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Old 12-31-2012, 10:26 PM
 
Location: Michigan
12,711 posts, read 13,473,557 times
Reputation: 4185

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Quote:
Originally Posted by smittyjohnny38 View Post
If you truly care about the nation and future generations how can you justify tax increases with no spending cuts.
I'd love to cut the military budget by about 75%.
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Old 12-31-2012, 10:29 PM
 
45,201 posts, read 26,417,923 times
Reputation: 24964
Not mentally sick, but criminal enough to want what someone else has.
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Old 12-31-2012, 10:31 PM
 
Location: Prepperland
19,013 posts, read 14,188,739 times
Reputation: 16727
Quote:
Originally Posted by jetgraphics View Post
... And that was the end of the united States of America....
I wish I had other facts to change that conclusion.
After 79 years of intensive re-education by the world's greatest propaganda ministry, few Americans have a clue. I know I didn't despite extensive schooling in "government approved" education up to graduate school. Only after reading the law, available in any county courthouse law library, did I learn of the truth and the facts.
If you begin to read the law for yourselves, you might learn enough to forestall what is about to befall us.
But right now, I am pessimistic.
The USA is over and so is that pesky "charter of negative liberties" (saith BHO, that "constitutional scholar" in the White House, ably assisted by Chief Justice Roberts ). Your "right to life" has become a government granted privilege, as all other aspects of your life. All that is not mandatory, shall be licensed (+ taxed) or forbidden. You already need a license (or pay a tax) to live, work, travel, buy, sell, operate a business, transmit radio, fly a plane, trade in healthcare, buy medicine, cut hair, build a house, hunt, fish, marry and own a dog. The worst is yet to come... oh, right, and when you die, they take a chunk of your estate, too.
And do not forget your papers-s-s-s-s-s-s-s-s-s-s!
Welcome to the People's Democratic Socialist Republic of America.
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Old 12-31-2012, 10:32 PM
 
25,840 posts, read 16,515,156 times
Reputation: 16024
Taking away tax breaks that Bush gave the rich is cutting spending.
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Old 12-31-2012, 10:35 PM
 
1,724 posts, read 1,470,844 times
Reputation: 780
Cut the military and end the War on Drugs (I have been saying this for about a decade now). Do no cut SS. Unfortunately, Republicans love to blame the elderly.
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Old 12-31-2012, 10:35 PM
 
Location: NJ
18,665 posts, read 19,962,294 times
Reputation: 7315
[quote=jetgraphics;27569876But right now, I am pessimistic.
.[/quote]


You are overly pessimistic. We do need to slow the rate of our annual debt, but solid corps run on credit lines, even when they have the cash on hand to pay them off. We can run on borrowed money forever if we get the ratio of annual debt/GDP down, and it will to a large degree, right itself as the economy comes back.

The key thing to remember is if we look at the US ratio now, and projected long-term, we are still at healthier ratios than EU nations. Creditors wish to invest in the healthiest available option, and as bad as we are, we remain the healthiest option.
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Old 12-31-2012, 11:44 PM
 
Location: Prepperland
19,013 posts, read 14,188,739 times
Reputation: 16727
Quote:
Originally Posted by bobtn View Post
You are overly pessimistic. We do need to slow the rate of our annual debt, but solid corps run on credit lines, even when they have the cash on hand to pay them off. We can run on borrowed money forever if we get the ratio of annual debt/GDP down, and it will to a large degree, right itself as the economy comes back.

The key thing to remember is if we look at the US ratio now, and projected long-term, we are still at healthier ratios than EU nations. Creditors wish to invest in the healthiest available option, and as bad as we are, we remain the healthiest option.
We are healthy like a leper falling off the Empire State building, glad that he won't die of leprosy is healthy.

What you may not be aware of are certain facts. One is the Coinage Act of 1792, et seq, and the Federal Reserve Act of 1913, codified in Title 12 USC sec. 411.
Remember, the USCON requires that only gold and silver coin (lawful money) PAY DEBT.
A unit dollar is a silver coin.
A one ounce gold coin is equivalent to 20 unit dollars.
A "dollar bill" was a promise to pay face value IN LAWFUL MONEY until 1933, when the government went bankrupt, and repudiated their IOUs.
The public debt, denominated in DOLLARS, can never be paid off with "dollar bills" (IOUs). Debt cannot pay debt. Minus added to a minus is more minus.
Pursuant to law, the current 16+ Trillion debt computes to over 800 billion ounces of gold, stamped into coin.
Problem #1: Fort Knox only has 147.4 million ounces.
Problem #2 : Worldwide supply is only 5.2 billion ounces.
Problem #3: At current mining rates it would take 7000 years to mine enough to pay off the debt IF the principal and interest were frozen right now.
The reason why worthless IOUs are "legal tender" is due to FICA. What the government coyly didn't advertise was that participants became "contributors" equally liable on the public debt. Thus the notes became THEIR debts and as obligated parties, they could not object to their tender.
In other words, Congress has been kiting bad checks for 79 years and using YOU and YOUR property as collateral.
Don't believe me, here are THEIR OWN WORDS:

Legal Tender Status
" 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."
Translation: "Dollar bills" are worthless. This has been going on since 1933. They are backed by ALL YOUR goods and YOUR labor.

Of course, they omit HOW Congress got a claim upon you and your property. (Remember, private property cannot be taken - or pledged for public use - without just compensation - Fifth amendment)

And guess how they bypassed the limitations of the Constitution?
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."
Constitutional U.S.A. (1787 - 1933) R.I.P.

So you can see why I am pessimistic, since few Americans bother to read law or do math* anymore.
*(Usury is mathematically unsustainable in a finite money token system. The exponential equation used to calculate compound interest requires an infinite money supply. In essence, the whole economic system is based on fraud and scam. Plus, usury has been denounced for only 3500 years.)
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Old 12-31-2012, 11:48 PM
 
Location: southern california
61,288 posts, read 87,384,526 times
Reputation: 55562
someone that has nothing to lose.
45% of americans work the rest wait to be fed.
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Old 12-31-2012, 11:59 PM
 
22,653 posts, read 24,575,170 times
Reputation: 20319
Hey, the USA can print money until the cows come home.......and even longer......NO PROBLEM! Gold-plated Baby Momma Bennies for ALL!!!!!!!
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Old 01-01-2013, 12:33 AM
 
Location: London, NYC, DC
1,118 posts, read 2,286,214 times
Reputation: 672
Quote:
Originally Posted by PullMyFinger View Post
Taking away tax breaks that Bush gave the rich is cutting spending.
Haha that's funny, 'cos it's not a spending cut at all. Knowing Congress, both parties have no interest in really cutting the deficit, and any small revenues gained from the expiration of the Bush tax cuts (which should have never been put in place anyway) would just be spent again. Neither party seems to understand fiscal responsibility and both continue to spend out of control. We need to drastically curb defence and entitlement spending and overhaul the federal government by improving efficiency and trimming all unnecessary costs, while incentivising the private sector to pick up the work that doesn't need to be done by the feds.
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