Howdy from Texas
Jun 7, 2015 20:02:54 #
hardy45
Loc: Rockport, TX
I am a Texan all the way, let's pull together and clean out the White House. Quite dreaming, voting is not going to do it.
Jun 7, 2015 20:12:15 #
Jun 7, 2015 20:38:21 #
Jun 7, 2015 21:00:25 #
hardy45 wrote:
I am a Texan all the way, let's pull together and clean out the White House. Quite dreaming, voting is not going to do it.
How many 2-gun cowboys will you need to storm the White House?
Jun 7, 2015 21:18:55 #
slatten49
Loc: Lake Whitney, Texas
hardy45 wrote:
I am a Texan all the way, let's pull together and clean out the White House. Quite dreaming, voting is not going to do it.
Welcome, Hardy45 :!: Are you a native Texan, or a 'snowbird'? No offense, but Rockport is a haven for out-of-staters to reside during the winter. Many end up staying. :wink:
Jun 7, 2015 22:07:36 #
Jun 7, 2015 22:08:34 #
slatten49
Loc: Lake Whitney, Texas
hardy45 wrote:
Born Texan and will die Texan. lol
Myself :!: :thumbup:
Jun 7, 2015 22:25:21 #
JFlorio
Loc: Seminole Florida
State convention is the way to go. Breen following Mark Levin on this subject. More power to the states as outr Founders intended.
hardy45 wrote:
State convention we only need 9 more states to join in.
Jun 7, 2015 22:45:34 #
hardy45
Loc: Rockport, TX
Amen and a lot of prayers because when you get right down to it God is our only answer.
Jun 7, 2015 22:55:25 #
Mountain Woman
Loc: the wide open spaces
You got that right, Brother! We're in the fix we are in now for the simple reason that our country has turned away from God, and elected a bunch of goofballs who worship only themselves, and think we should worship them as well.
I'm not bowing my knee!
I'm not bowing my knee!
Jun 8, 2015 17:03:28 #
[quote=hardy45]Born Texan and will die Texan. lol[/quote===============================
As am I!!! Texas born and bred...
"'til Gabriel blows his horn!" Welcome aboard.
I'm for the C of S as laid out in Mark Levin's book, "The Liberty Amendments". I believe that's the answer to many of our problems. We need to get out from under this leviathan of a centralized government and get back to solving problems at the state level. Problem is, too many governors accepting federal dollars to balance state budgets. Large reason why Common Core took hold so easily. Texas is the model for the rest of the country to get their act together.
Now, I must go back to my daily dose of Texas Swing! On tap...The Quebe Sisters, Asleep at the Wheel, and ole Bob Wills himself. Even George knows that Bob Wills is still the king! And if you don't like Texas Swing then, "That's Not Very Texas of You" -Jon Wolfe.
As am I!!! Texas born and bred...
"'til Gabriel blows his horn!" Welcome aboard.
I'm for the C of S as laid out in Mark Levin's book, "The Liberty Amendments". I believe that's the answer to many of our problems. We need to get out from under this leviathan of a centralized government and get back to solving problems at the state level. Problem is, too many governors accepting federal dollars to balance state budgets. Large reason why Common Core took hold so easily. Texas is the model for the rest of the country to get their act together.
Now, I must go back to my daily dose of Texas Swing! On tap...The Quebe Sisters, Asleep at the Wheel, and ole Bob Wills himself. Even George knows that Bob Wills is still the king! And if you don't like Texas Swing then, "That's Not Very Texas of You" -Jon Wolfe.
Jun 8, 2015 17:23:22 #
[quote=Olden McGroen][quote=hardy45]Born Texan and will die Texan. lol[/quote===============================
As am I!!! Texas born and bred...
"'til Gabriel blows his horn!" Welcome aboard.
I'm for the C of S as laid out in Mark Levin's book, "The Liberty Amendments". I believe that's the answer to many of our problems. We need to get out from under this leviathan of a centralized government and get back to solving problems at the state level. Problem is, too many governors accepting federal dollars to balance state budgets. Large reason why Common Core took hold so easily. Texas is the model for the rest of the country to get their act together.
Now, I must go back to my daily dose of Texas Swing! On tap...The Quebe Sisters, Asleep at the Wheel, and ole Bob Wills himself. Even George knows that Bob Wills is still the king! And if you don't like Texas Swing then, "That's Not Very Texas of You" -Jon Wolfe.[/quote]
Only Congress can spend without income. Texas gets more from DC than it gives.
A PURELY RATIONAL VIEW OF CONGRESSIONAL SPENDING AND TAXING CONTAINING NO OPINIONS, ONLY FACTS AND LOGIC.
1. Only an irrational or moronic voter could possibly disagree with any of the following statements. In a just, rational society, such disagreement would disenfranchise the voter. Let there be justice and rationality!
2. Under our Constitution, only Congress can appropriate money. Hence, Congress has primary responsibility for our economy. Only by guiding Congress spending can the President affect the economy.
3. Our Constitution enables Congress to spend and sets no limit on its spending. Thus, Congress has an unlimited supply of money, has no need for income, and could spend without borrowing if Congress would only rescind its law requiring that the Treasury, by auctioning interest-bearing treasuries, borrow an amount at least equal to the annual federal budget deficit. Under the former gold standard regime, by offering savers a better investment than gold, that law protected our gold supply from depletion. The gold standard regime was dropped when our large trade deficit allowed foreign nations to threaten depletion of our gold supply. Since 1973, we have been under a fiat currency regime and have no need to protect our gold supply. Still enforced, the law unnecessarily increases federal debt and inhibits Congressional spending, such as hiring millions of unemployed to repair our 60,000 bridges now in critical need of repair.
Removing cash from the economy by auctioning treasuries does not prevent inflation, as widely claimed. The ultra-safe treasuries in pension funds, bank reserves, and trade collateral play an active role in the economy and can also be posted as collateral for bank loans, yielding equivalent cash. During the past six years, the Fed has converted treasuries worth over $3T into cash and is still worried about deflation!
4. Inflation is caused by too much money buying too few resources (goods and services) and is harmful whenever moderate interest rates cannot keep annual inflation below 3%. By promoting investment over saving, annual inflation between 2% and 3% is beneficial. Annual inflation below 2% is dangerously close to deflation, which is a disaster caused by too little money buying too many resources. Who would spend a dollar today if it would buy more stuff tomorrow? The thrift paradox would freeze our economy.
5. As its main purpose, federal taxation reduces inflation by confiscating money from consumers. If Congress under-taxed and/or over-spent, it would cause harmful inflation, the only limit on Congress spending.
6. For Congress, money is only a means of keeping score and is never a store of value. Congress can increase the value of the FEMA, Highway, Medicare, and Social Security trust funds without limit. To provide adequate infrastructure everywhere, free universities, sufficient medical care for all, and sustenance for all the young, disabled and old, Congress needs just physical resources and time, limited only by harmful inflation that moderate interest rates cannot prevent. For that, Congress will need everything but money!
7. By consuming resources, Congress spending increases inflation, decreases deflation, and combats recessions (see: J. M. Keynes). Ultimately, by consuming sufficient resources, Congress spending can end recessions (see: H. Schacht, A. Hitler, F. D. Roosevelt but, tragically, not B. H. Obama, N. P. A. Pelosi).
8. More and/or better infrastructure improves our productivity and reduces our costs. Our nations wealth is increased whenever Congress, through private contractors, builds infrastructure by hiring people and resources that would otherwise remain idle. Also, the newly hired people increase inflation by their increased spending. The added consumer demand promotes recovery from recessions.
9. Our nations wealth and inflation are increased whenever Congress, through private contractors, builds infrastructure by hiring people and resources in competition with private industry, limited only by the onset of harmful inflation. Congress, through its spending and taxing, choses the competitions winners.
10. The frictional unemployment rate is that irreducible amount, generally assumed to be less than 4%, caused by people changing their careers. Higher rates are due to chronic underspending by a Congress afraid of inflation that is mainly caused by bank lending, which creates the vast majority of our currency. The cure is better bank regulation, opposed by the Congress majority! In the past hundred years, the only serious inflations were caused by wartime or oil shortages, not by ordinary Congressional spending.
Pricing average annual construction labor at $40,000 and assuming that we have 150 million able workers, each percentage point of unemployment represents $60B of infrastructure not produced. Over our past 40 years of fiat currency, we have lost $2.4T worth of assets for every percentage point of average excess unemployment and its equivalent in underemployment and non-participation in the work force. At a 5% average excess unemployment rate, infrastructure worth $12T could have built enough desalination plants and the energy resources to run them to make all our deserts bloom and feed the entire planet.
11. The Federal Reserve System (the Fed) is a creature of Congress and, in theory, can be forced to do the bidding of Congress. Political science professor Michael D. Reagan has written that: ( from Wikipedia)
the ownership of the Reserve Banks by the commercial banks is symbolic; they do not exercise the proprietary control associated with the concept of ownership nor share, beyond the statutory dividend, in Reserve Bank profits. Bank ownership and election at the base are therefore devoid of substantive significance, despite the superficial appearance of private bank control
The Fed, besides administrating a check-clearing service, is mandated by Congress to seek maximum employment, stable prices, and moderate long-term interest rates With the last two items being closely related, this is often called the Feds dual mandate. In fact, it is only Congress itself that can directly carry out the maximum employment mandate by using its spending power. Thus, Congress has dishonestly shifted this critical responsibility onto a subordinate incapable of succeeding in the task.
The Fed mainly influences the economy through interest rates. It sets federal funds rate targets to encourage or discourage commercial borrowing. In an unprecedented treatment of debt, the Fed creates fiat currency to buy very large values of treasuries and government-guaranteed mortgage-backed securities on the open market, adding liquidity to the economy. Those who sell their securities to the Fed seek greater yield in stocks, commodities, real estate, etc. This raises the prices of such items, reduces treasury interest rates, and achieves an important Fed goal: easier borrowing in a recession. By law, 94% of the Feds annual profit must be returned to the Treasury. In 2014, about $90B was returned.
12. The above statements are true regardless of any federal debt. If, within a brief time, a large number of treasury holders were to trade their treasuries for cash and spend all of it, harmful inflation could occur. However, those treasury holders would make such a trade and then get rid of all their US dollars only if, by our failure to maintain and renew our infrastructure, we allow other nations to far exceed our productivity, surpass our manufacturing proficiency, and dominate us commercially in the world market.
©2015 Marvin Sussman All Rights Reserved. Permission granted only to copy entirely. June 7, 2015.
As am I!!! Texas born and bred...
"'til Gabriel blows his horn!" Welcome aboard.
I'm for the C of S as laid out in Mark Levin's book, "The Liberty Amendments". I believe that's the answer to many of our problems. We need to get out from under this leviathan of a centralized government and get back to solving problems at the state level. Problem is, too many governors accepting federal dollars to balance state budgets. Large reason why Common Core took hold so easily. Texas is the model for the rest of the country to get their act together.
Now, I must go back to my daily dose of Texas Swing! On tap...The Quebe Sisters, Asleep at the Wheel, and ole Bob Wills himself. Even George knows that Bob Wills is still the king! And if you don't like Texas Swing then, "That's Not Very Texas of You" -Jon Wolfe.[/quote]
Only Congress can spend without income. Texas gets more from DC than it gives.
A PURELY RATIONAL VIEW OF CONGRESSIONAL SPENDING AND TAXING CONTAINING NO OPINIONS, ONLY FACTS AND LOGIC.
1. Only an irrational or moronic voter could possibly disagree with any of the following statements. In a just, rational society, such disagreement would disenfranchise the voter. Let there be justice and rationality!
2. Under our Constitution, only Congress can appropriate money. Hence, Congress has primary responsibility for our economy. Only by guiding Congress spending can the President affect the economy.
3. Our Constitution enables Congress to spend and sets no limit on its spending. Thus, Congress has an unlimited supply of money, has no need for income, and could spend without borrowing if Congress would only rescind its law requiring that the Treasury, by auctioning interest-bearing treasuries, borrow an amount at least equal to the annual federal budget deficit. Under the former gold standard regime, by offering savers a better investment than gold, that law protected our gold supply from depletion. The gold standard regime was dropped when our large trade deficit allowed foreign nations to threaten depletion of our gold supply. Since 1973, we have been under a fiat currency regime and have no need to protect our gold supply. Still enforced, the law unnecessarily increases federal debt and inhibits Congressional spending, such as hiring millions of unemployed to repair our 60,000 bridges now in critical need of repair.
Removing cash from the economy by auctioning treasuries does not prevent inflation, as widely claimed. The ultra-safe treasuries in pension funds, bank reserves, and trade collateral play an active role in the economy and can also be posted as collateral for bank loans, yielding equivalent cash. During the past six years, the Fed has converted treasuries worth over $3T into cash and is still worried about deflation!
4. Inflation is caused by too much money buying too few resources (goods and services) and is harmful whenever moderate interest rates cannot keep annual inflation below 3%. By promoting investment over saving, annual inflation between 2% and 3% is beneficial. Annual inflation below 2% is dangerously close to deflation, which is a disaster caused by too little money buying too many resources. Who would spend a dollar today if it would buy more stuff tomorrow? The thrift paradox would freeze our economy.
5. As its main purpose, federal taxation reduces inflation by confiscating money from consumers. If Congress under-taxed and/or over-spent, it would cause harmful inflation, the only limit on Congress spending.
6. For Congress, money is only a means of keeping score and is never a store of value. Congress can increase the value of the FEMA, Highway, Medicare, and Social Security trust funds without limit. To provide adequate infrastructure everywhere, free universities, sufficient medical care for all, and sustenance for all the young, disabled and old, Congress needs just physical resources and time, limited only by harmful inflation that moderate interest rates cannot prevent. For that, Congress will need everything but money!
7. By consuming resources, Congress spending increases inflation, decreases deflation, and combats recessions (see: J. M. Keynes). Ultimately, by consuming sufficient resources, Congress spending can end recessions (see: H. Schacht, A. Hitler, F. D. Roosevelt but, tragically, not B. H. Obama, N. P. A. Pelosi).
8. More and/or better infrastructure improves our productivity and reduces our costs. Our nations wealth is increased whenever Congress, through private contractors, builds infrastructure by hiring people and resources that would otherwise remain idle. Also, the newly hired people increase inflation by their increased spending. The added consumer demand promotes recovery from recessions.
9. Our nations wealth and inflation are increased whenever Congress, through private contractors, builds infrastructure by hiring people and resources in competition with private industry, limited only by the onset of harmful inflation. Congress, through its spending and taxing, choses the competitions winners.
10. The frictional unemployment rate is that irreducible amount, generally assumed to be less than 4%, caused by people changing their careers. Higher rates are due to chronic underspending by a Congress afraid of inflation that is mainly caused by bank lending, which creates the vast majority of our currency. The cure is better bank regulation, opposed by the Congress majority! In the past hundred years, the only serious inflations were caused by wartime or oil shortages, not by ordinary Congressional spending.
Pricing average annual construction labor at $40,000 and assuming that we have 150 million able workers, each percentage point of unemployment represents $60B of infrastructure not produced. Over our past 40 years of fiat currency, we have lost $2.4T worth of assets for every percentage point of average excess unemployment and its equivalent in underemployment and non-participation in the work force. At a 5% average excess unemployment rate, infrastructure worth $12T could have built enough desalination plants and the energy resources to run them to make all our deserts bloom and feed the entire planet.
11. The Federal Reserve System (the Fed) is a creature of Congress and, in theory, can be forced to do the bidding of Congress. Political science professor Michael D. Reagan has written that: ( from Wikipedia)
the ownership of the Reserve Banks by the commercial banks is symbolic; they do not exercise the proprietary control associated with the concept of ownership nor share, beyond the statutory dividend, in Reserve Bank profits. Bank ownership and election at the base are therefore devoid of substantive significance, despite the superficial appearance of private bank control
The Fed, besides administrating a check-clearing service, is mandated by Congress to seek maximum employment, stable prices, and moderate long-term interest rates With the last two items being closely related, this is often called the Feds dual mandate. In fact, it is only Congress itself that can directly carry out the maximum employment mandate by using its spending power. Thus, Congress has dishonestly shifted this critical responsibility onto a subordinate incapable of succeeding in the task.
The Fed mainly influences the economy through interest rates. It sets federal funds rate targets to encourage or discourage commercial borrowing. In an unprecedented treatment of debt, the Fed creates fiat currency to buy very large values of treasuries and government-guaranteed mortgage-backed securities on the open market, adding liquidity to the economy. Those who sell their securities to the Fed seek greater yield in stocks, commodities, real estate, etc. This raises the prices of such items, reduces treasury interest rates, and achieves an important Fed goal: easier borrowing in a recession. By law, 94% of the Feds annual profit must be returned to the Treasury. In 2014, about $90B was returned.
12. The above statements are true regardless of any federal debt. If, within a brief time, a large number of treasury holders were to trade their treasuries for cash and spend all of it, harmful inflation could occur. However, those treasury holders would make such a trade and then get rid of all their US dollars only if, by our failure to maintain and renew our infrastructure, we allow other nations to far exceed our productivity, surpass our manufacturing proficiency, and dominate us commercially in the world market.
©2015 Marvin Sussman All Rights Reserved. Permission granted only to copy entirely. June 7, 2015.
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