I liked where you waved a pox on Republicans. That was awesome!Absolutely not…I was clear with my post….
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I liked where you waved a pox on Republicans. That was awesome!Absolutely not…I was clear with my post….
Well, it is what it is....Republican's for all their talk, are really no better than Democrats as far as bloated government, and spending....I liked where you waved a pox on Republicans. That was awesome!
This is the "moment of truth" for Republicans.Well, it is what it is....Republican's for all their talk, are really no better than Democrats as far as bloated government, and spending....
That's exactly the way I feel...This is the "moment of truth" for Republicans.
If they cut taxes and don't cut spending they are done, unless democrats keep putting up idiots.
The "root cause" of congress' inaction is no secret, its called "austerity". Austerity means cutting spending and that means less money in circulation, fewer subsidies, more hardship for constituents.
So, congress always "kicks the can down the road" hoping that the crash comes after they retire, or someone else cuts spending and loses elections.
The only "fiscal hawks" now are the 30 or so Republican "Freedom Caucus" members, who preach budget cutting but never do.
The battle between the Budget cutters and tax cutters should boil over soon, I hope its epic so voters understand, its now or the dollar collapses.
A Balanced Budget Amendment is called for, except in times of war, for obvious reasons.As I see it, the root cause of the national debt being allowed to increased year after year, after year is, there is no structural mechanism under our rule of law, which requires a year’s end deficit that has been funded by borrowing to be immediately extinguished the following year by specific tax-raising legislation to extinguish that deficit, which would effectively prevent a year-end deficit being permanently added to our national debt.
Did our Founders intend to allow year-end deficiencies funded by borrowing to accumulate from year to year? The evidence indicates they did not as a number of our State Ratification documents of our Constitution confirm, e.g, see the Ratification of the Constitution by the State of Massachusetts; February 6, 1788:
”Fourthly, That Congress do not lay direct Taxes but when the Monies arising from the Impost & Excise are insufficient for the publick exigencies nor then until Congress shall have first made a requisition upon the States to assess levy & pay their respective proportions of such Requisition agreeably to the Census fixed in the said Constitution; in such way & manner as the Legislature of the States shall think best, & in such case if any State shall neglect or refuse to pay its proportion pursuant to such requisition then Congress may assess & levy such State’s proportion together with interest thereon at the rate of Six per cent per annum from the time of payment prescribed in such requisition…”
And there you have it, our Founder’s remedy__ currently promoted as The Fair Share Balanced Budget Amendment ___ which is a structural mechanism, a rule of law which effectively addresses the root cause of adding to our national debt year after year and requires, upon the creation of a federal deficit funded by borrowing, that each state’s Congressional Delegation is to return to their own state with a bill in hand for their State to pay out of its own treasury an apportioned share to extinguish that deficit, at which time a shocking moment of reality and accountability is created, and particular so when the people of each state and their State Legislature and Governor, quickly learn, there is no free lunch coming from Washington.
I still wonder why the DOGE team is only focused the symptoms of Congress's reckless spending, which are invited and even encouraged by not having a real moment of accountability for each State's Congressional Delegation and the people of their state, when that reckless spending if funded by borrowing.
JWK
"In matters of power let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution. ... Thomas Jefferson’s Fair Copy of the Kentucky Resolutions of 1798
It is absolutely staggering and frightening, that we have a national debt of $222 TRILLION, which includes unfunded debt liabilities. The benefit of having a structural mechanism in place requiring Congress to immediately extinguish a previous year's deficit brought on by borrowing is, it puts the brakes on increasing the national debt while the DOGE team can squeeze out reckless spending and shrink the size of our federal government which now sucks our blood like a swarm of vampires.A Balanced Budget Amendment is called for, except in times of war, for obvious reasons.
Amendments are hard to do.
The problem is that we already have $36T in Debt, and that carries a $1T interest burden annually.
Trump's entire non-Covid budget was $4T.
Defense is $1T, Welfare is $1T. Interest is $1T, which is why the deficit is $2T.
The numbers do not work, which is why we need Elon and Vivek to balance the Budget.
You voted for Captain Bankruptcy... DumbassThat's exactly the way I feel...
We have GOT to do something about the massive debt. If we don't it will sink us fast.
I think China owns about $800 billion of American debt. So when Americans pay tax that goes to Washington, the government hand over xxx amount in interest to China. Then China gets funded more because of the obsession of many folk buying the Chinese junk.We are now paying over $1 TRILLION to pay interest on the national debt ($36 TRILLION), and that figure will continue to rise unless the DOGE team nails down a way to stop Congress from effectively adding to the national debt which in turn increases money spent to service the national debt.
One way to stop Congress from effectively adding to the national debt is to require Congress to immediately extinguish a current year’s borrowing to fund Congress’s spending, by laying and collecting a direct apportioned tax among the States the following year to pay off the preceding debt caused by borrowing, which effectively stops Congress from adding to the national debt.
I was under the impression Trump has a problem with low IQ people and yet, the DOGE team seems to be unable to focus on the root cause of the national debt increasing year, after year, after year, and the allowance is nothing more than not requiring Congress to extinguish a current year’s deficit caused by borrowing, by laying and collecting a specific tax to pay off the money borrowed and spent the preceding year, and is exactly what our Founders intended as confirmed by various state ratification documents of our Constitution, e.g. see the Ratification of the Constitution by the State of Massachusetts; February 6, 1788:
”Fourthly, That Congress do not lay direct Taxes but when the Monies arising from the Impost & Excise are insufficient for the publick exigencies nor then until Congress shall have first made a requisition upon the States to assess levy & pay their respective proportions of such Requisition agreeably to the Census fixed in the said Constitution; in such way & manner as the Legislature of the States shall think best, & in such case if any State shall neglect or refuse to pay its proportion pursuant to such requisition then Congress may assess & levy such State’s proportion together with interest thereon at the rate of Six per cent per annum from the time of payment prescribed in such requisition…”
So, what’s up with Trump’s premier and much heralded (among so called "conservative" circles) DOGE team picks who seem mentally deficient in being able to focus in on and addressing the real cause of an ever increasing of our national debt, and solving that problem, which our Founders already provided a solution to?
JWK
"In matters of power let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution. ... Thomas Jefferson’s Fair Copy of the Kentucky Resolutions of 1798
Shut the hell up dummy....You vote for people wanting to further go down the road of Monopoly money.You voted for Captain Bankruptcy... Dumbass
Most Americans, including those in our big media, constantly misrepresent Federal Reserve Notes:Shut the hell up dummy....You vote for people wanting to further go down the road of Monopoly money.
I think China owns about $800 billion of American debt. So when Americans pay tax that goes to Washington, the government hand over xxx amount in interest to China. Then China gets funded more because of the obsession of many folk buying the Chinese junk.
Everything goes full circle. Once upon a time the British Colonies were upset over taxation with the UK's Parliament. So here now are the American citizens, in a worse tax situation.And if appears there is a concerted effort to allow Congress to effectively increase our national debt, year after year, enslaving American citizens to unidentified creditors, and they obstruct any rule by which Congress is compelled to immediately extinguish a current year's debt created by Congress's borrowing the following year, which in effect would end our national debt being increased year after year, after year.
Indeed, American citizens have been made into taxed slaves by Congress.
JWK
When violent hate America demonstrations occur in the U.S. (as they now are) and terrorist attacks begin on American soil, let us not forget it was the current Democrat Party Leadership who encouraged and invited millions upon millions of poverty-stricken, poorly educated, low-skilled, diseased, disabled, criminal, un-vetted terrorist and religious fanatic foreign nationals, into our country.
Why does the DOGE team focus on the symptoms and not the cause of adding to our national debt?Everything goes full circle. Once upon a time the British Colonies were upset over taxation with the UK's Parliament. So here now are the American citizens, in a worse tax situation.
Illegal immigration, uncontrolled immigration, and this "diversity" claptrap brings nothing but problems to any country. But the biggest concerning issue is is when America has a number of Americans citizens and the UK has a number of British citizens that support those problems and problem bringers. Those citizens are worse than the imported problem.
Rich politicians are the cause.Why does the DOGE team focus on the symptoms and not the cause of adding to our national debt?
Is it not a self-evident fact that requiring Congress to immediately pay a current year’s debt created by Congress’s borrowing the following year would effectively end adding to our national debt?
I am astonished to realize the above mentioned root cause of our national debt increasing year after year has not been mentioned by the DOGE team. I wonder why they have not focused in on the root cause. There appears to be something fishy going on. Why focus on the symptoms and not the cause?
JWK
When violent hate America demonstrations occur in the U.S. (as they now are) and terrorist attacks begin on American soil, also now occurring, let us not forget it was the current Democrat Party Leadership who encouraged and invited millions upon millions of poverty-stricken, poorly educated, low-skilled, diseased, disabled, criminal, un-vetted terrorist and religious fanatic foreign nationals, into our country.
We are now paying over $1 TRILLION to pay interest on the national debt ($36 TRILLION), and that figure will continue to rise unless the DOGE team nails down a way to stop Congress from effectively adding to the national debt which in turn increases money spent to service the national debt.
One way to stop Congress from effectively adding to the national debt is to require Congress to immediately extinguish a current year’s borrowing to fund Congress’s spending, by laying and collecting a direct apportioned tax among the States the following year to pay off the preceding debt caused by borrowing, which effectively stops Congress from adding to the national debt.
I was under the impression Trump has a problem with low IQ people and yet, the DOGE team seems to be unable to focus on the root cause of the national debt increasing year, after year, after year, and the allowance is nothing more than not requiring Congress to extinguish a current year’s deficit caused by borrowing, by laying and collecting a specific tax to pay off the money borrowed and spent the preceding year, and is exactly what our Founders intended as confirmed by various state ratification documents of our Constitution, e.g. see the Ratification of the Constitution by the State of Massachusetts; February 6, 1788:
”Fourthly, That Congress do not lay direct Taxes but when the Monies arising from the Impost & Excise are insufficient for the publick exigencies nor then until Congress shall have first made a requisition upon the States to assess levy & pay their respective proportions of such Requisition agreeably to the Census fixed in the said Constitution; in such way & manner as the Legislature of the States shall think best, & in such case if any State shall neglect or refuse to pay its proportion pursuant to such requisition then Congress may assess & levy such State’s proportion together with interest thereon at the rate of Six per cent per annum from the time of payment prescribed in such requisition…”
So, what’s up with Trump’s premier and much heralded (among so called "conservative" circles) DOGE team picks who seem mentally deficient in being able to focus in on and addressing the real cause of an ever increasing of our national debt, and solving that problem, which our Founders already provided a solution to?
JWK
"In matters of power let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution. ... Thomas Jefferson’s Fair Copy of the Kentucky Resolutions of 1798
I tend to disagree with that $222T number.It is absolutely staggering and frightening, that we have a national debt of $222 TRILLION, which includes unfunded debt liabilities. The benefit of having a structural mechanism in place requiring Congress to immediately extinguish a previous year's deficit brought on by borrowing is, it puts the brakes on increasing the national debt while the DOGE team can squeeze out reckless spending and shrink the size of our federal government which now sucks our blood like a swarm of vampires.