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When did Obama get to be a prince? I thought he was King?
House writes bills, send bills to senate, if nothing is tweaked, the bills go to the prez. for signature into law, or VETOES the bill. Obama is still king. VETO PEN.
Funny thing about that act - it violated the U.S. Constitution.
Oh, right, we don't need no stinkin' constitution.... just a piece of paper!
Congress, in 1965, passed the "Coinage Act of 1965" completely debasing the Constitutional Coin (gold & silver, i.e. Dollar)]. [See: 18 U.S.C.A. 331 & 332, U.S. vs. Marigold, 50 U.S. 560, 13 L. Ed. 257] At the signing of the Coinage Act on July 23, 1965, Lyndon B. Johnson stated in his Press Release that:
"When I have signed this bill before me, we will have made the first fundamental change in our coinage in 173 years. The Coinage Act of 1965 supersedes the Act of 1792. And that Act had the title: An Act Establishing a Mint and Regulating the Coinage of the United States ..." "Now I will sign this bill to make the first change in our coinage system since the 18th Century. To those members of Congress, who are here on this historic occasion, I want to assure you that in making this change from the 18th Century we have no idea of returning to it."
It is important to take cognizance of the fact that NO Constitutional Amendment was ever obtained to FUNDAMENTALLY "CHANGE," amend, abridge, or abolish the Constitutional mandates, provisions, or prohibitions. Congress and the administration became counterfeiters and they even reduced the punishment for counterfeiting - just in case they were called out.
Senate Report 93-549
War and Emergency Powers Acts
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."
Mr tech, you have pretty pictures but you cannot undo that it is just and excuse and we all know what those are like.
Mr. Obama has been president for 4 years. He has done NOTHING to avoid the DANGER we are faced with. John McCain is not even a blister on the hind end of a 3 toed sloth. MR OBAMA is the president sir.
and MR OBAMA is the one who has ballooned the national debt and Mr. OBAMA's policies are the reason that instead of dealing with the issue we are increasing the rate of incurring NEW DEBT.
your pretty pictures sucks rotten eggs. and doesnt tell half a truth in the process.
Quote:
Originally Posted by TrapperJohn
Ooh look - a pretty picture!
Those "pretty pictures" represent numbers and facts (something people who blurt out mere opinions lack.)
But I guess you missed the overall point, namely, when one says that Bush lowered taxes and revenue went up, one has to look at the numbers. What the numbers say is that revenue immediate went down and coincidentally years later went up. Then one has to ask, "was that revenue years later due to those tax-cuts?" To answer that question, one has to look at other factors happening at the same time. What were those facts? One was inflation and another was population growth. So, removing those factors gives us a view of what the tax-cuts alone did. When we do remove those factors we see revenue did not rise due to the tax-cuts and would likely be far higher if they didn't lower taxes.
Really, anyone can make assertions about what happened but only looking at it the way a scientist would look at it yields the truth.
Whether Obama was president went certain things happened doesn't mean he was responsible for those things happening -- no more than Bush, who was President on 9/11/01 is responsible for the terrorist attack.
Until the Debt Limit law is rescinded, the coin is certainly a good work around. What would be the difference between a coin and extending the ceiling law?
Until the Debt Limit law is rescinded, the coin is certainly a good work around. What would be the difference between a coin and extending the ceiling law?
No practical difference at all. No other country requires their government to approve deficit spending and then vote to pay for what they previously spent.
Actually Bush managed to spend as much as the nation had spent in 240 years before him. Yes, it was irresponsible considering the fact that we were riding on good economic times and there was absolutely no need reason for it. The money was spent on handouts: unfunded tax cuts, massive expansion of medicare, no-bid contracts, and corporate welware. The need for emergency spending didn't kick in until 2008, which is when the current policies were started.
What I am seeing now is GOP and WH agreeing on some significant ideas, and that should be a good start.
Bush did spend too much, and he did open the flood gates, the point I'm making is both conservatives and liberals were upset with Bush's deficit spending, and we all spoke out against it, including John McCain. The difference is that now that it's a Democratic Party president, and he's spending three times as much in deficits as Bush spent, the only ones making noise about it are the conservatives.
The democrats are political partisans who have sold the country down the river. I think 0bama could become a Castro styled dictator, and the liberals would still find nothing wrong with it. 0bama has already done everything Bush did that make libs angry, and they are not concerned in the least. As long as 0bama pushes green energy, gay marriage and continues to engage in class warfare, the libs will allow him to get away with anything.
Bush did spend too much, and he did open the flood gates, the point I'm making is both conservatives and liberals were upset with Bush's deficit spending, and we all spoke out against it, including John McCain. The difference is that now that it's a Democratic Party president, and he's spending three times as much in deficits as Bush spent, the only ones making noise about it are the conservatives.
The democrats are political partisans who have sold the country down the river. I think 0bama could become a Castro styled dictator, and the liberals would still find nothing wrong with it. 0bama has already done everything Bush did that make libs angry, and they are not concerned in the least. As long as 0bama pushes green energy, gay marriage and continues to engage in class warfare, the libs will allow him to get away with anything.
You accuse others of partisanship, but all you'll ever do is make partisan comments like the one above.
I am encouraged by the fact that GOP and WH have found some common ground. For example both parties have said they will slash tax loopholes, deductions, corporate welfare and subsidies. That is a good start for the talks which are supposed to end in teo months. A sure way for GOP to ruin a good start would be to use the debt celing as a weapon to force their point. It seems GOP is diving into those like Boehner, who are willing to talk, and those who are only willing to disagree.
You need to do a Civics refresher. You are the one who don't have a 'dam' clue. The Government cannot spend beyond what Congress has authorized. The debt ceiling is an artificial limit imposed by Congress on the Government. So even with revenues coming in, The Government won't be able to use to it to service the debt as only Congress can authorize spending above this limit. We have already reached the limit hence Congress has to produce new legislation to raise the ceiling or the U.S. will default on its debts unless of course the President uses the 14th Amendment Option or the Platinum Coin to preserve the full faith and credit of the United States.
Pfft. That silly little Constitution. Requiring that the power to coin money and declare war has to be done by Congress (as representatives of "We The People"). Of course, I use the term "representative" loosely.
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