The Dutchman

This is way above any progressive / liberals ability to understand, what the heck their messiah can't even understand it....

http://www.youtube.com/embed/Li0no7O9zmE

Reaganite Loc: Missouri

Good one... :thumbup:

GEM lucas Loc: TRIADELPHIA ,WV

yea that was good. :-D :-D

Trooper745 Loc: Carolina

Cute, but spot-on true! The problem is that conservatives and most of the taxpayers don't understand that the people getting the free crap don't care how high the debt is, don't care what freedoms are destroyed, and don't care what happens to this country.

Those getting the free crap only care about whether next month's check shows up in their mailbox. They won't even consider that there is a problem until the free crap suddenly doesn't come to them! Until then, they'll v**e for the democrats promising more free crap!

The Dutchman

"The world is made up of givers and takers. There is no in-between."

If this is true, then half of us are trying to make the world a better place and the other half of us are trying to tear it down. How can we have hope if we are so radically divided? If those of us who are givers can never get ahead because the takers ruin everything, should we get tough and start considering them the enemy? If there is this battle between good and evil, right and wrong, how do we win? It seems the takers are winning right now and have the rest of us in retreat.

ibKelly

How funny.... now.. they need to have some of these 'foreigners' from all over the world coming in to the White House saying they want Amnesty, Food Stamps, Free Housing, Free Schooling, Free Medical, and anything else with the word 'FREE' written on it, like they usually do, so the guy sitting in front of them can stamp their f**e credentials 'OK' and tell 'em to send all others needing 'free' stuff to this Office! Only in America !!!!

stan3186

This is so sad but true and to think that the President and majority of Congress "think" just like this guy. Who cares what happens as long as the free ride continues. Amazing how stupid Liberals are to believe they can continue to think like this and their are no consequences to their stupidity.

Where are the libartards on this thread? Let us hear how you defend this. I really wonder what kinds of BS will come from your mouths. Oh, I know, we must be r****t.

4430 Loc: Little Egypt ** Southern Illinory

:thumbup: :thumbup: :thumbup: :thumbup:

big D

If you only had a clue! The world is flat, please step off soon!

Bruce Kennedy Loc: Kansas

Aww! Is lifey to rough for you? Did those mean old poor people take some of your tax dollars? Awww, poor you. Waaa! Waaa! Life is so unfair. I don't see how you even have a life. All of your money taken by the mean old 'government takers' and given to those lazy no account poor people and their children, and for food no less. What a travesty! What about those no account military people who sponge off the government after they've been wounded in foreign lands fighting for this country? All they do is come back home and sponge off all you "good givers". They are nothing but "Takers", sponging off the government. And all those retired military "sponges", nothing but "Takers". After all, there is no "in between", so they must be takers. And what about all those corporations sponging off the government, don't forget corporations are people too, my friend. What about all the money they take from hard working givers, such as yourself. They are nothing but "Takers", taking your hard earned money, because always remember "there is no in between".

stan3186

Exactly what are you talking about. "The world is flat" is that some kind of criticism? If you are defending the i***t (liberal) in the video, then it's no wonder this country is in the condition it is and going downhill.
Try to defend this if you are a liberal, if you are just stupid and can't follow the logic, then just keep it to yourself. We don't need any more stupid people on this forum.

stan3186

Well, just keep piling up the debt and all your loveable losers will have nothing left to take. I find it amazing how you rationalize continuing to spend more money than we take in as a good thing. I bet you borrow from one credit card to pay the interest on the others. Keep doing that and see how long it last. At some point you will stop getting more credit cards you can borrow from, and then what? Bankruptcy.! But that is just fine with you because you can start the cycle all over again. TALK ABOUT LOSERS!

permafrost Loc: Minnesota

Stan, the video was like a cartoon, funny and intended to amuse.. All the right wingers on the forum seem to be amused. Arn`t you?

MarvinSussman

Congress is not a user of currency. Congress is an issuer of currency.

If you could legally print money in your attic, why would you balance your budget?

Q1: For taxpayers, is our “national debt” really a burden that must be repaid?
A1: No. For taxpayers, it is not a real debt. It’s a “Debt In Name Only”, a “DINO”-*

THE DINO IS NOT NOW AND NEVER WILL BE A BURDEN FOR TAXPAYERS. It is not the taxpayers but rather the buyers of newly-issued bonds who, in a virtual rollover, pay for redemption of mature bonds. In every auction, more bonds are demanded than are available. Auction winners get the safest, most liquid US dollar instruments; the losers are stuck with bank risk. If it were ever necessary, the Fed, with cost-free keystrokes, could increase the demand for bonds by buying a large slice of the DINO in the market.

THE DINO WILL NEVER BE REPAID AND SHOULD NEVER BE REPAID. Only a budget surplus can reduce the DINO. Since Truman, no President has reduced the DINO and no annual budget surplus is now in sight. To supply enough bonds, the ONLY risk-free securities used for trade collateral, insurance, pensions, bank reserves, etc., the DINO MUST GROW with the economy! Our world needs the DINO!

Every federal dollar spent and not taxed is saved by the private sector. Yes! DEFICITS = SAVINGS! The Treasury has a “national debt” and the private sector has a “national asset”! The bad “Debt Clock” is also the good “Asset Clock”. Since, with our trade deficit, we export money, deficit spending is our economy’s SOLE source of savings! In fact, if large budget deficits don’t soon replace our vanishing cash, deflation will freeze our economy solid. Who would spend a dollar today if it would buy more tomorrow?

Our economy is suffering from acute anemia. Our (DINO + total bank deposits) / GDP ratio is less than half of China’s figure. Our M2 (money supply) / GDP ratio is half of Switzerland’s ratio and one fourth of Hong Kong’s ratio. To become and stay prosperous, we need to DOUBLE the DINO / GDP ratio to return it to the World War II level that was followed by 35 years of prosperity without harmful inflation.

Ine******y worsens the anemia. Most of the paltry money supply circulates among the Rich who corrupt Congress for estate laws to stay rich to buy Congress for laws that enrich the Rich to buy Congress…..etc.
Wealth is power and inherited wealth is inherited power: aristocracy, always the enemy of meritocracy!

Q2: Won’t the annual debt interest expense explode the budget?
A2: Bond-holders’ taxes return about 20% of their interest income. New bond issues finance the rest. As no physical resources are consumed and the money supply does not change, there is NO INFLATIONARY EFFECT. About 80% of the interest is added to the DINO, which is good. For those reasons, CBO budget economists deal only with the “primary” budget, which excludes the annual debt interest expense.

Q3: Could savers make a “run” on US Treasury bonds?
A3: Yes, when savers can get risk-free returns from the Wall Street casino or from GM bonds, Illinois bonds, or Detroit bonds. Safety is not everything. Safety is the ONLY thing! That’s why the whole world relies on US bonds.

Q4. Could savers stop buying US Treasury bonds?
A4. Yes, indeed! SAVERS WILL ALWAYS WANT THE SAFEST BONDS for trade collateral, insurance, pensions, bank reserves, etc. Now, almost two thirds of the world’s reserve currencies are in US dollars and almost half of all US Treasury bonds are held by foreigners. But if China’s infrastructure and productivity become better than ours, its bonds could become safer than ours and we could then lose our bond-buyers. And that could happen if US v**ers let their DINO concerns stop the renewal of falling bridges, failing schools, creaking railroads, leaking sewers, etc. Money can be printed, but infrastructure has to be built with real resources over time, which has no substitute.

Q5: Won’t we need higher income tax rates to pay for infrastructure?
A5: Congress NEVER asks the Treasury if can pass a spending bill. In effect, Congress writes a check that Treasury NEVER bounces. To finance a deficit, the Treasury auctions new bonds created out of thin air with keystrokes.

The only rational reason to restrict deficit spending is the onset
of harmful inflation. Until then, Congress can
finance both the DINO’s annual interest payment and our much-needed infrastructure. Every day, you fill your sink with water AND you prevent it from overflowing. Why can’t Congress fill our economy with money by building infrastructure AND prevent harmful inflation? China builds 24/7 without harmful inflation. Why can’t we do that?

While a bank holding too many bad loans can certainly hold too many maturing CDs, our non-lending Treasury cannot hold too many maturing bonds unless its deficit spending causes harmful inflation. And that happens ONLY in a war or emergency requiring rationing. It NEVER happens during a recession. During prosperity, banks are ALWAYS the main cause of inflation, creating over $6 of credit for every $1 of deficit spending. To curb inflation, regulate the banks before stopping work on infrastructure projects!

Q6: How much should Congress tax and spend?
A6: Ideally, Congress should tax just enough to prevent harmful inflation and should spend almost enough to cause full employment (and therefore harmful inflation). Result: prosperity with low inflation.

Instead, bribed by Wall Street, Congress taxes as little as possible, enriching the rich, and spends as little as possible, impoverishing the rest of us by restricting deficits / savings. Just as quacks k**led George Washington by bleeding his “bad blood”,

Congress is destroying our younger generations by reducing (possibly to zero!) our annual budget deficits / private sector savings increase / consumer demand. And, by bribing Congress to pass austerity budgets, the Wall Street charlatans are deliberately nursing a huge army of unemployed labor to suppress the wages and working conditions of the shrinking middle class.

Q7: How should one v**e?
A7: V**e only for someone who NEVER EVER worries about the DINO and who ALWAYS worries about people looking for work and drawing benefits instead of building infrastructure for their grandchildren.

Q8: “I have to balance my budget. Why doesn’t Congress balance its budget?”
A8: If you could legally print money in your attic, why would you balance your budget? Congress only needs to balance full employment against harmful inflation. Why is something so simple so hard to see?

To stay ahead of China, please help me convince v**ers that deficit spending on infrastructure is limited ONLY by harmful inflation (nowhere in sight). Please copy and distribute this message where possible.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
*The Q & A dialogue above is based on works by: (books cost about $10)
Frank N. Newman, former Deputy Secretary of the US Treasury, recipient of the Treasury’s annual “Alexander Hamilton” award, author of “Freedom from National Debt” (Two Harbors Press);
Francis X. Cavanaugh, US Treasury economist for over 30 years, author of: “The T***h about the National Debt”: Five Myths and One Reality” (Harvard Business School Press);
Warren Mosler, economist, author of “Seven Deadly Frauds of Economic Policy” (Oxford U. Press);
Dr. Stephanie Kelton, Chair of the UMKC Economics Department, at NewEconomicPerspectives.org.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
© 2014 Marvin Sussman All Rights Reserved. Permission granted only to copy entirely.

4430 Loc: Little Egypt ** Southern Illinory

The video tells it like it is with the government today !

SO I take it your all for throwing all caution to the wind with tax and spend then borrow then tax and spend then borrow !

Absolutely no accountability just ride the train till it crashes !