Republicans offer compromise, Democrats refuse

[AgeofKnowledge]

Many of your assertions are false. The United States actually paid off its debt including the interest in its entirely in January 1835, for example. And right after Andrew Jackson "killed the bank", a deep depression followed.

Now the federal reserve (e.g. central bank) isn't a private bank, so that's false. It's a quasi-government banking system run by an appointed Board of Governors that itself IS a federal agency. The President of the U.S. appoints the Chairman and Vice-Chairman of the board. The Board of Governors of the Federal Reserve System, the Federal Reserve banks, and the individual member banks undergo regular audits by the GAO and an outside auditor.

While banking reform is needed, the primary deficit/debt problem isn't the existence of a federal reserve or U.S. central bank but rather the legislature engaging in massive deficit spending every year.

That said, the underlying discussion is complicated and involves issues like treaties and trade as much as banking and fiscal policy.

Talk more later. I have to go see gravity 3D.

US federal debt held by the public as a percentage of GDP, from 1790 to 2013

Public debt as a percentage of GDP fell rapidly in the post-World War II period, and reached a low in 1973 under President Richard Nixon. The debt burden has consistently increased since then, except during the presidency of Bill Clinton. In recent years sharp increases in deficits and the resulting increases in debt have led to heightened concern about the long-term sustainability of the federal government's fiscal policies.

 

[Yahshua]

Many of your assertions are false. The United States actually paid off its debt including the interest in its entirely in January 1835, for example. And right after Andrew Jackson "killed the bank", a deep depression followed.

The US paid off that debt by ending the bank and selling their land in the RE bubble. That depression wasn't a consequence of Jackson killing the national bank. It was caused by (a) the real estate bubble (caused by the previous debt money from the national bank) and (b) state banks that started recklessly loaning out the surplus Jackson created from selling gov't land that paid off the debt. Jackson distributed the surplus money to the states and US was financially free for a whole year.

Banking systems are exactly like a hydra (or more accurately, the beast from the sea; Rev 13). One must kill the body, not just a head for the whole thing to die. State banks started printing money from their surplus like crazy without it being backed by anything (i.e. more debt money). Banks caused that depression just like they caused the Great Depression. Step 1: inflate the money supply by loaning out as many dollars as possible. Step 2: when enough people are indebted to them, stopped making loans, "tightening" the money supply until businesses and people bankrupt and have to forfeit their property over to the bank. That's the process of legally stealing real wealth. Simply trade it for fiat wealth with real property as collateral.

1 Timothy 6:10

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

---

Now the federal reserve (e.g. central bank) isn't a private bank, so that's false. It's a quasi-government banking system run by an appointed Board of Governors that itself IS a federal agency. The President of the U.S. appoints the Chairman and Vice-Chairman of the board. The Board of Governors of the Federal Reserve System, the Federal Reserve banks, and the individual member banks undergo regular audits by the GAO and an outside auditor.

While banking reform is needed, the primary deficit/debt problem isn't the existence of a federal reserve or U.S. central bank but rather the legislature engaging in massive deficit spending every year.

That said, the underlying discussion is complicated and involves issues like treaties and trade as much as banking and fiscal policy.

Talk more later. I have to go see gravity 3D.

US federal debt held by the public as a percentage of GDP, from 1790 to 2013

Public debt as a percentage of GDP fell rapidly in the post-World War II period, and reached a low in 1973 under President Richard Nixon. The debt burden has consistently increased since then, except during the presidency of Bill Clinton. In recent years sharp increases in deficits and the resulting increases in debt have led to heightened concern about the long-term sustainability of the federal government's fiscal policies.

Enjoy your movie.

 

[zone]

Obama deliberately works as hard as he can to make the shutdown as painful as possible as a political tactic. His aim is to keep massive deficit spending going full bore until collapse while blaming everything on everyone else. He fixes nothing. He exacerbates everything.

[video=youtube_share;z9uuPvI5ji0]http://youtu.be/z9uuPvI5ji0[/video]

bring back the Bushes...for sure.

 

[AgeofKnowledge]

Two wrongs don't equal a right. I learned that in kindergarten. Why didn't you?

bring back the Bushes...for sure.

 

[zone]

Two wrongs don't equal a right. I learned that in kindergarten. Why didn't you?

Obama deliberately works as hard as he can to make the shutdown as painful as possible as a political tactic.
His aim is to keep massive deficit spending going full bore until collapse while blaming everything on everyone else.
He fixes nothing.
He exacerbates everything.


just a lone [muslim?] wolf in the oval office acting alone?
he just has this singular dream that he wants to bring down America and somehow slipped in unnoticed?
no vetting?
mkay.

His aim is to keep massive deficit spending going full bore until collapse while blaming everything on everyone else.

nobody else is to blame - a giant govt with numerous branches to ensure the Executive never gets that kind of power.
did obama slip something into their drinks at the last Gala?

get real.

the bushes and the obamas are pals.
they're related for crying out loud.

 

[TheAristocat]

Two wrongs don't equal a right.

lol this is true

 

[SonInMe]

You have the wrong ''m'' word describing Obama.

He is not a muslim ( cannot imagine his ego bowing to any god )

He is a marxist, out to destroy our economy and institute socialism, the nationalization of this nation's businesses.

I doubt he can do that in the time he has left but he has laid the groundwork with Obamacare and there had better be a viable republican candidate...ooops I mean a conservative candidate to run against the next democrat ( unless Obama changes the term limits for president )

 

[jimmydiggs]

You must be right. I once tripped over a fence as a child. We must outlaw all fences. I once got heartburn eating a hamburger. Hamburgers must be made illegal. Once a bug bit me. Insects must be outlawed. I choked eating fish once. People who import fish must be given the strictest prison sentences. Etc... etc... and so on and so on. I'd laugh at how foolish this is except that so many people actually think like this it's not funny. It's dangerous and it's morally wrong.

I once got a brain freeze, and I asked the restaurant to not carry anymore ice cream. They refused! They said you have to eat responsibly! They're just a bunch of ice-cream cone toting rednecks.

 

[jimmydiggs]

bring back the Bushes...for sure.

Right now I think I'd rather have Bush over Obama, from the simple fact that Obama in his first term outspent Bushes 8 years. Deficit spending is going to ruin this country and you seem to not care. Is that part of the Canadian plan to conquer America? Wait till we're fat in wheel around walmart chairs and can't afford to turn the lights on, then Canada invades?

 

[jimmydiggs]

Obama deliberately works as hard as he can to make the shutdown as painful as possible as a political tactic.
His aim is to keep massive deficit spending going full bore until collapse while blaming everything on everyone else.
He fixes nothing.
He exacerbates everything.


just a lone [muslim?] wolf in the oval office acting alone?
he just has this singular dream that he wants to bring down America and somehow slipped in unnoticed?
no vetting?
mkay.

His aim is to keep massive deficit spending going full bore until collapse while blaming everything on everyone else.

nobody else is to blame - a giant govt with numerous branches to ensure the Executive never gets that kind of power.
did obama slip something into their drinks at the last Gala?

get real.

the bushes and the obamas are pals.
they're related for crying out loud.

I'm releated to the Bushes and the Obamas! Ain't that crazy! I traced our lineage, and it goes all the way back to Adam and Eve.

 

[SonInMe]

5+ years, trillions spent by our government, and we still are not out of this economic malaise.

Its almost like the Great Society LBJ instituted to combat poverty. Now we have more poor...

but we do have a much much bigger government, less freedoms and increasing debt. The only entity prospering today is the government.

We do not need more programs or more laws. We need more adults. Ya know those mature people who get jobs, move out of their parents basements and get married, have kids.

I know, I know, its old fashioned. How can anyone afford a place of their own....when 50% of their incomes go to taxes.

Why would anyone get married and commit to responsibility when the government pays you for each child born out of wedlock?

Just go out and get drunk, have sex with anyone, or thing, and if you get pregnant, abortion. If you get a disease, blame the republicans for not subsidizing the consequences of your promiscuity and you might actually have to pay for your own medical expenses.

Stop living your lives like the government is there to bail you out of poor choices.

Grow a pair, become a man and stop blaming your gender, your race, your economic position.

Adulthood....the lost human condition.

 

[SonInMe]

I am still sickened that the republicans even want to consider a compromise

 

[AgeofKnowledge]

Pretty good post . You left out though that our immature politicians also screwed up trade so badly there are very few jobs left outside of government jobs which rely on massive deficit spending to artificially maintain them.

5+ years, trillions spent by our government, and we still are not out of this economic malaise.

Its almost like the Great Society LBJ instituted to combat poverty. Now we have more poor...

but we do have a much much bigger government, less freedoms and increasing debt. The only entity prospering today is the government.

We do not need more programs or more laws. We need more adults. Ya know those mature people who get jobs, move out of their parents basements and get married, have kids.

I know, I know, its old fashioned. How can anyone afford a place of their own....when 50% of their incomes go to taxes.

Why would anyone get married and commit to responsibility when the government pays you for each child born out of wedlock?

Just go out and get drunk, have sex with anyone, or thing, and if you get pregnant, abortion. If you get a disease, blame the republicans for not subsidizing the consequences of your promiscuity and you might actually have to pay for your own medical expenses.

Stop living your lives like the government is there to bail you out of poor choices.

Grow a pair, become a man and stop blaming your gender, your race, your economic position.

Adulthood....the lost human condition.

 

[krow]

5+ years, trillions spent by our government, and we still are not out of this economic malaise.

Its almost like the Great Society LBJ instituted to combat poverty. Now we have more poor...

but we do have a much much bigger government, less freedoms and increasing debt. The only entity prospering today is the government.

We do not need more programs or more laws. We need more adults. Ya know those mature people who get jobs, move out of their parents basements and get married, have kids.

I know, I know, its old fashioned. How can anyone afford a place of their own....when 50% of their incomes go to taxes.

Why would anyone get married and commit to responsibility when the government pays you for each child born out of wedlock?

Just go out and get drunk, have sex with anyone, or thing, and if you get pregnant, abortion. If you get a disease, blame the republicans for not subsidizing the consequences of your promiscuity and you might actually have to pay for your own medical expenses.

Stop living your lives like the government is there to bail you out of poor choices.

Grow a pair, become a man and stop blaming your gender, your race, your economic position.

Adulthood....the lost human condition.

Yes go back to the pre world war II era, before the Great Depression even... where if you fell on hard times you were basically screwed cuz their was no government assistance. No one wants that. It is true that perhaps their are those that abuse it but it's not right to take it away from those who need it to survive while they pick themselves up. I'm quite sure if you ever had to take government assistance for awhile you might actually eat a bullet first from your post lol

 

[J-Kay]

I can't believe the way Democrats are behaving, you would think someone in their position would show more maturity. And then they blame the Republicans for the shutdown, and then we have Pres. Obama acting like an innocent victim who's only trying to get the best for the American people. Ugh......if he cared so much about the American people , as he says, he would be negotiating instead of trying to impose his authoritarian decisions.

On a side note, I don't really have hope in the Republican party as it is right now, though I agree on implementing a more limited government and a new budget. Spending and taxing your way to prosperity just doesn't make sense. I believe this country needs to start over.

I believe he ( O ) wants us to be a nation of poverty. He knows what he is doing.
Let me clarify that. He knowingly is the pied piper and has led the deceived who
now are sick to their stomach for allowing him to mislead them.
We who had info on him from the first election posted and warned. Instead we
got cursed and stoned. ( not literally ) AARP would not listen, and many of us
had info posted but they defended him. Now look who is trying to win back members
who left them. AARP is sorry. Unions are sorry, ( well some, maybe not all ).
Do you notice when he speaks now with group behind him, they are getting younger
and younger ? We have every reason to be concerned. My husband and I watched
a video where O has a brother and family. We saw poverty stricken people, and I
remember my husband saying, "that is what he wants to happen here." He hates
us. He was told when he was Barry S. to come to U.S. because we would accept his
race. So he came and the rest is history. Sadly, with a lot of pull he managed to
become a "destroyer." He promised change, no terrorist would enter our Country
on his watch. Oh, what a wicked web he has woven, unfortunately he is not going
to get caught in it. I don't even know how to pray. I just know "a house divided
can't stand." This man has certainly done just that. He brought Change. And
to think he is paving the way for the anti-christ. We do need to be prepared and
keep looking up, and say, 'even so, come Lord Jesus.' ~

 

[zone]

Right now I think I'd rather have Bush over Obama, from the simple fact that Obama in his first term outspent Bushes 8 years.

diggs....look at a graph.
it's only gone UP.
they're in it together.
anyways.

Deficit spending is going to ruin this country and you seem to not care.

what? i post continually on it.
of course i care.
sheesh.
deficit spending is because the GOVT BORROWS MONEY FROM PRIVATE BANKERS AT COMPOUND INTEREST.
it's set up to ruin the country.

Is that part of the Canadian plan to conquer America?

lol....conquer for what diggs?
all that trouble?
nah.
mind you.....oh n.m.
lizard talk

Wait till we're fat in wheel around walmart chairs and can't afford to turn the lights on, then Canada invades?

ya...we charge down there with hockey sticks

 

[jimmydiggs]

I am still sickened that the republicans even want to consider a compromise

I just hope it doesn't default. That's when fesces hits the fan. We could eliminate about two trillion that is owed to ourselves, and if we did mutual debt canceling we could eliminate another 1 trillion. Three trillion closer to financial responsibility without paying a dime.

 

[jimmydiggs]

diggs....look at a graph.
it's only gone UP.
they're in it together.
anyways.

I know it's only gome up, but i would prefer to be twenty miles over the speed limit than 100 miles.

[video=youtube;P5yxFtTwDcc]http://www.youtube.com/watch?v=P5yxFtTwDcc[/video]

what? i post continually on it.
of course i care.
sheesh.
deficit spending is because the GOVT BORROWS MONEY FROM PRIVATE BANKERS AT COMPOUND INTEREST.
it's set up to ruin the country.

I'm all for ending the fed, but we must also balance the budget and pay down the debt.

lol....conquer for what diggs?
all that trouble?
nah.
mind you.....oh n.m.
lizard talk

I'm just thinking, extreme heat like the middle east makes people go a little crazy sometimes, I thought maybe Canadians were wanting a warmer climate after being driven mildly insane from 9 months of winter. Global warming will be good ofr you guys, it will open up the whole Canadian Shield.


ya...we charge down there with hockey sticks[/QUOTE]

 

[zone]

I know it's only gome up, but i would prefer to be twenty miles over the speed limit than 100 miles.

well i know, but let's say going back to bush slowed you to 20....what's the diff if the car has been rigged to drive off the cliff anyhow?

I'm all for ending the fed, but we must also balance the budget and pay down the debt.

right. the budget is the problem...the priorities in it.

before ending/reforming the entire monetary system you would have to introduce a new system.
the new system would by default make everything done under the old obsolete.
it's not just a matter of fiat (or digital) currency...it's the entire system.
trade agreements....the works.

so i guess you'd have to pay down the current debt in some way separate from fiat currency.
gold isn't it. unless you can get back the gold that was stolen from Ft Knox then again on 911.
and every year since 1913.
cuz the ppl have no gold left. all goners.

hmmm....so how could you appease china or japan or your debt holders at this point without currency?
it is literally not possible in any way to ever pay off the debt currently owed because the interest on it is greater than your GNP/GDP.

argentina has gone through this twice - and survived.
they might have some clues.

i suppose extreme austerity would send all the recent immigrants (legal and otherwise) looking for some other land of opportunity - that might help. course with the NAU (Trilateral); they'll just come here

I'm just thinking, extreme heat like the middle east makes people go a little crazy sometimes, I thought maybe Canadians were wanting a warmer climate after being driven mildly insane from 9 months of winter. Global warming will be good ofr you guys, it will open up the whole Canadian Shield.

British Columbia - Weather and Climate in BC < click

i have a hat that'll be perfect for ya.

you can stay here:

there's a Hutterite camp nearby

 

[zone]

I'm releated to the Bushes and the Obamas! Ain't that crazy! I traced our lineage, and it goes all the way back to Adam and Eve.

you shouldn't have to go that far back - specially when you're part of the ruling class.

Obama and Bush - cousins? | World news | theguardian.com > click

i love this part:

"The Republican candidate, John McCain, had claimed to be related to the Scottish king, Robert the Bruce, but, as the Guardian disclosed last week, British genealogists debunked that."

McCain...the guy just doesn't ever go away.
but then again:

"The New England genealogists who spent three years researching the background of the potential candidates found no royal strain either but established yet another Bush connection: McCain is a sixth cousin of the first lady, Laura Bush."