Posted on 07/17/2011 2:49:15 PM PDT by blam
Good point. But to do that, we would have to regress to a barter system. Not practical in today’s times.
Wont be much paid in taxes anyway. Unemployment is high and profits for domestic businesses are down significantly. So Obama was lying when he stated.
He is not bluffing. They have not only stolen our retirement savings, but they intend to not return the funds they stole. This government is illegitimate.
All illegal aliens and visa holders should be kicked out of the country. That is what Japan did when they were overwhelmed by the Tsunami. We cannot support the worlds transients anymore because our corrupt government has stolen our money.
Probably alluding to reformist Republicans who have been saying that social security will default if not reformed. Default meaning not paying. The Dimwits were the one saying that default was not possible because the magical fairy prince told them so.
Yep - they left is threatening SS for the same reason that the local school board threatens after-school programs and bus service instead of trimming a few layers of useless administrators whenever they want a tax increase.
“Good point. But to do that, we would have to regress to a barter system. Not practical in todays times.”
I’m not so sure the IRS will care if certain people they select are forced to barter. I’m sure there will be banking alternatives for some of those people. I think to your point though, once people stop paying - and become scofflaws in the eyes of the government over taxes, it’s awfully hard to imagine them coming back into the fold.
You’ve hit on the Achilles Heel of the modern (last 100 years) political state.
Politicians campaign on giving away Free Stuff, and not surprisingly get elected. They then either don’t fund it because they want to get re-elected, or they raid whatever money is accrued to campaign for yet more Free Stuff.
Eventually though, the bills come, the numbers don’t lie. And here we are.
So that is the reason they squandered the money, because it was unsustainable?
Are you taking inflation into account when you say that?
I remember a nice new house with a big yard could be had for 7 or 8 thousand dollars.
I hate to be the one that breaks it to you, but politicians at the local, state, and federal level stopped caring about public sentiment about a hundred years ago. They’ve done a reasonable job of brainwashing many into thinking all of this nonsense is really what they want, or “it’s for the children” or various other techniques to quash dissent, but the mask will soon come off. It has to, because of what’s likely coming. It was all planned that way, if you can believe that. Unfortunately you are talking of a world that no longer exists.
The IRS looks at barter transactions the same way they do cash transactions.
That was the butter. Guns = Military. Butter = Welfare.
My thinking, and it is IMO, is that if the Fed Gov doesn't meet its DEBT obligation - US Treasuries - then they, too are scofflaws.
It could be an inflection point.
They’re going to have to cut EVERYTHING. It’s bitter medicine, but they need to do it. It’s like an addiction; but not reasonable to not face the hard facts NOW.
Yes. And I am proud to have been a part of it. I'm old enough that I won't reap the "rewards" of this backwards society.
It is my duty to ring the bell, but if the current crop of "I don't give a darns" - don't give a darn...no skin off of my nose.
When I'm dead, no one will care, when this country is dead, they won't even notice.
So maybe I should just STFU.
LBJ didn’t want to raise taxes to help pay for the Vietnam War. He also started a ginormous “War on Poverty” social spending programs.
So, the budget was looking pretty weak. And foreign central banks were demanding gold in exchange for their dollars. Social security receipts and trust fund monies were merged into the general fund and have been ever since the “unified budget”.
At least none of the goof ball politicians are running around saying everything is fine as they were not long ago. And Grandma can sleep well, knowing that foreign bondholders are first in line during our bankruptcy reorg, and getting her check is dependent on borrowing money overseas from those same bondholders.
The US is not so terribly different in this regard from the old USSR. The Soviets coasted for almost half a century on the assets looted from Eastern Europe. When those ran out and Reagan/JohnPaul/Thatcher pushed, the whole thing collapsed. Now our government has been coasting on the assets it has stolen by deflation and regulation from its own citizens and from the rest of the world and has run out of assets. The feet are still running but the cliff edge has been passed and China and Iran and the kenyan are pushing.
That’s part of the scam - they _absolutely_ depend on elimination of folks who “remember how things used to be”, and essentially dumb down whole swaths of the population in order to foist their schemes. A smart, thrifty, god-fearing populace is a lot tougher to swindle. I don’t know where you live but there are plenty of clueless around here!
But, you are not clueless. I am in West Texas. Where are you?
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