place.

The average American voter is like a kid in a candy store. They have no idea what is good for them and what will make them sick. They want the candy. They're not headed for the fruit market next door and anyone who tries to lead them there is going to be out in a heartbeat. So, politicians play the game to stay in office.

The funny thing about making your bed is that YOU are the one who gets to lie in it.
Simple fix:
No recipient of public funds can vote in any election for a period no more than two years after the last receipt.
"Beggars can't be choosers!"

Under that restriction, the elected officials would have no incentive to pander to the recipient class.
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Old 12-05-2012, 05:39 AM
 
Location: Prepperland
18,826 posts, read 14,010,419 times
Reputation: 16483
Quote:
Originally Posted by Memphis1979 View Post
What is the US debt? The United States accumulates debt by selling treasury bonds.

What does social security tax money buy? US treasury bonds.

We will never have 0 debt.

Is it a good idea to decrease the debt to GDP ratio? Yes, most certainly, it makes your money worth more to do so. Should we or can we eliminate the national debt? Nope.
Actually, no money has circulated since 1933.
A Federal Reserve Note (dollar bill) is an IOU. (See Title 12 USC Sec. 411).
REAL MONEY - Money which has real metallic, intrinsic value as distinguished from paper currency, checks and drafts.
Black's Law Dictionary, Sixth Ed. p. 1264

MONEY - In usual and ordinary acceptation it means coins and paper currency used as a circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W. 2d 74, 79, 81.
Black's Law Dictionary, Sixth Ed. p. 1005

NOTE - An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of money at a specified time. An instrument that is a promise to pay other than a certificate of deposit. U.C.C. 3-104(2)(d)
Black's Law Dictionary, Sixth Ed. p. 1060
A "dollar bill" is not a dollar, nor is it money, since money does not embrace notes (debt).

How bad is it? The public debt, in terms of gold bullion, computes to over 800 billion ounces of gold stamped into coin.
  • Problem #1 : Fort Knox Depository (allegedly) holds 147.4 million ounces of gold (approx. $2.9 billion gold dollars worth).
  • Problem #2 : World wide supply of gold is estimated at 5.2 billion ounces. ($104 billion dollars worth).
  • Problem #3: World wide mining (2011) : 88 million oz production ($1.7 billion U.S.) At that rate, for Americans to pay off the national debt, currently 16.25 T dollars, would require them to acquire all the worlds gold for the next 9,500 years - IF - the debt and interest were frozen RIGHT NOW.
As to the quaint image of falling off a cliff - we're about to go SPLAT.
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Old 12-05-2012, 07:04 AM
 
Location: Long Island, NY
19,792 posts, read 13,871,832 times
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I don't see why a yellow metal is any more "money" than a piece of paper recognized as money; a string of beads or shiny rocks. Money is what is accepted for trade.
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Old 12-05-2012, 07:17 AM
Status: "Ephesians 6:12" (set 11 days ago)
 
44,978 posts, read 26,128,380 times
Reputation: 24724
Quote:
Originally Posted by MTAtech View Post
I don't see why a yellow metal is any more "money" than a piece of paper recognized as money; a string of beads or shiny rocks. Money is what is accepted for trade.
because those things cannot be magically created out of thin air and manipulated by gangs called governments, like fiat currency.
Anyways,send me all your unwanted gold and gems, I'll private message you my address.
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Old 12-05-2012, 07:30 AM
 
Location: Long Island, NY
19,792 posts, read 13,871,832 times
Reputation: 5661
Quote:
Originally Posted by Frank DeForrest View Post
because those things cannot be magically created out of thin air and manipulated by gangs called governments, like fiat currency.
Anyways,send me all your unwanted gold and gems, I'll private message you my address.
Gold's price is highly influenced by new finds, new mining techniques and changes in dentistry -- in other words, nothing to do with the strength of the dollar. Gold as a standard for currency, is locked in the past, where it belongs.
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