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Posted on 08/03/2011 1:18:07 PM PDT by ex-Texan
We could also eliminate much debt by talking China into forgoing payback thereof in exchange for, well, Taiwan.
</sarcasm>
Just because a bill doesn’t solve every problem doesn’t mean we should keep it from solving any problem.
Rumors abound on the Internet about Obama massing a huge fortune in off-shore trading accounts:
UPDATE: OBAMA OFFSHORE TRADING PROFITS EXCEED 3 BILLION DOLLARS !
If true -- Impeaching BO is the only way to move forward. But today our entire Congress is corrupt. Both the Dems and GOP have been taken over by shills and profiteers. In my view, both political parties are fake. Even our elections are fake for the most part, with voting machines pre-programed to substitute ones for zeros on a controllers' cue.
So this is how our Repubilc ends -- "Not with a bang, but a whimper."
“Isn’t that esentially debt we owe to ourselves?
It doesn’t make whole lot of sense to keep paying it.”
Your proposal would make skimming operations impossible.
Lots of Democrat crooks and cronies would be out of a flow of money!
Impossible!
That would clear the way for the surrender monkey to put in for more ear marks the ear marks he says he is against, but loves so much.
The Fed is NOT a non-governmental organization. It is a hybrid e.g. part governmental/part private. If you can name one other “non-governmental organiztation” which has its head appointed by the federal government, I’ll eat my words. Of course, no other “non-governmental organization” has the power to print money or write checks backed by nothing.
We wouldn’t have to “talk” China to do anything. A better option is simply to repudiate the bonds. Of course, this might mean that nobody will want to lend any more money to Uncle Sam but that would be a net-benefit for us.
3,524,229,075 lbs?
We are called terrorists after settling for fake cuts! Terrorists don't ask for a fraction of a percent of their goal. They demand total compliance. Of course, I am totally against terrorists of all sorts, but I can tell you this. If I am going to be called a terrorist it is not going to be after settling for a total horse crap deal!
If Joe Biden wants to see real terrorism, I say AUDIT THE FED! CLOSE THE IRS. CLOSE THE DEPARTMENTS OF EDUCATION, COMMERCE, ENERGY, HHS, and HOMELAND SECURITY.. THEN!! We'll discuss cuts in the remaining departments.
“It would be better to just delete the Federals Reserve...................”
Hopefully, this is the first step. If we can just dissolve the Fed outright, then maybe we can chip away at it.
I have a bad feeling that if it passes the House, it won’t make it through the Senate. It probably won’t get to the President’s desk so he can veto it.
I have to give Dr. Paul some credit for being one of the only conservative out there with brass ones. At least he’s trying.
Hmmm...sounds like a great idea...
How about General Motors? Daniel Akerson advanced to the CEO position directly from the Board of Directors, where he was the representative of the U.S Treasury ( which owns 61% of GM).
Didn't you get the message? We've learned our lesson. We don't do that any more. I heard it straight from the most powerful pantywaist mama's boy in the wolrd.
What ever became of the picture of ABC’s ‘practice’ vote tally that was accidentally published days before the election? In it every case except perhaps two were called to the exact final percentages. I never understood why that didn’t make news. Maybe no one wants to know what is going on?
>>cuts in projected spending increases.”<<
Why is there spending increases when there is zer0 inflation?
What ever became of the picture of ABC’s ‘practice’ vote tally that was accidentally published days before the election? In it every case except perhaps two were called to the exact final percentages. I never understood why that didn’t make news. Maybe no one wants to know what is going on?
Can anyone tell me why this would be a bad thing?
The biggest negative I can think of (and I am not an economist) is that then the Congress can say “Hey, we just cut $1.6T from the debt, just like we promised. Now let’s keep spending and raise taxes.)
"I wish it were possible to obtain a single amendment to our Constitution ... taking from the federal government their power of borrowing."-- Thomas Jefferson (Letter of November 26th, 1798)
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