Posted on 04/23/2016 10:35:48 PM PDT by E=MC<sup>2</sup>
What did I say?
It’s nice of you to act like a liberal college professor, though.
“The government has many properties that were newly built for office space, warehouse space...that have never been occupied, just sitting.”
I wonder how many of them are named after Robert Byrd?
Continue insulting us with 24/7 anti-Trump diatribes and insults, your opus will be assumed.”
—— Jim Robinson
http://www.freerepublic.com/focus/f-news/3424005/posts
Thanks for your concern for my pending restricted 1st amendment posting privileges at Free Republic, do you feel proud every time you get to re post this message from Jim Robinson?
You are disrespectful to the owner of this site, who has repeatedly asked that we unite behind the Republican front runner, Mr. Trump.
You aid and abet the Mrs. Clinton, as well.
You are disrespectful to the owner of this site, who has repeatedly asked that we unite behind the Republican front runner, Mr. Trump.
You aid and abet the Mrs. Clinton, as well.
Cut the crap! My post was nothing more than an acknowledgement of Jim Robinson’s......... message!
Just stop the “lip”. Your sarcasm reminds me of disrespectful students. Just cut out the sarcasm and be nice.
I respect your opinion but the truth is i have no more respect for Trump than Trump shows toward others.
Thanks for your very informative history lesson. but it is apparent you got the point.
Thanks for your very informative history lesson. but it is apparent you got the point.
Sorry for the double post.
>>I respect your opinion but the truth is i have no more respect for Trump than Trump shows toward others.
That may be, and that is totally your prerogative.
Posting those thoughts here, after Jim’s repeated requests for the negative Trump posts to cease, is disrespectful.
For me personally, when someone owns a site, and they set perimeters, and those perimeters are ignored, it is not courteous.
It is not an easy task to transition to the next phase in the process, and no one is forced to if they do not wish to do so.
That’s why he said for those that can’t unite for now, please post elsewhere.
Thanks.
you’re thinking too narrowly, my FRiend
in the National Park System there are currently about 500 concessions leases which net a whole whopping $1 billion. We take in more than that in admission fees. We should evaluate the concession leases with an eye to increase revenue and let private industry modernize the parks. If Disneyland can make billions, why can’t we? (the feds also help subsidize state parks - in California for instance only 4.6% of state parks are self-funding. Cut them loose and let the states find private industry to modernize their parks, too).
How much could be raised by allowing claimants to buy back, at rates set by existing law, their grazing, mining, water leases stolen by uncle dearest over the last 10 years?
and look at the west, 30% federal ownership of Montana, 45% of California and 85% federal ownership of Nevada. Sure some of that can never be developed, too mountainous, remote, blah, blah, but a lot of it can be. Since land is checkerboarded in the west, a landowner of a section can easily find himself surrounded by federal land. If I had land that shared a lot line with federal land, I’d probably want to buy some of it. Landowners mean taxpayers who fund roads and infrastructure which brings business. If we’re going to compete with the world, we need more land producing more products and jobs.
we’ve probably raised a few trillion right there, and that’s just for starters
Ugh. Yosemite as Disneyland? It’s bad enough with the renaming as it is.
There are many other ways to raise revenue than eviscerate natural wonders.
No, that’s not thinking narrowly, that’s thinking of future generations. “The Grand Canyon presented by Universal Studios” with waterslides and people-movers? No thank you very much.
“Thanks for your concern for my pending restricted 1st amendment posting privileges at Free Republic...”
New flash. This is not a 1st Amendment forum. The owner reserves the right to zot folks. Period. Have a nice day.
Go Trump!!!
So he didn’t say it?
What gives any president the power to do this?
Here is Bill Still’s explanation of how this can be done.
https://www.youtube.com/watch?v=qOR4OiRjHA8
So how could Donald Trump pay off the national debt in just 8 short years as he promised to do during his interview with Washington Post last Thursday?
To understand how to make this dramatic change safely and effectively, first you have to understand what the National Debt is.
When Congress wants to spend more money than it has in income, that’s called a budget deficit.
So let’s say that in 2015, the budget passed by Congress was $4 trillion, but the national income – the total revenue was only 3.5 trillion.
Then there is a 500 billion dollar budget deficit. So where does the nation get the extra money?
The Treasury has to borrow it. Who do they borrow it from? Mostly banks, but most of the debt is auctioned off so that the Treasury can get the best price.
There are many different financial products the Treasury sells to raise money - Treasury bonds, Treasury Notes, Treasury Bills and other products – each have slightly different attributes and maturity dates.
The long-term 10 and 30-year bonds bring the highest interest rates. The short-term Treasury bills bring the smallest rates of interest.
For example, here is a results sheet for a March 28 sale of 91-day Treasury Bills. They sold for interest rates of between .25% and .3%. Their maturity date is June 30, 2016. That’s when you can cash them in and get back your principle and interest.
Here is a results sheet for 4-week Treasury bills. They were sold at between .1% and .2% interest rate.
Now let’s go all the way up the scale to the 30-year bonds. These were sold 3 weeks ago and were bought at a rate of between about 2.6% and 2.7%, but they mature in 2046.
The United States has never defaulted – that is, failed to pay – on its bond repayments. Therefore, U.S. Treasury securities are considered the world’s safest investments.
These various Treasury securities pile up the National Debt. Here is our current national debt to the penny: 19 trillion, 264 billion, 938 million, 619 thousand and 643.07 as of March 31 – last Tuesday.
Hopefully your head is not spinning yet with all these numbers, but here is the last one. How much interest are we paying on all this borrowing.
Well, it varies wildly from year to year, but here are the last 5 years. It has varied from about 360 billion dollars to 454 billion dollars.
That’s almost as much as we spend on the Defense Department!
It is as much as we currently spend on Education, Medicare & Health, Veterans Benefits, HUD, International Affairs, Energy & Environment, Science, Social Security, Unemployment & Labor, Transportation and Food & Agriculture.
How about some projections into the future of the national debt? Pretty much worthless.
In 2000, the Congressional Budget Office created this graph. It showed that the debt-to-GDP ratio of the U.S. wouldn’t go over 100% until about 2035. Well guess what, it hit 100% in 2015 – twenty years ahead of schedule.
In 2009, the CBO made another projection – 100% debt-to-GDP ratio was moved up to about 2024. Again, we hit it in 2015 – 9 years ahead of schedule.
All we can say is that since President Obama took office, the debt has more that doubled from about 9 trillion to its current 19 trillion.
Since interest rates can’t go any lower, it’s fair to say that interest rates have to move higher, at some point. And that means that the best-case scenario for the future is that the national debt will DOUBLE every 5 to 7 years – unless something is done.
Obviously, this is not sustainable. Eventually, just the interest payments on the debt would consume our entire federal budget.
There is only one way to tackle this problem. Get out of this debt money system where banks create all the money in the system by having the outrageous privilege of lending money they don’t have.
It’s not a new concept. To economic historians it’s known as a “bank money” system.
Bank money systems tend to breed an oligarchy as most of the big money is naturally sucked up by the banking system.
The opposite of a Bank Money system is a State Money system. State Money is money created by the Treasury for the benefit of all citizens equally – not favoring one class – the banking class. Therefore a State Money system tends to reduce the amount of money the banking class accumulates and creates a more wealthy middle class because the politicians pay less attention to bankers and more attention to the people.
A State Money system then sells the nations’ money to the banking class to lend out to us. It doesn’t kill the banks, it just creates real competition between them.
President John Adams considered any private issue of money a monstrosity and a fraud on the public.
“Since interest rates can’t go any lower, it’s fair to say that interest rates have to move higher, at some point. And that means that the best-case scenario for the future is that the national debt will DOUBLE every 5 to 7 years – unless something is done.”
Wait, what?
“Since ducks don’t bark, it’s fair to say that they quack, at some point. And that means that the best-case scenario for my chances of getting it on with that hot girl will DOUBLE every 5 to 7 years”
I really don’t understand his logic there. T-Bills aren’t variable rate. You buy debt in 2004 at 0.8% ... you don’t get any more than 0.8%. That’s how T-Bills work. It’s not a blasted mortgage.
Also, how on earth does increasing interest rates above zero do anything but help the country? Saving rates go up. As long as they stabilize at around 2% (or just under GDP growth rate) everything is golden. Also, it makes US debt more attractive.
Bill Still knows nothing about country-level economics.
Trump is bringing up a very important issue that the press has ignored during Obama’s reign. If you want to campaign against Trump you should go somewhere else.
He must have paid attention..he’s earned billions.
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