Budget Crisis Solved. With no income tax.

[Kludge]

//

[jabrownie]

You've kept the 'national debt interest' the same in your figures.

As you probably know, the federal reserve prints money, and loans it to the govt. They then sit back and collect the interest for their own private pockets. Since we're getting rid of the fed and stopping this corrupt theft, why not string up the bankers involved, and stop paying them the 'interest' supposedly owed (stolen). That would free up another large chunk of change.

[slantedview]

You've kept the 'national debt interest' the same in your figures.

As you probably know, the federal reserve prints money, and loans it to the govt. They then sit back and collect the interest for their own private pockets. Since we're getting rid of the fed and stopping this corrupt theft, why not string up the bankers involved, and stop paying them the 'interest' supposedly owed (stolen). That would free up another large chunk of change.

i like that idea :)

[TwiLeXia]

This sounds like a pretty good and realistic plan. Font's too big, however.

Also, once Ron Paul enters office: value of dollar goes up, which means debt we have to pay = less.

[Liberty_is_NORML]

That was a pretty impressive endeavor regardless of any perceived shortcomings.

Are you a controller or in Finance?

[AFTFNJ]

I did not look into your XML but I heard in the charter with the Federal reserve bank it states the US goverment can buy its stake back in the bank for 450Million bucks & owe them nothing...is that true?

[Kludge]

//

[HippyChimp]

Look up the Readers Digest study on gov't waste. Solve the budget crisis, pay off debt AND eliminate the income tax by eliminating waste!

[Kludge]

//

[celticsman7]

We shouldn't be overambitious with the $9 trillion debt. We should set up a system where it is paid off over 100 years. All we need to do is have a surplus of $100 billion. We're not gonna be like a Jackson by eliminating it within 8 years.

What is needed by his second year in office is a surplus of $200 billion. Income tax would be between 10% for lower class and 16% for upper class. That would mean revenue from income tax would be $500 billion. Therefore, revenue for the government would be aruond $1.7 or $1.8 trillion. We spent, last year, $2.6 trillion so we would have to cut back by about $1 trillion in a year or two. When you talk about cutting back on Medicaid, foreign policy as well as a, say, 15% cut back on all government agencies and programs, then you would have a pretty nice little surplus I think.

[jabrownie]

Don't know if this will help you at all.

http://ronpaul.cc/images/RonPaulOnTaxes.pdf

[Jeremy]

bump

[sevin]

kludge, why do you change your posts to "//"? wtfh? It might annoy stormcommander, but it annoys everyone else too and wastes our time. http://www.threadbombing.com/data/media/15/you-suck-internet.jpg (http://www.threadbombing.com/details.php?image_id=993)

[Jeremy]

uht oh i have angered kludge

[Kludge]

kludge, why do you change your posts to "//"? wtfh? It might annoy stormcommander, but it annoys everyone else too and wastes our time. http://www.threadbombing.com/data/media/15/you-suck-internet.jpg (http://www.threadbombing.com/details.php?image_id=993)

Thread is a year old. It used old numbers, and frankly, it was inaccurate enough in the calculations that I can't justify using your time to look over that as well. It was an .xml


uht oh i have angered kludge

Nah, just something I didn't want bumped.

[sevin]

Thread is a year old. It used old numbers, and frankly, it was inaccurate enough in the calculations that I can't justify using your time to look over that as well.

ok, thanks for the clarification.

[ShannonOBrien]

I did this once but I kept the taxes as they were. I had the debt paid off in 15 years. We are such nerds. For fun we like to balance the federal budget.