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Yellen: $20 trillion national debt 'should keep people awake at night'
CNBC ^ | 29 NOV 17 | Jeff Cox | @JeffCoxCNBCcom

Posted on 11/29/2017 12:12:00 PM PST by DCBryan1

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To: Mouton

You are apart of this, you Obama and clinton


81 posted on 11/29/2017 4:14:50 PM PST by ronnie raygun (Trump plays chess the rest are still playing checkers)
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To: Wuli
Says it all.


82 posted on 11/29/2017 4:16:35 PM PST by Rome2000 (SMASH THE CPUSA-SIC SEMPER TYRANNIS-CLOSE ALL MOSQUES)
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To: cherry

The ‘elites’ aren’t very.

Pathetic creatures.


83 posted on 11/29/2017 4:17:19 PM PST by x1stcav (We have the guns. Do we have the will?)
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To: reed13k

>
Why can’t we state that on 1 January 2018 all entitlements and associated taxes are hereby administered by the respective states with a per capita distribution of existing resources.

Federal government will no longer offer, administer, or tax for social programs. The States can offer, administer, or tax as they feel for the same.

1.7-1.8 Trillion returned to the States for administration as they see fit. Cut Fed taxes to 10% flat across the board. No allowance for Federal bailouts of States, Territories, or other local government entities.

Then let those laboratories of democracy demonstrate which approach is actually best.
>

1) This does nothing for any other further illegal/extra-constitutional power grab(s) by Fedzilla.

True, it should be done, but by declaring the likes contrary to A1S8, 9th/10th and any # of other Amendments.

2) It would also show the pleebs Fedzilla might not *NEED* to be even as big after the 10% ‘cut’....and we all know we can’t have Fedzilla being shown to be unnecessary /semi-s

3) Just the # of newly unemployed (as if they were ‘working’ to begin) would necessarily cause a great wave in the economy (might not be a bad correction, IMO).


84 posted on 11/29/2017 4:24:44 PM PST by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: Mouton

Who was in charge of the House purse strings?

i believe that would be the REPUBLICANS...


85 posted on 11/29/2017 4:37:15 PM PST by Freedom56v2 (If you think health care is expensive, just wait until it is "free" ;( PJ O'Rourke)
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To: DungeonMaster

Why it doesn’t bother a single democrat in the whole country.


Does not seem to bother many Republicans either...they were the majority in the House, after all for how many years??? Eh that would be 6 last years of Obama’s 2 terms...gained the House majority in 2010.

They are very bit as responsible for this as Obama and the Democrats.


86 posted on 11/29/2017 4:45:25 PM PST by Freedom56v2 (If you think health care is expensive, just wait until it is "free" ;( PJ O'Rourke)
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To: i_robot73

“And Congressional spending was once controlled by the Constitution.”

That hasn’t changed. It’s why you see Congress authorizing a raise in the debt limit all the time. So that they can indulge their desire to keep spending more.


87 posted on 11/29/2017 5:08:26 PM PST by Pelham
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To: i_robot73

on #3 - transfer the employees to the States with the funding.

as to the other - I know, I know....


88 posted on 11/29/2017 5:32:40 PM PST by reed13k
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To: DCBryan1

How do they calculate this 75% debt-to-GDP ratio? Debt is $20 trillion, GDP is $19 trillion. That’s a lot higher that 75%.


89 posted on 11/29/2017 5:43:28 PM PST by kevao (Biblical Jesus: Give your money to the poor. Socialist Jesus: Give your neighbor's money to the poor)
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To: Pelham

>
>>
“And Congressional spending was once controlled by the Constitution.”
>>

That hasn’t changed. It’s why you see Congress authorizing a raise in the debt limit all the time. So that they can indulge their desire to keep spending more.
>

Sorry, but if the Const. were still followed, there’d be no NEED to raise the debt ceiling....~95+% of the budget doesn’t fall within their authority.


90 posted on 11/30/2017 4:08:06 AM PST by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: Freedom56v2
They are very bit as responsible for this as Obama and the Democrats.

So true and so frustrating!

91 posted on 11/30/2017 5:20:09 AM PST by DungeonMaster (Goblins, Orcs and the Undead: Metaphors for the godless left.)
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To: i_robot73

Voting to raise the debt limit means that they are following the Constitution. You may not agree with what they spend money on but that has nothing to do with whether they are following the proper form.


92 posted on 11/30/2017 1:55:15 PM PST by Pelham
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To: Pelham

>
Voting to raise the debt limit means that they are following the Constitution. You may not agree with what they spend money on but that has nothing to do with whether they are following the proper form.
>
So, they ‘faithfully’ follow the Constitution to increase the ceiling (step 2+ pf the process), by NOT following the same (SKIPPING step 1...their AUTHORITY to spend on XYZ).

BRILLIANT! Yeah, why would I *NOT* agree /s


93 posted on 12/02/2017 9:03:03 AM PST by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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