Your Government Owes You a Job

[georgephillip]

It never had to be this way. We and the world came off Gold Standards, and began the printing Machines of Fiat money and basically financially destroyed ourselves. Whether it be Manipulation from the Fed, the IMF, or the Yen.

Japan has been in a liquidity Trap for Decades. Buying time with currency manipulation.

It is the idiocy of the currency machines that have done this.

Maybe one of the few things we can all agree on is that the planet is heading for Great Depression 2.0?

One account I've read lately alleges the cost of living in the US will rise by 25% should the dollar cease to be the world's reserve currency.

 

[eagle1462010]

It never had to be this way. We and the world came off Gold Standards, and began the printing Machines of Fiat money and basically financially destroyed ourselves. Whether it be Manipulation from the Fed, the IMF, or the Yen.

Japan has been in a liquidity Trap for Decades. Buying time with currency manipulation.

It is the idiocy of the currency machines that have done this.

Maybe one of the few things we can all agree on is that the planet is heading for Great Depression 2.0?

One account I've read lately alleges the cost of living in the US will rise by 25% should the dollar cease to be the world's reserve currency.

Yes we are, as we never recovered from 2008. They pumped up the Pyramid again just delaying the inevitable. Too Big to Fail is BS............

But who are the Too Big to Fail, Really. Possibly the 4 Horsemen of the Banking system.

The same ones who are primary stockholders of our currency and currencies around the globe. Who now have the power to generate Fiat currency any dang time they want. Which they absolutely did after the crash to a tune of 16 TRILLION from the discount window of the Federal Reserve which they own anyway.

None of this current debate will matter then. They will control everything which is exactly why they are doing this BS on purpose.

Will you be their serf after they basically destroy us. Will you beg for a job from the Gov't, a Gov't that does as they ask, or will you stand against them.

That will eventually be the choice, as they bring the whole dang system down.

They own you already. Your posts prove it. Wanting the very assholes who are doing this to be our saviors, and maybe they'll give us all a job.

Complete joke.

 

[bripat9643]

Out of control corporate power is America's biggest problem.

Wall Street ran a derivatives based Ponzi scheme that destroyed the world economy in 2008. The food industry spends billions of dollars pushing the worst kind of processed food which causes cancer and heart disease. The alcohol, tobacco, and gun industries push their products all of which do great damage to the people who use them. Corporate lobbyists do all they can to allow industries to pollute our food, water, and air and rip off the public at every turn. And now Republicans on the Supreme Court have voted to allow unlimited secret campaign contributions....basically legalized bribes.

By contrast Canada does not allow any corporate campaign contributions. As a result they have universal healthcare, gay marriage, sensible gun laws, and a well regulated banking system. In fact since 1790, the United States has had 16 banking system failures, and Canada has had 0.

Are the Canadians smarter than us? Yes.

Then your solution is to move to Canada.
There you can enjoy all their socialist security. And their speech codes. And their confiscatory taxation. And 2 month waits to see a cancer specialist.
Our system is not perfect. Not close. However, our system is the greatest achievement in freedom, both societal and economic the World has ever known or will ever know.
Our system does the best for the most.
You people keep pining away for socialism. You stand on the beaches of the Atlantic staring at the horizon wishing your country could be "just like them"...No one is forcing you to stay here. That's the beauty of liberty. You are free to come and go as you please. The operative in this case being "go".

Our system is inferior to the Canadian system. Corporate money controlling the government is the problem. Get rid of the money and the system works better.

I know plenty of Canadians who say exactly the opposite.

 

[bripat9643]

Private corporate power currently trumps the democratic control of federal government in the US.
How will restoring States Rights improve that inequality?

First point. Government is not supposed to be more powerful than the private sector nor the People. Second point. Government's primary function is to serve. Not to lead. Not to dominate.
Lastly, your use of the term "inequality" presupposes the notion of a 'mandate' of equality. No such mandate exists.
Your side's consistent throwing about various contexts of "equality" is nothing more than fodder for political expediency.
"Wealth inequality", "Income inequality", "Share of income", "share of wealth"...These are terms used to gin up support for the democrat political base.
They are also used by those who feel entitled to the earnings and wealth of others because it makes them uncomfortable.
Your side attempts to further the idea that excessive taxation will result in the leveling of some imaginary playing field.

Government is the people, and their laws and Constitution are the supreme laws of the land.
The government leads, by following the people's elected representatives to introduce new ideas.
Our history is filled with our attempts to make America even more equal: voting, slavery, women's rights, healthcare, social security, and that battle for more equality continues even on these boards, today, now. True, we don't always do it correctly and some feel hurt by losing their superior positions, but we continue.

Wrong. Government is not the people. Government is a gang of men who all have their own goals and objectives which differ markedly from the goals and objectives of the people who pay their salaries.

 

[bripat9643]

It never had to be this way. We and the world came off Gold Standards, and began the printing Machines of Fiat money and basically financially destroyed ourselves. Whether it be Manipulation from the Fed, the IMF, or the Yen.

Japan has been in a liquidity Trap for Decades. Buying time with currency manipulation.

It is the idiocy of the currency machines that have done this.

No, it is too much money in too few hands.

Income inequality is the problem.

Where do you learn these idiocies? Inflation has no connection with "inequality." Inflation is cause by the government printing too much money, period.

 

[bripat9643]

I don't think government has to SUPPLY the job, but they can certainly offer incentives towards hiring.

That's what most of the Tea Brains don't understand about Taxes--they serve a dual purpose - funding public sector, incentives towards fiscal behavior.

Funding "incentives towards fiscal behavior" is not a valid purpose for taxation.

 

[thereisnospoon]

Private corporate power currently trumps the democratic control of federal government in the US.
How will restoring States Rights improve that inequality?

First point. Government is not supposed to be more powerful than the private sector nor the People. Second point. Government's primary function is to serve. Not to lead. Not to dominate.
Lastly, your use of the term "inequality" presupposes the notion of a 'mandate' of equality. No such mandate exists.
Your side's consistent throwing about various contexts of "equality" is nothing more than fodder for political expediency.
"Wealth inequality", "Income inequality", "Share of income", "share of wealth"...These are terms used to gin up support for the democrat political base.
They are also used by those who feel entitled to the earnings and wealth of others because it makes them uncomfortable.
Your side attempts to further the idea that excessive taxation will result in the leveling of some imaginary playing field.

When US taxpayers turned over 11.2 billion dollars to the board of directors and major shareholders of GM after the crash of '08, does that make you uncomfortable? When US taxpayers turned over 11.2 billion dollars to the board of directors and major shareholders of GM after the crash of '08, does that make you uncomfortable?
Corporations exist to serve a minority of rich people at the expense of the majority.
Every government ever invented has served its richest citizens at the expense of their majorities. That isn't government's fault; it's the fault of those who worship the rich and support their many crimes because of an accident of birth.
Your side is on the wrong side of History.

"When US taxpayers turned over 11.2 billion dollars to the board of directors and major shareholders of GM after the crash of '08, does that make you uncomfortable? "
Ironically, it is you who are blindly throwing your support for an all encompassing benevolent government.
We turned over nothing. The federal government did that without our consent.
IMO, GM and Chrysler for example, should have been permitted to declare bankruptcy and reorganize. Same with Shearson, Goldman Sachs and AIG.
"Corporations exist to serve a minority of rich people at the expense of the majority."
That's YOUR opinion.
"Every government ever invented has served its richest citizens at the expense of their majorities. That isn't government's fault; it's the fault of those who worship the rich and support their many crimes because of an accident of birth."
Many crimes?.....Such as?
Accident of birth? Oh, yes, you are referring to the liberal widely held belief that the accumulation of wealth is by luck or pedigree only. Good luck with that.
Look, you despise anyone who has more than what makes you comfortable. You feel entitled to a portion. You believe that if said portion or as you like to say "share" is not given to you, then you look to government to punish those people with excessive taxation.
"My government should help me feel as though I'm getting even with those evil rich people"...
Stow it.

 

[thereisnospoon]

First point. Government is not supposed to be more powerful than the private sector nor the People. Second point. Government's primary function is to serve. Not to lead. Not to dominate.
Lastly, your use of the term "inequality" presupposes the notion of a 'mandate' of equality. No such mandate exists.
Your side's consistent throwing about various contexts of "equality" is nothing more than fodder for political expediency.
"Wealth inequality", "Income inequality", "Share of income", "share of wealth"...These are terms used to gin up support for the democrat political base.
They are also used by those who feel entitled to the earnings and wealth of others because it makes them uncomfortable.
Your side attempts to further the idea that excessive taxation will result in the leveling of some imaginary playing field.

Government is the people, and their laws and Constitution are the supreme laws of the land.
The government leads, by following the people's elected representatives to introduce new ideas.
Our history is filled with our attempts to make America even more equal: voting, slavery, women's rights, healthcare, social security, and that battle for more equality continues even on these boards, today, now. True, we don't always do it correctly and some feel hurt by losing their superior positions, but we continue.

Wrong. Government is not the people. Government is a gang of men who all have their own goals and objectives which differ markedly from the goals and objectives of the people who pay their salaries.

In a perfect world, the OP is correct. The system by which our government works, the strength of incumbency begets the conditions which you state above.

 

[bripat9643]

Government is the people, and their laws and Constitution are the supreme laws of the land.
The government leads, by following the people's elected representatives to introduce new ideas.
Our history is filled with our attempts to make America even more equal: voting, slavery, women's rights, healthcare, social security, and that battle for more equality continues even on these boards, today, now. True, we don't always do it correctly and some feel hurt by losing their superior positions, but we continue.

Wrong. Government is not the people. Government is a gang of men who all have their own goals and objectives which differ markedly from the goals and objectives of the people who pay their salaries.

In a perfect world, the OP is correct. The system by which our government works, the strength of incumbency begets the conditions which you state above.

It wouldn't even work in a perfect world. In fact, in a perfect world there would be no government.

 

[thereisnospoon]

It never had to be this way. We and the world came off Gold Standards, and began the printing Machines of Fiat money and basically financially destroyed ourselves. Whether it be Manipulation from the Fed, the IMF, or the Yen.

Japan has been in a liquidity Trap for Decades. Buying time with currency manipulation.

It is the idiocy of the currency machines that have done this.

Japan is not the only nation that manipulated its currency. China is the biggest offender.
In fact, until 2005, the China government kept the Yuan off the major currency markets.
However, China tightly controls the money supply in order to prop up the value of the Yuan.

 

[regent]

First point. Government is not supposed to be more powerful than the private sector nor the People. Second point. Government's primary function is to serve. Not to lead. Not to dominate.
Lastly, your use of the term "inequality" presupposes the notion of a 'mandate' of equality. No such mandate exists.
Your side's consistent throwing about various contexts of "equality" is nothing more than fodder for political expediency.
"Wealth inequality", "Income inequality", "Share of income", "share of wealth"...These are terms used to gin up support for the democrat political base.
They are also used by those who feel entitled to the earnings and wealth of others because it makes them uncomfortable.
Your side attempts to further the idea that excessive taxation will result in the leveling of some imaginary playing field.

If so then the people, still more powerful, should vote new representatives.
Government is the people, and their laws and Constitution are the supreme laws of the land.
The government leads, by following the people's elected representatives to introduce new ideas.
Our history is filled with our attempts to make America even more equal: voting, slavery, women's rights, healthcare, social security, and that battle for more equality continues even on these boards, today, now. True, we don't always do it correctly and some feel hurt by losing their superior positions, but we continue.

Wrong. Government is not the people. Government is a gang of men who all have their own goals and objectives which differ markedly from the goals and objectives of the people who pay their salaries.

If government is not "we the people,"Might want to read it again, it's "we the people" not "we the states," not even "We the corporations". If the government slipped from our control it was our doing, the people. I don't believe government has slipped from our control, maybe it's that equality thing that some feel isn't right?

 

[bripat9643]

If so then the people, still more powerful, should vote new representatives.
Government is the people, and their laws and Constitution are the supreme laws of the land.
The government leads, by following the people's elected representatives to introduce new ideas.
Our history is filled with our attempts to make America even more equal: voting, slavery, women's rights, healthcare, social security, and that battle for more equality continues even on these boards, today, now. True, we don't always do it correctly and some feel hurt by losing their superior positions, but we continue.

Wrong. Government is not the people. Government is a gang of men who all have their own goals and objectives which differ markedly from the goals and objectives of the people who pay their salaries.

If government is not "we the people,"Might want to read it again, it's "we the people" not "we the states," not even "We the corporations". If the government slipped from our control it was our doing, the people. I don't believe government has slipped from our control, maybe it's that equality thing that some feel isn't right?

You're delusional if you think "we" ever had control. Government certainly doesn't do anything I want it to do, so how do I have any control? Your notions about government are profoundly naive. They are based on slogans and pap, not facts.

 

[georgephillip]

It never had to be this way. We and the world came off Gold Standards, and began the printing Machines of Fiat money and basically financially destroyed ourselves. Whether it be Manipulation from the Fed, the IMF, or the Yen.

Japan has been in a liquidity Trap for Decades. Buying time with currency manipulation.

It is the idiocy of the currency machines that have done this.

Maybe one of the few things we can all agree on is that the planet is heading for Great Depression 2.0?

One account I've read lately alleges the cost of living in the US will rise by 25% should the dollar cease to be the world's reserve currency.

Yes we are, as we never recovered from 2008. They pumped up the Pyramid again just delaying the inevitable. Too Big to Fail is BS............

But who are the Too Big to Fail, Really. Possibly the 4 Horsemen of the Banking system.

The same ones who are primary stockholders of our currency and currencies around the globe. Who now have the power to generate Fiat currency any dang time they want. Which they absolutely did after the crash to a tune of 16 TRILLION from the discount window of the Federal Reserve which they own anyway.

None of this current debate will matter then. They will control everything which is exactly why they are doing this BS on purpose.

Will you be their serf after they basically destroy us. Will you beg for a job from the Gov't, a Gov't that does as they ask, or will you stand against them.

That will eventually be the choice, as they bring the whole dang system down.

They own you already. Your posts prove it. Wanting the very assholes who are doing this to be our saviors, and maybe they'll give us all a job.

Complete joke.

Try looking at it this way: Our political system (government) is failing because the rich have amassed fortunes large enough to buy out government. It doesn't matter if you "choose" between Republican OR Democrat in the voting booth.

In 2007 this nation's top 1% paid about 22.4% of their income in federal income taxes. If they paid 43.5% they would still have twice as much of national after-tax income as they had in 1970.

Like it or not, government is your only choice to fight the oligarchs. Elect legislators that tax rich individuals and corporations at the same rates as 1961, and the Treasury collects an additional $716 billion every year.

"In other words, if the federal government started taxing the wealthy and their corporations at the same rates in effect a half-century ago, the federal debt to investors would almost totally disappear over the next decade."

Deconstructing the ?Federal Debt Crisis? - RootsAction

 

[eagle1462010]

Maybe one of the few things we can all agree on is that the planet is heading for Great Depression 2.0?

One account I've read lately alleges the cost of living in the US will rise by 25% should the dollar cease to be the world's reserve currency.

Yes we are, as we never recovered from 2008. They pumped up the Pyramid again just delaying the inevitable. Too Big to Fail is BS............

But who are the Too Big to Fail, Really. Possibly the 4 Horsemen of the Banking system.

The same ones who are primary stockholders of our currency and currencies around the globe. Who now have the power to generate Fiat currency any dang time they want. Which they absolutely did after the crash to a tune of 16 TRILLION from the discount window of the Federal Reserve which they own anyway.

None of this current debate will matter then. They will control everything which is exactly why they are doing this BS on purpose.

Will you be their serf after they basically destroy us. Will you beg for a job from the Gov't, a Gov't that does as they ask, or will you stand against them.

That will eventually be the choice, as they bring the whole dang system down.

They own you already. Your posts prove it. Wanting the very assholes who are doing this to be our saviors, and maybe they'll give us all a job.

Complete joke.

Try looking at it this way: Our political system (government) is failing because the rich have amassed fortunes large enough to buy out government. It doesn't matter if you "choose" between Republican OR Democrat in the voting booth.

In 2007 this nation's top 1% paid about 22.4% of their income in federal income taxes. If they paid 43.5% they would still have twice as much of national after-tax income as they had in 1970.

Like it or not, government is your only choice to fight the oligarchs. Elect legislators that tax rich individuals and corporations at the same rates as 1961, and the Treasury collects an additional $716 billion every year.

"In other words, if the federal government started taxing the wealthy and their corporations at the same rates in effect a half-century ago, the federal debt to investors would almost totally disappear over the next decade."

Deconstructing the ?Federal Debt Crisis? - RootsAction

The main culprits are the Stock Holders of the Federal Reserve. Who have basically gained the power to print or currency when and wherever they please. To drive up the Markets with FIAT CURRENCY. They do so without the dang Gov't doing a thing about it.

As another poster already stated. They should have WENT UNDER. I don't believe in Too Big to Fail. Let them go under and someone will step in and take their place. That is how capitalism is supposed to work. Not to mention they'd have filed Bankruptcy anyway the same as GM should have done. Restructured, sold out, and moved on. That is not the purpose of Gov't to save businesses that make stupid business decisions.

It is the Gov'ts responsibility to monitor and safe guard commerce and even the Markets. To ensure we don't have another Great Depression, which is still at our door step because all they did was create more money out of thin air, and jack the markets back up.

We are in the situation because of Gov't FAILED POLICIES.
We are in this situation because we allowed the Banks to Control the creation of our currency.
We are in this situation because we spend beyond our means.

Our Gov't has FAILED US, and your solution is more of the same.

 

[regent]

Wrong. Government is not the people. Government is a gang of men who all have their own goals and objectives which differ markedly from the goals and objectives of the people who pay their salaries.

If government is not "we the people,"Might want to read it again, it's "we the people" not "we the states," not even "We the corporations". If the government slipped from our control it was our doing, the people. I don't believe government has slipped from our control, maybe it's that equality thing that some feel isn't right?

You're delusional if you think "we" ever had control. Government certainly doesn't do anything I want it to do, so how do I have any control? Your notions about government are profoundly naive. They are based on slogans and pap, not facts.

If you lived alone an an island you would have complete control but let another person come ashore and you lost half of your control. America has over 300 million people and
you have even less control than half. In what nation would you have more control today?

 

[georgephillip]

Yes we are, as we never recovered from 2008. They pumped up the Pyramid again just delaying the inevitable. Too Big to Fail is BS............

But who are the Too Big to Fail, Really. Possibly the 4 Horsemen of the Banking system.

The same ones who are primary stockholders of our currency and currencies around the globe. Who now have the power to generate Fiat currency any dang time they want. Which they absolutely did after the crash to a tune of 16 TRILLION from the discount window of the Federal Reserve which they own anyway.

None of this current debate will matter then. They will control everything which is exactly why they are doing this BS on purpose.

Will you be their serf after they basically destroy us. Will you beg for a job from the Gov't, a Gov't that does as they ask, or will you stand against them.

That will eventually be the choice, as they bring the whole dang system down.

They own you already. Your posts prove it. Wanting the very assholes who are doing this to be our saviors, and maybe they'll give us all a job.

Complete joke.

Try looking at it this way: Our political system (government) is failing because the rich have amassed fortunes large enough to buy out government. It doesn't matter if you "choose" between Republican OR Democrat in the voting booth.

In 2007 this nation's top 1% paid about 22.4% of their income in federal income taxes. If they paid 43.5% they would still have twice as much of national after-tax income as they had in 1970.

Like it or not, government is your only choice to fight the oligarchs. Elect legislators that tax rich individuals and corporations at the same rates as 1961, and the Treasury collects an additional $716 billion every year.

"In other words, if the federal government started taxing the wealthy and their corporations at the same rates in effect a half-century ago, the federal debt to investors would almost totally disappear over the next decade."

Deconstructing the ?Federal Debt Crisis? - RootsAction

The main culprits are the Stock Holders of the Federal Reserve. Who have basically gained the power to print or currency when and wherever they please. To drive up the Markets with FIAT CURRENCY. They do so without the dang Gov't doing a thing about it.

As another poster already stated. They should have WENT UNDER. I don't believe in Too Big to Fail. Let them go under and someone will step in and take their place. That is how capitalism is supposed to work. Not to mention they'd have filed Bankruptcy anyway the same as GM should have done. Restructured, sold out, and moved on. That is not the purpose of Gov't to save businesses that make stupid business decisions.

It is the Gov'ts responsibility to monitor and safe guard commerce and even the Markets. To ensure we don't have another Great Depression, which is still at our door step because all they did was create more money out of thin air, and jack the markets back up.

We are in the situation because of Gov't FAILED POLICIES.
We are in this situation because we allowed the Banks to Control the creation of our currency.
We are in this situation because we spend beyond our means.

Our Gov't has FAILED US, and your solution is more of the same.

Government has failed us in many ways, primarily by borrowing from the rich instead of taxing them over the past fifty years.

"In 2008, the IRS revealed this past May, 400 Americans reported at least $110 million in income on their federal tax returns.

"These 400 averaged $270.5 million each, the second-highest U.S. top 400 average income on record.

"In 1955, by contrast, America’s top 400 averaged — in 2008 dollars — a mere $13.3 million.

"In other words, the top 400 in 2008 reported incomes that, after taking inflation into account, amounted to more than 20 times the incomes of America’s top 400 a half-century ago.

"But 1955’s top 400 didn’t just make far less than 2008’s top 400. The rich in 1955 paid far more of their income in taxes than today’s rich.

"In 2008, the new IRS data show, the top 400 paid only 18.1 percent of their total incomes in federal income tax.

"The top 400 in 1955 paid 51.2 percent of their total incomes in tax.

"The bottom line: After taxes, and after adjusting for inflation, 2008’s top 400 had a staggering $38.5 billion more left in their pockets than 1955’s most awesomely affluent.

"Multiply that near $40 billion by the annual tax savings the rest of America's richest 1 percent have enjoyed over recent years and you have an enormous war chest for waging class war, billions upon billions of dollars available for bankrolling think tanks and candidates and right-wing media."

Deconstructing the ?Federal Debt Crisis? - RootsAction

 

[dblack]

I don't think government has to SUPPLY the job, but they can certainly offer incentives towards hiring.

That's what most of the Tea Brains don't understand about Taxes--they serve a dual purpose - funding public sector, incentives towards fiscal behavior.

I'm not a 'Tea Brain', but I totally get that. It's one of the most insidious abuses of state power. Taxation should be used to fund government equitably, not as a tool to dictate behavior.

 

[RKMBrown]

Maybe one of the few things we can all agree on is that the planet is heading for Great Depression 2.0?

One account I've read lately alleges the cost of living in the US will rise by 25% should the dollar cease to be the world's reserve currency.

Yes we are, as we never recovered from 2008. They pumped up the Pyramid again just delaying the inevitable. Too Big to Fail is BS............

But who are the Too Big to Fail, Really. Possibly the 4 Horsemen of the Banking system.

The same ones who are primary stockholders of our currency and currencies around the globe. Who now have the power to generate Fiat currency any dang time they want. Which they absolutely did after the crash to a tune of 16 TRILLION from the discount window of the Federal Reserve which they own anyway.

None of this current debate will matter then. They will control everything which is exactly why they are doing this BS on purpose.

Will you be their serf after they basically destroy us. Will you beg for a job from the Gov't, a Gov't that does as they ask, or will you stand against them.

That will eventually be the choice, as they bring the whole dang system down.

They own you already. Your posts prove it. Wanting the very assholes who are doing this to be our saviors, and maybe they'll give us all a job.

Complete joke.

Try looking at it this way: Our political system (government) is failing because the rich have amassed fortunes large enough to buy out government. It doesn't matter if you "choose" between Republican OR Democrat in the voting booth.

In 2007 this nation's top 1% paid about 22.4% of their income in federal income taxes. If they paid 43.5% they would still have twice as much of national after-tax income as they had in 1970.

Like it or not, government is your only choice to fight the oligarchs. Elect legislators that tax rich individuals and corporations at the same rates as 1961, and the Treasury collects an additional $716 billion every year.

"In other words, if the federal government started taxing the wealthy and their corporations at the same rates in effect a half-century ago, the federal debt to investors would almost totally disappear over the next decade."

Deconstructing the ?Federal Debt Crisis? - RootsAction

And all the rich guys support the democrats... hmm..

 

[thereisnospoon]

Try looking at it this way: Our political system (government) is failing because the rich have amassed fortunes large enough to buy out government. It doesn't matter if you "choose" between Republican OR Democrat in the voting booth.

In 2007 this nation's top 1% paid about 22.4% of their income in federal income taxes. If they paid 43.5% they would still have twice as much of national after-tax income as they had in 1970.

Like it or not, government is your only choice to fight the oligarchs. Elect legislators that tax rich individuals and corporations at the same rates as 1961, and the Treasury collects an additional $716 billion every year.

"In other words, if the federal government started taxing the wealthy and their corporations at the same rates in effect a half-century ago, the federal debt to investors would almost totally disappear over the next decade."

Deconstructing the ?Federal Debt Crisis? - RootsAction

The main culprits are the Stock Holders of the Federal Reserve. Who have basically gained the power to print or currency when and wherever they please. To drive up the Markets with FIAT CURRENCY. They do so without the dang Gov't doing a thing about it.

As another poster already stated. They should have WENT UNDER. I don't believe in Too Big to Fail. Let them go under and someone will step in and take their place. That is how capitalism is supposed to work. Not to mention they'd have filed Bankruptcy anyway the same as GM should have done. Restructured, sold out, and moved on. That is not the purpose of Gov't to save businesses that make stupid business decisions.

It is the Gov'ts responsibility to monitor and safe guard commerce and even the Markets. To ensure we don't have another Great Depression, which is still at our door step because all they did was create more money out of thin air, and jack the markets back up.

We are in the situation because of Gov't FAILED POLICIES.
We are in this situation because we allowed the Banks to Control the creation of our currency.
We are in this situation because we spend beyond our means.

Our Gov't has FAILED US, and your solution is more of the same.

Government has failed us in many ways, primarily by borrowing from the rich instead of taxing them over the past fifty years.

"In 2008, the IRS revealed this past May, 400 Americans reported at least $110 million in income on their federal tax returns.

"These 400 averaged $270.5 million each, the second-highest U.S. top 400 average income on record.

"In 1955, by contrast, America’s top 400 averaged — in 2008 dollars — a mere $13.3 million.

"In other words, the top 400 in 2008 reported incomes that, after taking inflation into account, amounted to more than 20 times the incomes of America’s top 400 a half-century ago.

"But 1955’s top 400 didn’t just make far less than 2008’s top 400. The rich in 1955 paid far more of their income in taxes than today’s rich. In 2008, the new IRS data show, the top 400 paid only 18.1 percent of their total incomes in federal income tax.

"The top 400 in 1955 paid 51.2 percent of their total incomes in tax.

"The bottom line: After taxes, and after adjusting for inflation, 2008’s top 400 had a staggering $38.5 billion more left in their pockets than 1955’s most awesomely affluent.

"Multiply that near $40 billion by the annual tax savings the rest of America's richest 1 percent have enjoyed over recent years and you have an enormous war chest for waging class war, billions upon billions of dollars available for bankrolling think tanks and candidates and right-wing media."

Deconstructing the ?Federal Debt Crisis? - RootsAction

So when you're grunting away on the toilet, you're really not taking a dump. You're thinking real hard. Because nobody could come with stuff like this unless they had enough time in one place to at least get through the sports section.

 

[thereisnospoon]

Maybe one of the few things we can all agree on is that the planet is heading for Great Depression 2.0?

One account I've read lately alleges the cost of living in the US will rise by 25% should the dollar cease to be the world's reserve currency.

Yes we are, as we never recovered from 2008. They pumped up the Pyramid again just delaying the inevitable. Too Big to Fail is BS............

But who are the Too Big to Fail, Really. Possibly the 4 Horsemen of the Banking system.

The same ones who are primary stockholders of our currency and currencies around the globe. Who now have the power to generate Fiat currency any dang time they want. Which they absolutely did after the crash to a tune of 16 TRILLION from the discount window of the Federal Reserve which they own anyway.

None of this current debate will matter then. They will control everything which is exactly why they are doing this BS on purpose.

Will you be their serf after they basically destroy us. Will you beg for a job from the Gov't, a Gov't that does as they ask, or will you stand against them.

That will eventually be the choice, as they bring the whole dang system down.

They own you already. Your posts prove it. Wanting the very assholes who are doing this to be our saviors, and maybe they'll give us all a job.

Complete joke.

Try looking at it this way: Our political system (government) is failing because the rich have amassed fortunes large enough to buy out government. It doesn't matter if you "choose" between Republican OR Democrat in the voting booth.

In 2007 this nation's top 1% paid about 22.4% of their income in federal income taxes. If they paid 43.5% they would still have twice as much of national after-tax income as they had in 1970.

Like it or not, government is your only choice to fight the oligarchs. Elect legislators that tax rich individuals and corporations at the same rates as 1961, and the Treasury collects an additional $716 billion every year.

"In other words, if the federal government started taxing the wealthy and their corporations at the same rates in effect a half-century ago, the federal debt to investors would almost totally disappear over the next decade."

Deconstructing the ?Federal Debt Crisis? - RootsAction

$716 billion...First, where do you come up with this figure?
Second, $716 billion is less than the FY 2014 Budget of nearly $4 Trillion.
Lastly. Government does not 'save' money. When additional revenues are collected or particular program or department has been reduced, government simply finds another thing on which to spend the money.
Meanwhile the wealthy individuals and companies you wish to tax have found other places to put their money. And one place I can tell you it isn't going to be placed....Here in the USA.