you'd think some of them maybe would have known...no, probably not. Not like they have been interested in governing. Why know and understand the law?
debt ceiling
- Thread starter Brownslave688
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wkmac
Well-Known Member
Reason TV interviews San Jose State economists Jeffery Hummel on The Fed, monetary policy, business cycle and monetary collapse.
Two Cheers for the Coming Collapse of the U.S. Economy! - YouTube
Two Cheers for the Coming Collapse of the U.S. Economy! - YouTube
wkmac
Well-Known Member
A 12 year old gets it.
A 12-Year-Old Spells Out the Fraud That Banks Are Committing Against the People - - YouTube
I'm no fan of the Zeitgeist movement but Peter Joseph's explaining of fractional reserve banking/monetary creation using the Fed's publication "Money Money Mechanics" as his guide is excellent.
Zeitgeist Addendum - Money Creation and Fractional Reserve Banking - YouTube
A 12-Year-Old Spells Out the Fraud That Banks Are Committing Against the People - - YouTube
I'm no fan of the Zeitgeist movement but Peter Joseph's explaining of fractional reserve banking/monetary creation using the Fed's publication "Money Money Mechanics" as his guide is excellent.
Zeitgeist Addendum - Money Creation and Fractional Reserve Banking - YouTube
Just_another_day_at_work
Well-Known Member
The baby doesn't have to worry about the "money" nobody pays back anything, today we living off whatever we borrowed from Bush era.
What the 12 year old doesn't "get" is some people (well I can argue that) created this 100 years ago and knew this all along and yet it is still operating very well and a whole entire earth 3D fantasy running on it. Yet if anybody would give/print a piece of blank paper money with numbers on it, it wouldn't work, cause it doesn't have any "energy" attached to it and you didn't consciously built the institution on a ley lime , like when you fold them nicely you got buildings blown up, airline names and stuff printed on it years before happening .
You know me I am no fan of the FED, but gotta give credit for them when it's due.
This news made me go hmmm, first I thought he is a "hero" a terrorist against financial terrorist(how ironic is that), but something else is going on, something really don't want to be "revealed".
Plot to attack Federal Reserve in NYC: Suspect thought he had 1,000-pound bomb, authorities say - U.S. News
What the 12 year old doesn't "get" is some people (well I can argue that) created this 100 years ago and knew this all along and yet it is still operating very well and a whole entire earth 3D fantasy running on it. Yet if anybody would give/print a piece of blank paper money with numbers on it, it wouldn't work, cause it doesn't have any "energy" attached to it and you didn't consciously built the institution on a ley lime , like when you fold them nicely you got buildings blown up, airline names and stuff printed on it years before happening .
You know me I am no fan of the FED, but gotta give credit for them when it's due.
This news made me go hmmm, first I thought he is a "hero" a terrorist against financial terrorist(how ironic is that), but something else is going on, something really don't want to be "revealed".
Plot to attack Federal Reserve in NYC: Suspect thought he had 1,000-pound bomb, authorities say - U.S. News
Just_another_day_at_work
Well-Known Member
A song come to mind, and of course it's by coincidence 
"settle down, it'll all be clear
don't pay no mind to the demons (I think that's our left eye)
they fill you with fear
the trouble it might drag you down
if you get lost, you can always be found"
Phillip Phillips - Home - YouTube
"settle down, it'll all be clear
don't pay no mind to the demons (I think that's our left eye)
they fill you with fear
the trouble it might drag you down
if you get lost, you can always be found"
Phillip Phillips - Home - YouTube
DriveInDriveOut
Inordinately Right
You don't even have to call you can request an increase online. Buying things on credit and spending money we don't have is the American Way. We've been doing it since our founding.
moreluck
golden ticket member
"Everybody does it.....we've been doing it all along".....what are you a teenager ??? That doesn't make it right!!!!
Actually, in a capitalistic economy it is exactly right.
DriveInDriveOut
Inordinately Right
Home loans, auto loans, student loans, credit cards............Most Americans have debts.
America as a government, has been in debt continuously since our founding.
In regards to your insult.....No I'm not a teenager, what are you senile?
DriveInDriveOut
Inordinately Right
That's from April 2011.
Here you go:
Deficit Shrinks to 5.7% of GDP as Debt Ceiling No Vote Risks All - Businessweek
The federal budget deficit narrowed from more than 10 percent of the gross domestic product at the end of 2009 to 5.7 percent of GDP for the 12 months ended March 31 -- the smallest gap in four years, according to data compiled by Bloomberg.
With tax collections rising and spending growth slowing down, the deficit is on track to drop to 4 percent of the $16 trillion U.S. GDP for the fiscal year ending Sept. 30, according to a May forecast by the Congressional Budget Office. It will shrink to 3.4 percent of GDP next year, the CBO says, close to the 3.3 percent average over the past 30 years, according to Bloomberg data.
BrownArmy
Well-Known Member
I love the Republicans (a certain few) who say that it will be 'no big deal' if we default on our notes.
Yes, yes, there's money coming in, and (maybe) we'll be able to finance the notes with our tax revenue.
(On a side note, the people saying that our taxes - revenue paid to the guvment - will cover our expenses, are the same people doing their damnedest to reduce said tax revenue paid to said guvment, but nevermind...)
The majority of economists in this country (and other countries) think that defaulting on our debt is A REALLY BAD IDEA.
The majority of businesses in this country have sent letters to 'anyone listening', saying, 'PLEASE, DON'T DEFAULT'.
We can have a discussion about debt in this country, etc.
But the discussion about the 'debt ceiling' isn't that discussion.
As well, Republicans as well as Democrats are equally guilty in terms of 'raising the debt', don't listen to the hype.
.
.
.
Personally, I'm not sure that any of our elected leaders are fit for office.
Yes, yes, there's money coming in, and (maybe) we'll be able to finance the notes with our tax revenue.
(On a side note, the people saying that our taxes - revenue paid to the guvment - will cover our expenses, are the same people doing their damnedest to reduce said tax revenue paid to said guvment, but nevermind...)
The majority of economists in this country (and other countries) think that defaulting on our debt is A REALLY BAD IDEA.
The majority of businesses in this country have sent letters to 'anyone listening', saying, 'PLEASE, DON'T DEFAULT'.
We can have a discussion about debt in this country, etc.
But the discussion about the 'debt ceiling' isn't that discussion.
As well, Republicans as well as Democrats are equally guilty in terms of 'raising the debt', don't listen to the hype.
.
.
.
Personally, I'm not sure that any of our elected leaders are fit for office.
Catatonic
Nine Lives
Actually it is not exactly right IMO.
I have no debt and I have had a positive net value for 31 years and I am very much a Capitalist.
BrownArmy
Well-Known Member
Why do you hate the United States of America?
(because that's not how the USA has handled it's business, pretty much since our founding...)
Again, your household budget has ZERO to do with how our Guvment does business.
Catatonic
Nine Lives
Our Guvment could learn a few things on how to do bizness.
moreluck
golden ticket member
We have a first lady who says......."all this for a flag?"
I tear up at flag raisings and national anthem moments........If I hated this country, I wouldn't be living here.
We were taught patriotism in school.....it was one nation UNDER GOD when I grew up !!
moreluck
golden ticket member
"Tax money keeps coming into the Treasury during the shutdown, and it vastly exceeds the interest that has to be paid on the national debt....."
Thomas Sowell: October 4, 2013
Even when it comes to something as basic, and apparently as simple and straightforward, as the question of who shut down the federal government, there are diametrically opposite answers, depending on whether you talk to Democrats or to Republicans.
There is really nothing complicated about the facts. The Republican-controlled House of Representatives voted all the money required to keep all government activities going -- except for ObamaCare.
This is not a matter of opinion. You can check the Congressional Record.
As for the House of Representatives' right to grant or withhold money, that is not a matter of opinion either. You can check the Constitution of the United States. All spending bills must originate in the House of Representatives, which means that Congressmen there have a right to decide whether or not they want to spend money on a particular government activity.
Whether ObamaCare is good, bad or indifferent is a matter of opinion. But it is a matter of fact that members of the House of Representatives have a right to make spending decisions based on their opinion. ObamaCare is indeed "the law of the land," as its supporters keep saying, and the Supreme Court has upheld its Constitutionality.
But the whole point of having a division of powers within the federal government is that each branch can decide independently what it wants to do or not do, regardless of what the other branches do, when exercising the powers specifically granted to that branch by the Constitution.
The hundreds of thousands of government workers who have been laid off are not idle because the House of Representatives did not vote enough money to pay their salaries or the other expenses of their agencies -- unless they are in an agency that would administer ObamaCare.
Since we cannot read minds, we cannot say who -- if anybody -- "wants to shut down the government." But we do know who had the option to keep the government running and chose not to. The money voted by the House of Representatives covered everything that the government does, except for ObamaCare.
The Senate chose not to vote to authorize that money to be spent, because it did not include money for ObamaCare. Senate Majority Leader Harry Reid says that he wants a "clean" bill from the House of Representatives, and some in the media keep repeating the word "clean" like a mantra. But what is unclean about not giving Harry Reid everything he wants?
If Senator Reid and President Obama refuse to accept the money required to run the government, because it leaves out the money they want to run ObamaCare, that is their right. But that is also their responsibility.
You cannot blame other people for not giving you everything you want. And it is a fraud to blame them when you refuse to use the money they did vote, even when it is ample to pay for everything else in the government.
When Barack Obama keeps claiming that it is some new outrage for those who control the money to try to change government policy by granting or withholding money, that is simply a bald-faced lie. You can check the history of other examples of "legislation by appropriation" as it used to be called.
Whether legislation by appropriation is a good idea or a bad idea is a matter of opinion. But whether it is both legal and not unprecedented is a matter of fact.
Perhaps the biggest of the big lies is that the government will not be able to pay what it owes on the national debt, creating a danger of default. Tax money keeps coming into the Treasury during the shutdown, and it vastly exceeds the interest that has to be paid on the national debt. Even if the debt ceiling is not lifted, that only means that government is not allowed to run up new debt. But that does not mean that it is unable to pay the interest on existing debt.
None of this is rocket science. But unless the Republicans get their side of the story out -- and articulation has never been their strong suit -- the lies will win.
Thomas Sowell: October 4, 2013
Even when it comes to something as basic, and apparently as simple and straightforward, as the question of who shut down the federal government, there are diametrically opposite answers, depending on whether you talk to Democrats or to Republicans.
There is really nothing complicated about the facts. The Republican-controlled House of Representatives voted all the money required to keep all government activities going -- except for ObamaCare.
This is not a matter of opinion. You can check the Congressional Record.
As for the House of Representatives' right to grant or withhold money, that is not a matter of opinion either. You can check the Constitution of the United States. All spending bills must originate in the House of Representatives, which means that Congressmen there have a right to decide whether or not they want to spend money on a particular government activity.
Whether ObamaCare is good, bad or indifferent is a matter of opinion. But it is a matter of fact that members of the House of Representatives have a right to make spending decisions based on their opinion. ObamaCare is indeed "the law of the land," as its supporters keep saying, and the Supreme Court has upheld its Constitutionality.
But the whole point of having a division of powers within the federal government is that each branch can decide independently what it wants to do or not do, regardless of what the other branches do, when exercising the powers specifically granted to that branch by the Constitution.
The hundreds of thousands of government workers who have been laid off are not idle because the House of Representatives did not vote enough money to pay their salaries or the other expenses of their agencies -- unless they are in an agency that would administer ObamaCare.
Since we cannot read minds, we cannot say who -- if anybody -- "wants to shut down the government." But we do know who had the option to keep the government running and chose not to. The money voted by the House of Representatives covered everything that the government does, except for ObamaCare.
The Senate chose not to vote to authorize that money to be spent, because it did not include money for ObamaCare. Senate Majority Leader Harry Reid says that he wants a "clean" bill from the House of Representatives, and some in the media keep repeating the word "clean" like a mantra. But what is unclean about not giving Harry Reid everything he wants?
If Senator Reid and President Obama refuse to accept the money required to run the government, because it leaves out the money they want to run ObamaCare, that is their right. But that is also their responsibility.
You cannot blame other people for not giving you everything you want. And it is a fraud to blame them when you refuse to use the money they did vote, even when it is ample to pay for everything else in the government.
When Barack Obama keeps claiming that it is some new outrage for those who control the money to try to change government policy by granting or withholding money, that is simply a bald-faced lie. You can check the history of other examples of "legislation by appropriation" as it used to be called.
Whether legislation by appropriation is a good idea or a bad idea is a matter of opinion. But whether it is both legal and not unprecedented is a matter of fact.
Perhaps the biggest of the big lies is that the government will not be able to pay what it owes on the national debt, creating a danger of default. Tax money keeps coming into the Treasury during the shutdown, and it vastly exceeds the interest that has to be paid on the national debt. Even if the debt ceiling is not lifted, that only means that government is not allowed to run up new debt. But that does not mean that it is unable to pay the interest on existing debt.
None of this is rocket science. But unless the Republicans get their side of the story out -- and articulation has never been their strong suit -- the lies will win.
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