Our illustrious leader has unveiled his budget for this year....it is only 4 trillion dollars..........good luck with that....!
New U.S. Budget
- Thread starter dcontroversal
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Anonimous
Guest
Yeah he used the term, but at the end of the day...how deep can we as a nation go in debt before we are declared bankrupt and defunct.......
Our debt, by the end of his term, (if we make it that far) will be like 25 trillion dollars.........which is almost $80,000 debt for every American alive!
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Viligant_Warrior
Guest
Five times since 2011, the Republican controlled House has not only voted on, but passed a budget. Of course, it wasn't Obama's. He hasn't ever presented until now. And the budgets the House passed died in the black hole of Harry Reid's desk.
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Viligant_Warrior
Guest
It's own citizens. Debt is accumulated through investment in U.S. Treasury notes and bonds. 53% of the as-yet-immature such investments in the U.S. are held by American citizens and corporations. China, famously known among alarmists as "our biggest creditor," holds nine percent. Foreign entities, both governments and nations, hold a total (including China) of 29% of such instruments, none of them other than China having as much as two percent. Believe it or not, the Federal Reserve, the U.S. central bank, owns the rest. They buy up such bonds and notes to stimulate the economy by putting money in circulation.
Aye, this is my understanding as well.
I was pondering upon this the other day while I was taking a shower. As it is, we the kings are the creditor to the government, and therefore the US government is our debtor.
Would it therefore be feasible, at least theoretically assuming that the kings could come to agreement, that the kings could forgive a certain amount of our servants' debts?
Might as well, they (our servants) have no intention of paying it back...............and IF they did, they would just turn around and TAX what was paid back........
Might as well, they (our servants) have no intention of paying it back...............and IF they did, they would just turn around and TAX what was paid back........
The kings have tasked the servants to tax and to spend to our service. Therefore it is no fault for them to tax nor to spend, for that is even the charge with which the servant has been charged. Assuming that taxing or spending is to our service of course.
Some assumptions:
The king as creditor has the power to forgive any amount of the debt the servants do owe us. The GDP remains around the same levels or higher. Spending and Taxing remains at the same level or withn the range projected.
A question:
Would forgiveness of all or a portion of the debt the government owes to its kings be beneficial to both king and servant?
Statement 1) Not exactly that way...........Constitution has specific rules concerning Tax Legislation. Most of the US Tax Code today is not Constitutional. It is only Law because partisan Politicians and supporting Courts have held it to be. The MAIN purpose of the Federal Government is to protect it's citizens.
Statement 2) Citizens can not forgive the National Debt. No pathway to do so exists that I can find.
Statement 3) No. If there were a pathway for the citizens to vote in a General Election to "forgive" all or a portion of the National Debt, the Politicians would immediately take those funds forgiven and go on a spending spree and our National Debt would once again balloon in size.
My thoughts.................
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Viligant_Warrior
Guest
First, I really wish you'd stop using the terminology for us as "kings." In a democratic republic, there are no kings, not even the voters, though I understand your thinking. It is more appropriate for us to be referred to as "the public," no one in such a government being greater than any other -- though most in Washington on both sides of the aisle and those who try to straddle it have forgotten that.
Second, do you know anyone who wants to give up money to the U.S. government? I sure don't. Some of our older citizens have invested heavily in treasury notes and bonds. Their savings and retirement are tied up in them. Better our government quits expanding, retracts drastically instead to return to basics -- Defense, State, Treasury, and Commerce -- and budget $1 trillion per year to actually retire the debt.
Woodrow Wilson borrowed, through the sale of war bonds and treasury notes, $30 billion to prosecute the war against Germany in World War I. We still haven't paid anything on the principle of that debt! The U.S. government needs to pay down the debt, develop a budge surplus, stop trying to be a nanny state, and let things like education, social services, healthcare, etc. be handled at the state level, and by charities, most importantly, the church.
1. I do believe that the US government has been tasked with taxing and spending. As that is their task, that is what one should expect from them. By the Constitution they have been granted this power, specifically to Congress. Without the Constitution, as servants they have been tasked with raising funds and spending them to our service. That is a large function of their purpose.
2. I do believe if we are the creditor and the government is the debtor that we do have the power to forgive. If we do not have such power then they owe us nothing. I do agree, as far as I know no pathway currently exists. However, IF the kings can agree, surely we can find or create one. Noting your comment on point 3, I too was pondering on whether a referendum could function as such a pathway.
3. Lol perhaps so, but if they are going to do that anyways then there is no risk. Furthermore if it provides relief, even if temporary, to both king and servant, I do believe that is beneficial.
Yes they have the Constitutional Power to levy taxes................but there is a sizeable portion of our US Tax Code that is not Constitutional in my opinion...............as I read the Founding Fathers intent..........It is Law because of Political Ideology, and higher Courts exercising that ideology to approve of Congressional actions.
Anyway, just FYI as to the Constitution:
Section. 8.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
To establish Post Offices and post Roads;
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
To constitute Tribunals inferior to the supreme Court;
To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;
To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;
To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy;
To make Rules for the Government and Regulation of the land and naval Forces;
To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;
To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;
To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;—And
To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
NOTE THE OPENING STATEMENT.............in my opinion, therein lies the flaw of much of our Tax Code
Anyway, just FYI as to the Constitution:
Section. 8.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
To establish Post Offices and post Roads;
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
To constitute Tribunals inferior to the supreme Court;
To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;
To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;
To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy;
To make Rules for the Government and Regulation of the land and naval Forces;
To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;
To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;
To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;—And
To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
NOTE THE OPENING STATEMENT.............in my opinion, therein lies the flaw of much of our Tax Code
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This indicates that the servants by their constitution, which is the terms of their bondage, have been tasked with taxing and spending. Therefore they cannot be held to blame for carrying out their duties.
The Constitution is irrelevant for kings, for we the kings are not bound to it. Therefore then, seeing as the servants do not have the power to forgive themselves; how shall we make effective our decree to forgive them?
The Constitution is irrelevant for kings, for we the kings are not bound to it. Therefore then, seeing as the servants do not have the power to forgive themselves; how shall we make effective our decree to forgive them?
Obama has created record levels of job growth, reduced unemployment, pushed for the legalization of same sex marriage, pulled troops out of war, boosted the economy faster than at any other point in the last decade, supported equal pay for women, supported women's reproductive rights, pushed for increased minimum wage, made a historic climate deal with China to reduce emissions, given all Americans the right to access to healthcare not withstanding their economic position, has won the Nobel Peace Prize, has been the Most Admired Man in America the 7th Straight Year, and has pulled the majority of troops from Iraq and Afghanistan.
In contrast, Bush created zero job growth his entire first term crashed the economy and took half the world's with him, reduced taxes while starting two wars he couldn't pay for, spent outrageous amounts on military defense, is the only living ex-President who has not expressed support for same sex marriage (his father helped legalize one), outrightly opposed same sex marriage, caused half the world to despise America and is responsible indirectly for the instigation of the deaths of more than 1 million Muslim innocents across the globe.
Obama has done a far better job than Bush, and it's no surprise that he has boosted the economy, because as has been proven by two Harvard economists, the economy always grows more under Democratic leadership than under Republican.
Church education? I've lived in Ireland most of my life. You know what church education is? Pedophilia, forced labour, psychological oppression and physical abuse, for profit. The churh are the last people who should be responsible for childrens' educations in what is currently, one of the most highly educated nations on Earth.
I'd give it twenty years before America goes, socially, ideologically and educationally, back a hundred.
Keep believing the BS that you hear pushed by TV and the government.....under our illustrious leader the national debt is more and has risen more that all of the presidents combined....are you really that blind to believe what you hear put out as spoon fed to the media in this country? Best thing you can do is go back to tea and biscuits and mind your own business as your knowledge is limited and blinded to the actual truth......what a farce!
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Viligant_Warrior
Guest
Didn't know you had a CCF account, Mr. Ernest. Bit early in the day to be shirking your duties to the media, ain't it?
Suffice to say, what a load of Democratic propaganda garbage!!
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Ugly
Guest
Would sure be nice to see you say something that doesn't include arguing or complaining. I've yet to figure any other reason for you to come to this site.