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alstry (36.32)

CUT The Deficit AND RAISE Taxes On The Republicans

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February 25, 2011 – Comments (6)

What most Republicans DON'T understand is the MASSIVE Government Deficit Drives the American Economy AND THE TAX RECEIPTS TO GOVERNMENT.

w/o the deficit, tax receipts evaporate.

It is the massive deficit that is keeping taxes so low for Republicans.....without the GOVERNMENT deficit....Republicans will have to pay MUCH MORE taxes.....MUCH MUCH MORE to maintain the world as they know it!!!! Did I say much more?

The legal issue is now who is entitled to the deficit dollars now that they come from GOVERNMENT borrowing and NOT private borrowing....especially in a nation where all men are perceived created equal...they should be distributed equitably.

When the deficit dollars came from PRIVATE borrowing and PRIVATE liabilities, it was a different story....now the money comes from Government borrowing...thus it is the peoples' money.

Why should bankers and stockholders get trillions of GOVERNMENT deficit dollars AND NOT STUDENTS?  aren't the students citizens of the government too?

When private individuals borrow money, the money belongs privately to the borrower and so do the liabilities.

When the GOVERNMENT borrows the money, the money belongs to the PEOPLE.

Pretty soon the students are going to say F*** Off to the Republicans(and democrats).  The are going to reject their money, and their gold, and start their own currency in the form of Digital Credits. 

The best part, is that they will not accept the Republicans gold or money when they want to be served at a restaurant, or shop at their stores, or drink their beer....and the Republicans will be standing their crying wondering what happened while they were staring at the ticker...

and then it is a www.udderworld.com

6 Comments – Post Your Own

#1) On February 25, 2011 at 12:04 PM, caterpillar10 wrote:

students, sure, but don't forget seniors...for the first time in my life i'm collecting unemployment, AND working, AND using foodstamps (grandchilren), AND it's all legal/fully disclosed, AND all runs through debit and EBT cards that i track on the net. most frightening of all: you are starting to make sense:)

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#2) On February 25, 2011 at 12:16 PM, alstry (36.32) wrote:

Why do you think I call my website Udderworld.com

Back when most of the borrowing in America was PRIVATE borrowing, the legal system and economic theories were structured for a private economy.

Once we stopped/slowed private lending the the borrowing shifted to PUBLIC borrowing, everything was turned upside down from a Legal/Economic perspective....it is just that most people couldn't see it.

They are finally waking up.....that is why kids/people are revolting around the world.  It is first starting with the subprime countries and will spread everywhere.

When dealing with allocation of government money, we have to deal with EVERYONE....as we are structured as a government run by and for WE THE PEOPLE.  Now, if we want to convert to a Dictatorship or Military Oligarchy....that is a different analysis.

As an attorney, I could argue any side.

The problem is a mess and it requires higher level thinkers to deal with it so we don't breakdown.....not Fools like Alstry;)

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#3) On February 25, 2011 at 12:27 PM, RagingBull0 (48.96) wrote:

I think you are overly obsessed with Republicans.  You know, rich Democrats and even Independents benefit from low taxes too.

I agree,  The way to cut the deficit is to raise taxes, cut spending or a combination of both.  Everything else is a big load of bs that won't help.

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#4) On February 25, 2011 at 12:28 PM, Varchild2008 (84.50) wrote:

Cut Spending and you won't need to Raise Taxes to support an overblown, over grown Deficit.

Besides.... If anyone should have their Taxes Raised it should be the Democratic Party..... They support raising taxes on everyone else...so why don't we just raise their taxes Alstry to help pay down the Deficit?

Along with that.. Any Voters that Vote Democratic Party can have their Taxes go up and any Voters that Vote Republican can keep their taxes low.

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#5) On February 25, 2011 at 1:05 PM, garyc27 (< 20) wrote:

Alstry,

Our economy has been based on government debt since the inception of the Federal Reserve and fractional reserve banking in 1913.

End the Fed, replace fractional reserve banking, have the United States Treasury coin money (as they are supposed to per the Constitution) and we will be in a position to begin to pay off the country's debt.

End the entitlements; Social Security, Medicare/Medicaid and the future debt evaporates.  Close bases around the world and let those countries who have enjoyed safety paid for by American taxpayers pay for their own military--or pay us for the equipment and personal to continue to protect their sorry butts.

 

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#6) On February 25, 2011 at 1:37 PM, alstry (36.32) wrote:

gary...you are way off...

Our economy was driven PRIMARILY by PRIVATE debt until 2007.  Lots and Lots of private debt especially after 1980.  Relative to PRIVATE borrowing, public debt was very small until recently.  It was only after the banking crash that things became inverted.  In the Great Depression, there was almost no public debt.

RAGING,

In a system based on PUBLIC debt, tax receipts comes from the PUBLIC borrowing and spending.  If you cut the deficit, tax receipts and revenues decline and have to be made up some place else.

If we cut our entire $1.6 Billion dollar deficit tomorrow, we would have to at least triple everyone's taxes simply to keep the rest of the nation functioning as tax receipts and spending would evaporate nationwide.

THIS IS A VERY IMPORTANT ISSUE FOR ALL TO UNDERSTAND.  Our economy is NOW driven by a PUBLIC deficit and there is NO I in Team.

We must all deal with it systematically, or you can be pretty much guaranteed that it will not be too long before we start shooting at each other....and we are a very heavily armed PRIVATE population.

ALL OF OUR NET WORTH, INCOMES, STANDARD OF LIVING AND LOW TAXES IS SUBSIDIZED BY A MASSIVE PUBLIC DEFICIT.

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