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Jul 17, 2015 09:19:49   #
BigMike Loc: yerington nv
 
MarvinSussman wrote:
Oh great! Your daycare nurse let you use the keyboard!


:P :thumbup:

Reply
Jul 20, 2015 16:54:14   #
straightUp Loc: California
 
MarvinSussman wrote:
By Congress, the Fed Chair is deliberately given independence from political pressure for a definite period. But, besides being able to effectively reduce the national debt, the Fed can only manipulate interest rates to achieve "stable prices and moderate long-term interest rates" as mandated by Congress. And 96% is some "percentage of its revenue" for a private corporation.

In summary and in substance, the Fed is trying to do exactly what Congress wants it to do. It often fails to do its job right but that's true of all government offices.

The practical test is: if the Fed were actually part of the administration with the same distance from the President as is the DOJ and the IRS, would the Fed behave differently than it does now. My answer is NO!
By Congress, the Fed Chair is deliberately given i... (show quote)

Why would it? I don't see how this is testing anything. Just because two partners can dance together doesn't mean they ARE each other. I used to work for a defense contractor that did a lot of dancing with Congress, but that didn't make them a part of the government.

MarvinSussman wrote:

Therefore, in substance and in my opinion, the Fed is practically a government institution.

Well, I'm glad we got that straightened out. Yes, I can see how someone would say the Fed is "practically" a government institution... I may even agree to some extent. I just think that when discussing transactions between the Federal Reserve and Federal Government, it's important to understand the legal relationship between them despite any substantial opinions about the coziness of the contract.

Sorry, it took a few days for me to get back to you on this... I get busy sometimes. It's been a nice discussion though. You even taught me something I didn't know. So thanks. ;)

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Jul 20, 2015 19:16:04   #
MarvinSussman
 
straightUp wrote:
Well, I'm glad we got that straightened out. Yes, I can see how someone would say the Fed is "practically" a government institution... I may even agree to some extent. I just think that when discussing transactions between the Federal Reserve and Federal Government, it's important to understand the legal relationship between them despite any substantial opinions about the coziness of the contract.

Sorry, it took a few days for me to get back to you on this... I get busy sometimes. It's been a nice discussion though. You even taught me something I didn't know. So thanks. ;)
Well, I'm glad we got that straightened out. Yes, ... (show quote)


You are welcome. A pleasure to be engaged rationally.

Reply
 
 
Jul 20, 2015 19:20:34   #
MarvinSussman
 
straightUp wrote:
Well, I'm glad we got that straightened out. Yes, I can see how someone would say the Fed is "practically" a government institution... I may even agree to some extent. I just think that when discussing transactions between the Federal Reserve and Federal Government, it's important to understand the legal relationship between them despite any substantial opinions about the coziness of the contract.

Sorry, it took a few days for me to get back to you on this... I get busy sometimes. It's been a nice discussion though. You even taught me something I didn't know. So thanks. ;)
Well, I'm glad we got that straightened out. Yes, ... (show quote)


Large defense contractors are also practically a government entity. The private army in Iraq and Afghanistan was as much government as the Hessians pursuing George Washington.

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Jul 20, 2015 21:48:20   #
straightUp Loc: California
 
MarvinSussman wrote:
Large defense contractors are also practically a government entity. The private army in Iraq and Afghanistan was as much government as the Hessians pursuing George Washington.

Perspectives... George Washington was also AWOL from the British Army. As for mercenaries in general, I don't consider them government. I realize it may seem like a fine line but I have reasons to take this stance.

For instance, an issue surfaced a few years back when Blackwater was getting a lot of attention in Iraq. Actually, the U.S. government was getting a lot of attention in Iraq for the same reason... the question of human rights. I read several statements of concern from international human rights advocates and their go-to reference is often the agreements that we signed, such as the Geneva Convention. I learned that private "security" firms are not obligated to honor these international accords, since they never signed them, the U.S. government did and according to their legal position on the issue, none of these security firms are a part of the government.

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Jul 21, 2015 00:30:12   #
MarvinSussman
 
straightUp wrote:
Perspectives... George Washington was also AWOL from the British Army. As for mercenaries in general, I don't consider them government. I realize it may seem like a fine line but I have reasons to take this stance.

For instance, an issue surfaced a few years back when Blackwater was getting a lot of attention in Iraq. Actually, the U.S. government was getting a lot of attention in Iraq for the same reason... the question of human rights. I read several statements of concern from international human rights advocates and their go-to reference is often the agreements that we signed, such as the Geneva Convention. I learned that private "security" firms are not obligated to honor these international accords, since they never signed them, the U.S. government did and according to their legal position on the issue, none of these security firms are a part of the government.
Perspectives... George Washington was also AWOL fr... (show quote)


I have no quarrel about the legality of the matter. It's the use of private enterprise as nothing but a tool of government that makes the question arise. Small government indeed!

Of course, during WW II, it was more obvious. Clothing manufacturers and food providers had nothing but government contracts - cost plus 10% contracts! While I was putting away a dollar a day out of my corporal's salary, producers could be making a fortune. The story I heard was that the government offered cost plus 5% but business leaders held out for 10%. I wouldn't doubt it.

Blackwater employees took less chances than soldiers but got paid much more for it. Then there is the saying among the troops: When the going gets rough, the contractors start going.

While budget cutters are skimping on administration funding and government employees have wage freezes, contractors can hold out for riches.

Private enterprise in those circumstance is corruption.

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Jul 22, 2015 08:03:14   #
Bad Bob Loc: Virginia
 
MarvinSussman wrote:
I have no quarrel about the legality of the matter. It's the use of private enterprise as nothing but a tool of government that makes the question arise. Small government indeed!

Of course, during WW II, it was more obvious. Clothing manufacturers and food providers had nothing but government contracts - cost plus 10% contracts! While I was putting away a dollar a day out of my corporal's salary, producers could be making a fortune. The story I heard was that the government offered cost plus 5% but business leaders held out for 10%. I wouldn't doubt it.

Blackwater employees took less chances than soldiers but got paid much more for it. Then there is the saying among the troops: When the going gets rough, the contractors start going.

While budget cutters are skimping on administration funding and government employees have wage freezes, contractors can hold out for riches.

Private enterprise in those circumstance is corruption.
I have no quarrel about the legality of the matter... (show quote)


:thumbup: :thumbup: :lol: :lol: :lol:







Reply
 
 
Aug 5, 2016 18:56:41   #
Chameleon12
 
MarvinSussman wrote:
I have no quarrel about the legality of the matter. It's the use of private enterprise as nothing but a tool of government that makes the question arise. Small government indeed!

Of course, during WW II, it was more obvious. Clothing manufacturers and food providers had nothing but government contracts - cost plus 10% contracts! While I was putting away a dollar a day out of my corporal's salary, producers could be making a fortune. The story I heard was that the government offered cost plus 5% but business leaders held out for 10%. I wouldn't doubt it.

Blackwater employees took less chances than soldiers but got paid much more for it. Then there is the saying among the troops: When the going gets rough, the contractors start going.

While budget cutters are skimping on administration funding and government employees have wage freezes, contractors can hold out for riches.

Private enterprise in those circumstance is corruption.
I have no quarrel about the legality of the matter... (show quote)


Private Enterprise is also bad when it comes to jails and prisons.

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Aug 8, 2016 10:05:10   #
straightUp Loc: California
 
Chameleon12 wrote:
Private Enterprise is also bad when it comes to jails and prisons.

I agree.

Reply
Oct 7, 2016 03:27:18   #
Chameleon12
 
straightUp wrote:
I agree.


The ACA is a disaster though.

Reply
Oct 7, 2016 05:12:02   #
Bad Bob Loc: Virginia
 
Chameleon12 wrote:
The ACA is a disaster though.


What do you have that is better? Medicare?

Reply
 
 
Oct 7, 2016 08:55:16   #
MarvinSussman
 
Bad Bob wrote:
What do you have that is better? Medicare?


Medicare for everybody is the only thing better than today's Medicare

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Oct 7, 2016 09:19:50   #
Bad Bob Loc: Virginia
 
MarvinSussman wrote:
Medicare for everybody is the only thing better than today's Medicare


Smart man, ya must be a damn liberal commie!!!

Reply
Mar 6, 2017 06:14:52   #
Chameleon12
 
Bad Bob wrote:
What do you have that is better? Medicare?


It is now.

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