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That would be great.
I hate the entire concept of day care (preferring one parent stay at home).
When my kids were born we made the decision to have my wife stay home with them until they started school, so I supported us.
We did without some things, but we knew we would. We couldn't afford to go to resorts for vacations, so we bought a tent and took off to different places every year. We ended up camping all over the country and visiting 41 states, Canada, and Mexico.
The experience of having Mama at home with the kids made a profound difference in the kids. If you get mine together with their cousins who went into daycare at six weeks there is a world of difference.
That was in the 80s. I don't regret a nickel of the money we didn't have. I'd do it again the same way in a heartbeat.
A good place to start would be Obama's current budget. Start hacking that spending spree. You can get billions from cutting new government jobs, green spending, etc.
California is looking at some good ways to cut entitlements, they have no other choice.
Clearly you've spent much time studying Obama's budget.
+4 Billion
Disaster relief (not previously listed in the budget
+27.8 Billion
Expand net operating loss carryback
(tax cut for business)
+39 Billion
Medicare
+50 Billion
Social Security
+58 Billion
Medicaid
+81 Billion
Other appropriated programs
Includes $70 billion cost of AMT adjustment to inflation.
This is another transparency deal
+104 Billion
Department of Defense, including wars cost
+202.3 Billion
Stimulus
+247 Billion
TARP
+250 Billion
Placeholder for potential additional financial stabilization efforts
I've bolded the single item that has been added since Obama became president. The rest are simply listing expected costs for things that previously were not listed in the budget under the previous administration - and TARP.
If you don't like the increased defense spending, say that.
Or if you don't like the increased transparency, say exactly that.
So when you speak of spending, you can feel safe to go ahead and specifically target the stimulus, or it just sounds like you haven't done any reading on the subject.
Though targeting something designed to improve our economy (up to 10% GDP increase over next 3 years, according to CBO) is silly in this discussion.
This board is full of complaints about the increasing National Debt. What would your proposal be to pay down the deficit? Whatever it is will involve taxes, since the government has no money of its own. The poor have no money to get. You either have to increase the tax base in both breadth and depth, or you have to tax existing wealth.
For those who don't like the Stimulus, and for those who do:
Is there a good plan for increasing the amount of money available in the economy to be taxed, or should we simply tell our creditors to take a hike? Would you like to move the decimal in our currency over a place to accommodate your plan? Educate us in what we SHOULD be doing instead of simply taking pot shots.
It's easy to sit behind a fence and throw snowballs over it and whine. Offer something constructive as a counterpoint to the current situation.
I think the country is past the point of no return. The federal government has to borrow almost 1/2 of the budget just to function and it ain't getting any better. We have failed to understand the law of exponential growth, and the only way out is one of many doomsday scenarios. Take you pick on which one.
Funny because bonds were supposed to turn around today. Yields were down for a bit, now they're up. No one wants to fund our debt. Watch how quickly the yields rise when the Fed buys up more treasuries.
Moody's will hesitate to lower the debt rating. It's already below AAA, just not officially. It's not a giant leap to consider the relationship and bias between a rating agency and the Treasury, especially as the government gets more opaque on a daily basis.
Going out on a limb here but, I have a few ideas (they have worked well for me)
1) stop throwing money at sinking ships
2) stop supporting bad behavior
3) stop giving my money to people who can participate but choose not to
4) don't spend more than you can afford
5) bailing people out only enforces and encourages continued bad behavior want a bailout, I want all the stuff you got for getting yourself into the mess (boats, houses, planes, cars, condos) they are now ours and for sale to cover your debt
It seems so simple but has continued to elude those geniuses in charge.
Though targeting something designed to improve our economy (up to 10% GDP increase over next 3 years, according to CBO) is silly in this discussion.
"Silly" and GDP in the same sentence is appropriate. Since 1933, there have been no dollars in circulation. Federal Reserve notes, pursuant to Title 12 USC Sec. 411, are not dollars, but notes denominated in dollars (payable on demand). That promise was repudiated in House Joint Resolution 192, in 1933. That's why no bank will redeem FRNs with lawful money. Any measurement using FRNs is questionable, since they're a variable, not a constant. They incrementally lose buying power (aka inflate retail price).
The national debt, however, is denominated in real dollars, and that translates into an impossible debt, far exceeding the world stock of bullion requried for coining.
Since FRNs are debt, and debt cannot pay debt, "paying off" the national debt is impossible at this time.
Recapping: constitutional money is either gold or silver coin. In 1933, the Federal government ceased to redeem their notes with money, went bankrupt, and was reorganized for the benefit of the creditor.
In case you were unaware, the U.S. Governor of the "BANK" and "FUND" (World Bank and IMF) is the Secretary of Treasury. You agreed to his rules, when you signed up for usury in the Federal Reserve system.
Why is that a problem?
Title 22 USC Sec. 286a (a) Governors and executive directors; term of office
The President, by and with the advice and consent of the Senate, shall appoint a governor of the Fund who shall also serve as a governor of the (World) Bank, and an executive director of the (International Monetary) Fund and an executive director of the Bank....
(d) Compensation for services Appointments (1) No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor, executive director, councilor, alternate, or associate.
According to page 494 of the U.S. Government Manual, 1993/1994 edition:
"In addition , the Secretary (of Treasury) has many responsibilities as chief financial officer of the Government. The Secretary serves as Chairman pro tempore of the Economic Policy council and as _U.S. Governor_ of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, and the African Development Bank."
Bank holiday of 1933. Presidential Proclamation No.2039, issued March 6, 1933, and No. 2040, issued March 9, 1933, temporarily suspended banking transactions by member banks of the Federal Reserve System. Normal banking functions were resumed on March 13, subject to certain restrictions. The first proclamation, it was held, had no authority in law until the passage on March 9, 1933, of the ratifying act (12 U.S.C.A. Sec. 95b). The present law forbids member banks of the Federal Reserve System to transact banking business, except under regulations of the _Secretary of the Treasury_, during an emergency proclaimed by the President. 12 U.S.C.A. Sec. 95.
Black's Law Dictionary, Sixth Edition, p. 146
Though the president may select the Secretary (Timmy G.) and Congress rubber stamps the selection, by law, he is not paid by us (The U.S.). He is paid by his employer, the creditor of the bankrupt U.S. government. BTW - the fiduciary agent for the creditor is the Federal Reserve Corporation. And the Federal Reserve is also the agent for the United Nations.
And every American who signed up with national socialism (via FICA) is a "human resource" pledged as collateral on that impossible debt. Which makes each enumerated American an obligated party on those FRNs. That's how they can function as "legal tender" - obligated parties cannot object to the tender of their own notes, to discharge debt.
Clearly you've spent much time studying Obama's budget.
+4 Billion
Disaster relief (not previously listed in the budget
+27.8 Billion
Expand net operating loss carryback
(tax cut for business)
+39 Billion
Medicare
+50 Billion
Social Security
+58 Billion
Medicaid
+81 Billion
Other appropriated programs
Includes $70 billion cost of AMT adjustment to inflation.
This is another transparency deal
+104 Billion
Department of Defense, including wars cost
+202.3 Billion
Stimulus
+247 Billion
TARP
+250 Billion
Placeholder for potential additional financial stabilization efforts
I've bolded the single item that has been added since Obama became president. The rest are simply listing expected costs for things that previously were not listed in the budget under the previous administration - and TARP.
If you don't like the increased defense spending, say that.
Or if you don't like the increased transparency, say exactly that.
So when you speak of spending, you can feel safe to go ahead and specifically target the stimulus, or it just sounds like you haven't done any reading on the subject.
Though targeting something designed to improve our economy (up to 10% GDP increase over next 3 years, according to CBO) is silly in this discussion.
the bailouts have been a failure and the stimulus has been a failure. WHERE DID THE MONEY GO? we threw billions at GM and chrysler and they are still going bankrupt and closing up shops. WHERE IS THAT MONEY? http://www.autoblog.com/2009/05/28/a...res-on-monday/
we threw billions to try to stop foreclosures and foreclosures are at record pace now. WHERE IS THAT MONEY? http://www.realtytrac.com/ContentMan...=9&ItemID=4566
we threw billions at the banks to "save the country", yet our GDP is NEGATIVE. http://www.bea.gov/newsreleases/nati...ewsrelease.htm WHERE IS THAT MONEY?
it is just like the first stimulus, which was barely a blip on the economic radar. it is about time that someone had the courage, AND I DON'T CARE WHICH PARTY THEY BELONG TO, to stop this train wreck of an economy and stop doing things that do not work!!!!
plus, there should be an investigation into who got the money and those people should be in jail!
by the way, the fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.131 million. that is after we have had all of the so-called stimulus hiring programs implemented and decided to send troops into afghanistan as well........
Last edited by floridasandy; 05-28-2009 at 12:36 PM..
It's a valid question. But it is more bizarre than you realize. Pursuant to the constitution, only gold and silver coin are lawful money. However, the repudiated debt-credit notes circulating as "dollar bills" are legal tender because 300 million Americans signed up to be "human resources" pledged as collateral on that debt. As each enumerated American is an obligated party, under the law of notes, no one can object to their tender, in discharge of debt. (Debt cannot pay a debt - only discharge it)
LAWFUL MONEY - "The terms 'lawful money' and 'lawful money of the United States' shall be construed to mean gold or silver coin of the United States..."
Title 12 United States Code, Sec. 152.
Federal Reserve Notes are issued under the authority of Art 1 Sec 8 power to borrow on the credit of the United States.
Article 1, Section 8. U.S. Constitution.
The Congress shall have Power ...To borrow Money on the credit of the United States;
(No, Congress does not have the power to CREATE money. If it did, why would it need to BORROW it?)
"Federal reserve notes are legal tender in absence of objection thereto."
MacLeod v. Hoover (1925) 159 La 244, 105 So. 305
U.S. National Debt Clock
The Outstanding Public Debt as of 30 May 2009 at 07:43:06 AM GMT is:
The estimated population of the United States is 306,274,543
so each socialist's share of this debt is $36,950.53.
(* this is only payable in gold or silver dollars, not paper!)
To make matters worse, in 2007 and 2008, Congress borrowed MORE than it paid in interest on the outstanding public debt. At some point, 'investors' are going to realize that they're being paid with funds from new suckers -ahem- new investors.
This board is full of complaints about the increasing National Debt. What would your proposal be to pay down the deficit? Whatever it is will involve taxes, since the government has no money of its own. The poor have no money to get. You either have to increase the tax base in both breadth and depth, or you have to tax existing wealth.
For those who don't like the Stimulus, and for those who do:
Is there a good plan for increasing the amount of money available in the economy to be taxed, or should we simply tell our creditors to take a hike? Would you like to move the decimal in our currency over a place to accommodate your plan? Educate us in what we SHOULD be doing instead of simply taking pot shots.
It's easy to sit behind a fence and throw snowballs over it and whine. Offer something constructive as a counterpoint to the current situation.
I love the new contrite tone from the blame-everything-on-Bush left. It's refreshing to see them beginning to understand that they've been told nothing but lies by the BO administration and they have truly screwed-up by electing him. I call that progress. So I guess you don't approve of the new $1.8 trillion deficit that the Democrats created.
OK, since you asked for a serious answer to your question, I'll give you one.
Cut spending in a huge way. Lower taxes on the poor and working classes since they spend every penny they get. A payroll tax holiday would help. Give every student in the US a $7500 voucher to spend at their school of choice. This is the going rate at both religious and secular private schools all over the country and about half what the public schools use. This would also have the added advantage of attracting foreign investment since we wouldn't have some of the the stupidest kids on the planet any longer. Lower taxes on industries that export. Drill for oil, mine coal, build nuclear power plants, reindustrialize America. Get rid of excessive corporate taxes, fuel taxes and talk of carbon taxes. They just make manufacturers think America is a risky place from which to operate. The federal government needs to do only those things spelled out specifically by the Constitution and allow the states to handle the rest. That is the only government the Founders had in mind when they wrote the Constitution, and it is the only one we need now. Expanding government has always created more problems than it has solved.
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What Should We Do About The National Debt?
