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Old 12-11-2012, 21:43   #41
Atlas
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Quote:
Originally Posted by certifiedfunds View Post
Taxing is not a way out. .
Tax is a means of control and social engineering, nothing else.


And you and I know quite well that we aren't "getting out of this mess"..
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Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY

Last edited by Atlas; 12-12-2012 at 04:17..
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Old 12-11-2012, 21:47   #42
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Quote:
Originally Posted by Atlas View Post
Tax is a means of control and social engineering, nothing else.

Thank you for pointing that out.

Taxation has nothing to do with funding government. There is zero correlation between taxation and spending.

These truly are evil people. Republicans and democrats both.
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Old 12-11-2012, 21:50   #43
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...These truly are evil people. Republicans and democrats both.
And that is the precise, literal truth.
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June 28, 2012: the day the American republic died.

Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY
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Old 12-12-2012, 01:52   #44
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Originally Posted by Ruble Noon View Post
This is because there is no need to worry about paying the debt our politicians have racked up. Our debt won't be paid because it cannot be paid. Besides, the majority of the debt that we are now accruing is debt owed to ourselves, debt that we can default on.
It can be paid,it will cost around 50% of the populace though.'08.
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Old 12-12-2012, 05:37   #45
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The numbers are mind numbing.

The Treasury will record a deficit of $292 billion for the first two months of fiscal year 2013, CBO estimates - $57 billion more than the shortfall recorded in the same period last year. Revenues rose by $30 billion (or 10 percent), but outlays increased by $87 billion (or 16 percent)

In other words, spending is just increasing increasing increasing.

How much is $292 billion? It's $608 per month for every person in this country over 18. That's just the INCREASE in the debt. Just add it to the $68,000 every person over 18 already owes.

Yep 8 years of Bush policy really put us in a bind.
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Old 12-12-2012, 06:11   #46
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You're correct of course.
If I gave you Mrs Pugman's number would you call her

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Originally Posted by TangoFoxtrot View Post
Yep 8 years of Bush policy really put us in a bind.
Point in fact: there has been deficit spending since 1931 and before - money was added to the debt every year from 1961-1997 except 1969. Face it, for all politicans its the only tool in the box left.

Until people realize "us vs. them" isn't Republicans vs Democrats but The Federal Government vs The tax paying population the American politican continues to win.

When was the last time you saw a former Senator, Member of Congress, President, etc losing an election or leaving office and ending up in the unemployment line; sure they get voted out but they always seem to land on their feet (aka they cash in their political favors).

A complete failure of the dollar won't be good for anyone...at this point its a mathematical certainity when combined with political greed and stupidity.
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Old 12-12-2012, 07:05   #47
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Quote:
Originally Posted by TangoFoxtrot View Post
Yep 8 years of Bush policy really put us in a bind.
Obama managed it in less than 4
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Old 12-12-2012, 08:03   #48
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Yep 8 years of Bush policy really put us in a bind.
Voters said, "I don't think the deficit and debt could get any worse" than when Bush was President.

Obama said he would take that challenge and prove them wrong. He did.
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Old 12-12-2012, 08:24   #49
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I didn't know BDS was a permanent affliction ....

.
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Old 12-12-2012, 09:18   #50
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Originally Posted by Ruble Noon View Post
This is because there is no need to worry about paying the debt our politicians have racked up. Our debt won't be paid because it cannot be paid. Besides, the majority of the debt that we are now accruing is debt owed to ourselves, debt that we can default on.
One thing Ron Paul said I agreed with 100 percent was that there would be a de facto default on this debt by simply printing money to pay whatever part of it is actually paid.
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Old 12-12-2012, 09:25   #51
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One thing Ron Paul said I agreed with 100 percent was that there would be a de facto default on this debt by simply printing money to pay whatever part of it is actually paid.
He knew this because he knows and understands there is no other possible alternative.


And, because it's a tried and true strategy of failed governments.
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June 28, 2012: the day the American republic died.

Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY

Last edited by Atlas; 12-12-2012 at 09:30..
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Old 12-12-2012, 10:19   #52
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Quote:
Originally Posted by series1811 View Post
One thing Ron Paul said I agreed with 100 percent was that there would be a de facto default on this debt by simply printing money to pay whatever part of it is actually paid.




Actually, there is another way:
  1. Make the rules for money market accounts so onerous that everyone moves their money into banks. There is a lot of talk right now about changing the NAV money market rules.
  2. Nationalize the banks. Dodd-Frank rules are still being written which impose regulations so convoluted that small banks will be driven out of business, consolidating into a small number of really big banks. When they become "too big to fail", the government steps in and takes over.
  3. Pass laws which require most, if not all, 401K holdings to be exclusively in U. S. Treasury bonds. There have been several hearings held on this very subject.
After all this, the government will have trillions of dollars to pay back debt and spend on new programs. Of course, we'll all be holding nothing but paper with the words "backed by the full faith and credit of the United States government" - which won't be worth a damn.
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Old 12-12-2012, 10:22   #53
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... Of course, we'll all be holding nothing but paper with the words "backed by the full faith and credit of the United States government" - which won't be worth a damn.
Which will be the case either way...
at least it will for those left holding paper.
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June 28, 2012: the day the American republic died.

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Old 12-12-2012, 11:18   #54
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Quote:
Originally Posted by TangoFoxtrot View Post
Yep 8 years of Bush policy really put us in a bind.

You must not have received the latest from Debbie W. Does DC; it is Thomas Jefferson's fault, not Bush's.

(I just wish that DU would get its *stuff* together.)
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