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That's a catchy phrase
Front Page Featured | MRCTV
cnsnews.com
here's the news conference where he said it
www.theatlantic.com
The last string to the gold standard that held check any aspect of the Fiat Currency enacted in 1913 was cut in 1971 from Bretton Woods agreement after WW 2 which made the Dollar the World's Reserve Currency any nation holding Dollars could get it back by Gold also. We did not have the Gold when DeGaulle of France requested Gold. All of our Social Programs were bursting at the seams to grow exponentially with the Great Society leading the way. From then on the die was cast. We argue semantics on who pays. But more and more are charged in different ways. Politicians use different ways like we see now with Inflation. It is a Tax. The Fiat Currency we have is affected by our domestic promises and foreign entanglements because we promise several bucks to people for every dollar of real national wealth produced. So we argue the rich, defense budgets, social programs and more. And we have deficits that we pay interest on yearly. If the Prime Rate was what it should the deficit payments yearly would be up to several times more than it is. Sosay it is 500 billion dollars a year now.. 3 trillion dollars a year and more would be what it should be. Government may have to make Draconian cuts which would be painful for the citizens. So inflation is used to buy us time.How did the US debt rise??
Clinton has excess as far as the debt was concerned. So the gold standard does not hold water.The last string to the gold standard that held check any aspect of the Fiat Currency enacted in 1913 was cut in 1971 from Bretton Woods agreement after WW 2 which made the Dollar the World's Reserve Currency any nation holding Dollars could get it back by Gold also. We did not have the Gold when DeGaulle of France requested Gold. All of our Social Programs were bursting at the seams to grow exponentially with the Great Society leading the way. From then on the die was cast. We argue semantics on who pays. But more and more are charged in different ways. Politicians use different ways like we see now with Inflation. It is a Tax. The Fiat Currency we have is affected by our domestic promises and foreign entanglements because we promise several bucks to people for every dollar of real national wealth produced. So we argue the rich, defense budgets, social programs and more. And we have deficits that we pay interest on yearly. If the Prime Rate was what it should the deficit payments yearly would be up to several times more than it is. Sosay it is 500 billion dollars a year now.. 3 trillion dollars a year and more would be what it should be. Government may have to make Draconian cuts which would be painful for the citizens. So inflation is used to buy us time.
www.theatlantic.com
Clinton did nothing. He was a bum his first two years. With Hillary influencing him. Even raised taxes. The contract with America by the Repubs in 1994 saved his bacon. However, all of the things done was temporary, the only real action was limiting social welfare payments to a five year period at the time. New banking laws and lower interest bond buys and the such also along with cuts to the then defense budgets in the the greatest spending decade by Boomers who were the driving force. No real cuts! No real cuts! No real cuts! Don't you remember W. asking the people to spend more several times after he took office because of the 2000 spring stock market correction under Clinton. For real strength of a nation, we have to do the hard stuff. Politicians do not do that. Suckers who paid into the system for 40 years and live with a controlled income will pay for those who paid near nothing in their lives for votes.Clinton has excess as far as the debt was concerned. So the gold standard does not hold water.
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When looking at the charts this way, it is fascinating to see what a stand-out the Bill Clinton presidency was in balancing the budget and achieving revenue surpluses.
GOP Presidents Have Been the Worst Contributors to the Federal Debt
Republican presidents have added far more to federal debt levels than Democrats, as a percent of GDP. But Obama's joined Reagan, the Bushes and Ford in the debt-raising camp.
It was all the GOP presidents and their cohorts.
That's a catchy phrase
Front Page Featured | MRCTV
here's the news conference where he said it
