This bimbo thinks paying off the debt is the way will solve all our problems.
http://www.youtube.com/watch?v=bPL8y-oo0Jk
This bimbo thinks paying off the debt is the way will solve all our problems.
http://www.youtube.com/watch?v=bPL8y-oo0Jk
I would support it , if she had said tax increase to support the yearly budget. In my opinion, if you want to spend the money, you should be willing to pay for it. How can anyone have a problem with that?
I posted the full interview (it's actually two segments) here:
http://www.ronpaulforums.com/showthr...Class-1-7-2013
I believe she wanted to offer her guests a talking point.
The problem with it is the people in charge of the spending. There's no freaking accountability. They screw up, and WE pay for it. Giving them more of our money to pay off THEIR debt is NOT the answer. The answer is forcing them (as our employees) to balance the budget with the money they're already stealing frome us, by doing exactly with Schiff recommended. But, like the Bimbo said, it'll never happen....
I really like reading your posts and tend to agree with 99.5% of them. But I still do not understand why people are so opposed to this move. If you want a tax revolution like you have never seen or read to start tomorrow, implement a flat 40% tax on all the people. Millions of young people will go from receiving a tax credit to paying taxes, ordinary paycheck to paycheck living Americans will struggles and the middle class and rich? who knows.
But what I know for sure is this, Americans will rise up by the millions and take back the govt. It will likely be messy at first like most revolutions but at the end will result in a freerer, less centralized govt. I am very optimistic about it and just like the brier patch rabbit, I say dont do it "wink" "wink"
The government knows that. Thats why they print more rather than tax. Itll come to that eventually and when it does itll be more than 40% and itll be ugly.
See, I don't see it that way. Assuming Congress ever had the cahones to propose something like this, I don't think for one minute they'd ever sacrifice the sacred cows that get them elected. And, assuming they picked a minimum income level for which to apply this 40%-across-the-board-tax, I don't trust the gov't to be responsible with the increase, and I don't believe the people would rise up about it either. Nothing ever came of the fact that the IRS will penalize you if you don't have medical insurance once Obamacare is in full bloom.
So why would I believe that after the media does its job of desensitizing everyone to having 40% taken, that the public will react any differently?
Here's an example of what happens when the gov't just wants your money to pay something off: We have an island right off of San Diego called Coronado, with a beautiful bridge between us. Years ago, the city council proposed a fee to cross the bridge, and promised to end the fee once the bridge was paid for. Didn't happen - not for many years, until the public finally got rid of the jerks who lied to us. But by then, they had done their damage in so many ways and had millions in their coffers. History has proven over and over that once you give in to a tax, it's irreversable. So, what happens after they get our money and pay the debt? You think they're going to stop stealing 40% from us? Not on your life! And that's even IF they use it to pay off the debt in the first place and not come up with some excuse to use it elsewhere - for the children! I just don't trust them at all to do the right thing. Nope. No way in hell will I EVER trust this or any gov't to take more of my money for mistakes and bad decisions they have made.
I wish I had your optimism about it. Perhaps you are right. I guess we would know by the reaction to such a proposal made by Congress, or the Dictator. But given how our reactions went to the wayside over the bail-outs and Obamacare, I really don't hold out much hope.
No, what I meant was, it's not the end-all-be-all solution. So what if they pay it off (which is impossible at this point, unless you think taxing the hell out of everyone for the gov'ts f'k ups is a good idea), but they don't change anything else - no balanced budget proposal, no end to cental banking, etc. etc. It'll just go back up in a generation or two and we're right back where we started only a precedent has been set (40% flat tax) and their NEW solution will be yet another tax hike. Are you aware of the history behind the 16th amendment? Gauge that to where we are now.
To pay off the debt you first have to balance the budget. Then you have to go further- take in more money than you spend to be able to pay down the principle. Bush had that option but decided to cut taxes and increase spending and embark on two wars (OK- Congress writes the spending and tax laws- he only suggests or signs them). Now we are in an even bigger hole.
I say let the liberals have ALL the power/authority to do whatever the hell their little liberal communist hearts desire! Givem them the whole enchilada! They will either crash this country into oblivion faster than you can say "FORWARD!" or they will actually create their socialist/communist utopia that utterly disregards all of human history and human nature... either way we can get back to business once it happens. This waiting around crap is getting tiresome.
Yes, rob everybody of even more of their money and give it to the government so they can murder more people abroad, cage more people at home, and destroy the economy even more. Great idea!
I don't even want the debt repaid. The US govt should just file for bankruptcy and walk away from the national debt. Let the bastards who loaned money to the tyrannical govt we have lose their money instead of taxing me more to pay for govt spending I never wanted in the first place.
Partly. I assume he mostly means private sector debt, such as mortgages.
I think the government should be held accountable to it's promises, but I do agree that it must declare bankruptcy. People who loaned the federal government money will obviously have to take some sort of deal and would receive a fraction of what they loaned, but there have to be consequences, just as there are in the private sector.
It would be great to have the majority of federal government assets repossessed by creditors. That, at least, would put hundreds of billions of dollars of assets (land, buildings, vehicles, precious metals, etc) back into the private sector where they can be put into much better use. It would also reduce the federal government's power and it would certainly increase caution when loaning to the federal government.
Buck that crap. Letting the liberals have their way will not be quick and it will not be painless. They will not attain their precious socialist utopia, and will instead cause pain and suffering for every one of their subjects that have to live in subjugation. As can be seen around the world, these socialists don't learn their lessons and instead drag their country and their people down the toilet with them, refusing to give up on their nanny state dreams until the very end.
The United States is already getting bad enough, and this type of thinking is exactly what they want. They want people who actually care about liberty and the rights of the individual to just roll over and let them have their way, like man-children who were spoiled too much when they were young. Once again, buck that and all that comes with it.
I'd say paying off and defaulting on the debt are two possible ways to "liquidate it". I don't know what Ron wants to do. But if you look at who holds all the government debt I don't know if total default is such a good idea. But I guess at that point there are no good options left.