It is impossible to pay off our National Debt without EXTREME tax increases (unemployment, minimum wage)

[pvande55]

It is politically impossible to raise taxes, especially on campaign contributors, and almost as difficult to cut entitlements. Either the economy needs to grow on steroids or it will be time to turn to the printing press.

[NSHL10]

Maybe because the money poured into education via public schools hasn't seemed to help improve test scores or produce more educated students. It just got unions more money to further bribe politicians into giving them better and more lucrative pensions and benefits.

If we really are interested in improving the education of students, we would fund private schools and charter schools who show good results. End the monopoly of education by the poorly performing public schools. Set up private schools for gifted students, taught by exceptional teachers (not deadwood union lackeys who are there because of seniority). Get people who work in the fields of science, biology, mathematics, engineering to teach some courses to help bring excitement and interest to the subject matter.

There are plenty of ways to improve education in this country. The problem is none of them are acceptable to the teachers' union, so they aren't implemented.

[Weekender1968]

Originally Posted by clb10

Why do working class conservatives obsess over protecting the income of millionaires while trying to cut funding for schools and the elderly like OJ with a knife?

I don't get it.

They don't get it either

The average person making less than 100K a year is completely unaffected by the majority of our tax code, it is written to favor the rich.

On paper it looks like the wealthy pay more of their income in taxes than does the one making 100K or less. In reality, the wealthy has numerous ways to shelter the money they have from taxes.

If a wealthy person's tax return shows that they have 3 million of "taxable income", they probably made 3 or 4 times that in reality. I can't say these are rock solid figures, but they are not ridiculous either. It is the way they are allowed to "shelter" monies that causes this.

Like when Bush removed the capital gains tax, all a big investor had to do was keep moving his money and he had no income. And since capital gains were not taxed, he could theoretically make millions without paying a single cent in taxes.

[malamute]

The economy is simply too fragile for more taxes. It's far too risky destroying what's left of the productive sector by draining it dry.

Cut spending is the way to improve the economy - and there is no way anyone can't believe that spending cannot be cut. The government is spending massive amounts of money and we're not getting much benefit.

[bugguy]

Cut foreign aid. Cut entitlements. Cut out BS to special interests. Etc. Of course there are only 1 or 2 politicians that have the guts or integrity to really work on solving the problem, and they're bad-mouthed and dismissed as kooks! And the American voter for the most part is really ignorant.

[SoCalbound12]

Originally Posted by clb10

National Debt, Budget Deficit Scary Forecast for Taxpayers: Obama to Sign Fiscal Reform, Economists Predict Cutbacks, Tax Increases - ABC News

The truth is we probably need to do both. We need to raise taxes and cut spending. The defense budget should be on the forefront of cuts, it's entirely too bloated and wasteful. Ending both of our wars would be a huge burden off our budget as well.

[Gottasay]

Sell all of our mineral rights -- not that I would want that to happen...

[hilgi]

Originally Posted by Gottasay

Sell all of our mineral rights -- not that I would want that to happen...

Just tax them. Basic Income for All People

[jetgraphics]

The "Public Debt" or "National Debt" is an example of the "Big Lie".

The reason in based in law.

The national or public debt of 14 trillion, which is denominated in dollars, represents an obligation to repay 700 billion ounces of gold, stamped into coin.

In case you haven't read the law, "Dollar bills" are not dollars. Pursuant to Title 12 USC Sec. 411, they're IOUs denominated in dollars. Since 1933, they have not been redeemable. In short, they're worthless (no par value).

Now, here's the warm up:
To authorize more "dollar bills", Congress has to increase the debt.
But no dollars were ever lent to Congress.
We know this to be a fact because :
A. Fort Knox has only 147.4 million ounces of gold, and
B. World Wide supply is (est.) 5.3 billion ounces - far short of the 700 billion that the 14 trillion DOLLAR debt represents.

The PITCH:
Those worthless notes are underwritten by 304 million Americans via FICA. So that means "Joe America" is an obligated party on those worthless notes, and he must accept them as "legal tender" in lieu of lawful money - which FDR stole in 1933.

The Swing:
Pursuant to Section 4, 14th Amendment, the validity of the public debt CANNOT BE QUESTIONED - even though it is impossible to repay.
Correction - based on current mining rates, it would take 87,000 years to mine enough - if the debt and interest were frozen right now.

So each enumerated "human resource", via FICA, is a surety on that debt, and all property is claimed by Congress to "back" their profligate ways.

YOU'RE OUT!

And we're outta here!
-----------------------------------
//www.city-data.com/forum/polit...hrive-die.html

http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
" Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."

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 (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."

After 77 years, it's time to end the emergency!

[AONE]

Actually , elimination of the Fed would be a great step. We could be debt free within 6 years with this simple act.

Ending useless occupations would be a solid second step.....