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Very Hot Topic (More than 25 Replies) Interest On Public Debt to Quadruple In Ten Years (Read 5,459 times)
FellowPatriot
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #30 - 02/08/15 at 07:37:41
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Shooterman wrote on 02/07/15 at 11:12:19:
Doubtful, regardless of how many times you repeat it. The debt at the end of G W Bush term was about 12.5 Trillion. At present it is somewhere north of 18 Trillion. The very simple math I was taught many many moons ago, says ( even if rounded up to about 6 Trillion added during Obama's term, it is still far short of 12.5 Trillion.

Granted it is a problem, but the question was not to recognize the problem, but what should be done about it ( if anything can ) short of the massive tax hike FP has mentioned. The problem, as we all know, is too much spending. What is the answer to the problem? 800 Billion projected in interest alone, greater than the defense spending and discretionary spending. Repeating what the problem is in no way solves it?

So, N-T, with all due respect, Sir, kindly tell us the solution.


Quote:
but what should be done about it ( if anything can ) short of the massive tax hike FP has mentioned.


Simple in nature, but we have a citizenry that will make it hard on themselves.

Force peacefully Gov REFORM before another election. There you have it!
  
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FellowPatriot
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #31 - 02/08/15 at 07:42:50
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Naturalized-Texan wrote on 02/07/15 at 10:53:26:
The major problem is that Obama has added more to the national debt than did all the presidents from George Washington through George W. Bush, COMBINED.



No, the major problem is that the debt was 10 to 11 trillion before Obama even took office.

The problem is that both former presidents and congresses(Repubs & Dims) have just past the 'Baton' of debt to the next Admin/congress as Obama and the Republican controlled congress will do the same thing..
  
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FellowPatriot
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #32 - 02/08/15 at 07:51:36
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Bob S wrote on 02/07/15 at 11:19:26:
The solution - is for the country to elect leaders that are prepared to make financially responsible decisions.  Money that could be saved on the abuse of entitlements, etc is huge.  Money that could be saved by a decision to NOT provide aid to countries that hate us - this could save us billions.

But - there are no leaders on either side that have the stones to even think in these terms.

So our deterioration will continue, until we resemble the examples of "has beens" around the world.

Taxes will rise, but so will entitlements - until this whole thing implodes, and the US basically becomes Greece.

China is watching all this with intense interest, and amusement.  God help us, and God forgive us for squandering this incredible opportunity that He gave us.

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[quote author=pdxrj link=1423320092/0#6 date=1423325966]The solution - is for the country to elect leaders that are prepared to make financially responsible decisions.  Money that could be saved on the abuse of entitlements, etc is huge.  Money that could be saved by a decision to NOT provide aid to countries that hate us - this could save us billions.



I don't think so.  It's not a matter of electing leaders that will make responsible financial decisions. It's a matter of, can it even make a difference now because we are so far in debt now?
  
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Shooterman
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #33 - 02/08/15 at 08:00:28
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Quote:
Simple in nature, but we have a citizenry that will make it hard on themselves.

Force peacefully Gov REFORM before another election. There you have it!


With all due respect, FP, that is no more than BS Rhetoric. How ever do you FORCE  Peacefully Government Reform? What does that entail?

Platitudes are wonderful things but basically worthless when the nitty gets gritty.
  

Our Bill of Rights constitutes a cluster of little foxholes of liberty ground into the hard cold face of history by helpless men for a shield against the lash of tyrants. They are the result of distrust of power and distrust of men in power. They are a recognition of Lord Acton's statement of a truth eternal--"power corrupts, and absolute power corrupts absolutely."R. CARTER PITTMAN&&Dalton, Ga., Sept. 28, 1955.DRAFT JAN MORGAN FOR PRESIDENT!
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FellowPatriot
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #34 - 02/08/15 at 08:01:30
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Shooterman wrote on 02/07/15 at 12:28:27:
Nope! You are tracking the problem very well. We will not reduce spending. We will print more money out of thin air ( Thank you Federal Reserve ) and we will continue to pay the interest to the fat cat bankers that own the Federal Reserve, on money they created and 'loaned' to us.



All by my memory:

" I believe that banking institutions are more dangerous to our liberties than standing armies. If, the American people EVER allow private banks to control the issue THEIR currency, first by inflation then by deflation, the banks and the corporations that grow up around the banks WILL deprive the people of all property , until their children wake up homeless on the continent their fathers conquered"!

- Thomas Jefferson 1802
  
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FellowPatriot
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #35 - 02/08/15 at 08:07:16
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Shooterman wrote on 02/08/15 at 08:00:28:
With all due respect, FP, that is no more than BS Rhetoric. How ever do you FORCE  Peacefully Government Reform? What does that entail?

Platitudes are wonderful things but basically worthless when the nitty gets gritty.



Rosa parks not giving her seat up to a white man in 1955 ring a bell? Peaceful intent, doesn't mean it can't morph into something else. But it did have peaceful intent didn't it?

The one thing we have going for us is the mass numbers of the American people who either participate in the political process or that don't that are sick of the BS. We all have that in common don't we?
  
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Shooterman
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #36 - 02/08/15 at 09:22:18
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Quote:
All by my memory:

" I believe that banking institutions are more dangerous to our liberties than standing armies. If, the American people EVER allow private banks to control the issue THEIR currency, first by inflation then by deflation, the banks and the corporations that grow up around the banks WILL deprive the people of all property , until their children wake up homeless on the continent their fathers conquered"!

- Thomas Jefferson 1802


Ah yes! Mr Jefferson who advocated raising taxes to pay off debt or at least to pay the interest on the debt.
  

Our Bill of Rights constitutes a cluster of little foxholes of liberty ground into the hard cold face of history by helpless men for a shield against the lash of tyrants. They are the result of distrust of power and distrust of men in power. They are a recognition of Lord Acton's statement of a truth eternal--"power corrupts, and absolute power corrupts absolutely."R. CARTER PITTMAN&&Dalton, Ga., Sept. 28, 1955.DRAFT JAN MORGAN FOR PRESIDENT!
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Shooterman
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #37 - 02/08/15 at 09:44:15
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Quote:
Rosa parks not giving her seat up to a white man in 1955 ring a bell? Peaceful intent, doesn't mean it can't morph into something else. But it did have peaceful intent didn't it?

The one thing we have going for us is the mass numbers of the American people who either participate in the political process or that don't that are sick of the BS. We all have that in common don't we?



As a constitutionalists, FP, I would suggest to you that regardless of the 'peaceful intent' of Mrs Parks, you would recognize she had broken the law and deserved punishment of some kind.

I realize that sounds harsh, but just because nine unelected liberal Supremes For Life, had decreed that segregation was wrong ( the morality of the situation not withstanding ) it was still by law and precedent legal. The decision in Brown, which started the Donnybrook, was a political gambit, as had been the DOI, Lincoln's lies at Gettysburg, and his Emancipation Proclamation. We have been on a socialistic bent ever since.
  

Our Bill of Rights constitutes a cluster of little foxholes of liberty ground into the hard cold face of history by helpless men for a shield against the lash of tyrants. They are the result of distrust of power and distrust of men in power. They are a recognition of Lord Acton's statement of a truth eternal--"power corrupts, and absolute power corrupts absolutely."R. CARTER PITTMAN&&Dalton, Ga., Sept. 28, 1955.DRAFT JAN MORGAN FOR PRESIDENT!
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FellowPatriot
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #38 - 02/08/15 at 10:06:51
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Shooterman wrote on 02/08/15 at 09:22:18:
Ah yes! Mr Jefferson who advocated raising taxes to pay off debt or at least to pay the interest on the debt.


Tax structure as you know shooter was entirely different back in his day. So raising taxes in his day was really different when really, there wasn't much in taxes to begin with. Taxes are constitutional.

Thing is, now, we're tax to death literally!
  
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FellowPatriot
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Re: Interest On Public Debt to Quadruple In Ten Years
Reply #39 - 02/08/15 at 10:09:22
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Shooterman wrote on 02/08/15 at 09:44:15:
As a constitutionalists, FP, I would suggest to you that regardless of the 'peaceful intent' of Mrs Parks, you would recognize she had broken the law and deserved punishment of some kind.

I realize that sounds harsh, but just because nine unelected liberal Supremes For Life, had decreed that segregation was wrong ( the morality of the situation not withstanding ) it was still by law and precedent legal. The decision in Brown, which started the Donnybrook, was a political gambit, as had been the DOI, Lincoln's lies at Gettysburg, and his Emancipation Proclamation. We have been on a socialistic bent ever since.  



Quote:
As a constitutionalists, FP, I would suggest to you that regardless of the 'peaceful intent' of Mrs Parks, you would recognize she had broken the law and deserved punishment of some kind.


Don't want to get in endless discussion with you on that.

The point I was making is she gotter done! She got the ball rolling. She started the reform.
  
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