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The Natiional Debt !!!!!!
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Government & Elections
The Natiional Debt !!!!!!
<font face="arial, helvetica, sans-serif" size="1">With elections coming up, there&rsquo;s no shortage of dialogue here. Whether you're a red state Republican or a blue state Democrat, everyone is welcome &mdash; just remember to be civil.</font>
I suggest that we bill the Politicians for the great Debt they created when giving our money to the banks even though they didn't need it (TO BIG TO FAIL)
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Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95
Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95Discussion:551757ed-8e96-4ccb-8019-be51488ae6c3

Forums » Politics & Society » Government & Elections » The Natiional Debt !!!!!!

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Forums  »  Politics & Society  »  Government & Elections  »  The Natiional Debt !!!!!!

Re: The Natiional Debt !!!!!!

posted at February 8, 2012 9:37 AM EST
Posts: 938
First: December 1, 2011
Last: May 7, 2013
both parties want big (and guess who will pay for it?) government
http://www.youtube.com/watch?v=CWAUHt9dHcs&feature=relmfu

Re: The Natiional Debt !!!!!!

posted at February 26, 2012 7:34 PM EST
Posts: 373
First: October 22, 2011
Last: May 3, 2013
Both parties have to take responsibilty for where we are today. Look at the national debt and who owns it.

    "Hong Kong: $121.9 billion (0.9 percent)

  • Caribbean banking centers: $148.3 (1 percent)
  • Taiwan: $153.4 billion (1.1 percent)
  • Brazil: $211.4 billion (1.5 percent)
  • Oil exporting countries: $229.8 billion (1.6 percent)
  • Mutual funds: $300.5 billion (2 percent)
  • Commercial banks: $301.8 billion (2.1 percent)
  • State, local and federal retirement funds: $320.9 billion (2.2 percent)
  • Money market mutual funds: $337.7 billion (2.4 percent)
  • United Kingdom: $346.5 billion (2.4 percent)
  • Private pension funds: $504.7 billion (3.5 percent)
  • State and local governments: $506.1 billion (3.5 percent)
  • Japan: $912.4 billion (6.4 percent)
  • U.S. households: $959.4 billion (6.6 percent)
  • China: $1.16 trillion (8 percent)
  • The U.S. Treasury: $1.63 trillion (11.3 percent)
  • Social Security trust fund: $2.67 trillion (19 percent) "
  • http://globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/

    Both parties have caused this mess and now they have borrowed from our retirement funds to keep the country afloat. Social Security should have been removed as a source of a slush fund for Congress. If anything they should be penalized, and I mean a cut in all of their salaries and their retirement funds be moved over to social security. What we have are 2 parties very good at pointing fingers at each other, but cannot responsibility for balancing a budget.

    Seems odd that the last poor president we had was Harry Truman. How many poor members of Congress do you know. Why was a bill necessary to stop congressman to use inside information they gathered from committees,etc. Technically it was not insider trading but do not tell me it was not a business conflict

    This problem is not just a the national level but also at the state and local level where outrageous pension funds were established for a number of people who can retire early while those forced to work past their retirement age to pay for someone else's retirement. My wife commented about one poor school teacher who was not sure she could survive on her $75,000 pension fund.


    Seems only us that have worked hard all our lives have a problem with the national debt and local debts since they are taking from us to handle their incompetency.

    Re: The Natiional Debt !!!!!!

    posted at February 26, 2012 9:49 PM EST
    Posts: 938
    First: December 1, 2011
    Last: May 7, 2013
    Really. It seems to me that you do not know Ron Paul.

    He is definitely not there to get rich. I even think he doesn't want  to be rich!
    He volunterily gave up his congressional pension (60K/year?), always voted against the increase of his salary; as president he wouldn't take more than average American salary--39.5K/year now.

    All 4 of other candidates are millionaires - he is not!

    Funny you write about Truman as I was thinking about him too--I think he was one of the best  presidents, but I'm not sure media wouldn't play their dirty tricks on him to stop him from winning as they are doing now to Ron Paul.

    Re: The Natiional Debt !!!!!!

    posted at February 27, 2012 2:20 PM EST
    Posts: 373
    First: October 22, 2011
    Last: May 3, 2013
    My problem with Ron Paul is his affiliation with the Lebertarian party which I suspect he will join again if he loses the nomination. He tends to take to many items to an extreme. He is right we don't need an income tax. I read iin college we could do without it, since the government can print money. We would be hit in another way which would be inflation because the American dollar would be worth less and less. This would be a very regressive tax. He seems to want to throw ecverything back to the states, but the situation in many states is fairly pathetic also. He in this case sounds more like he belongs to the confederacy where states were to rule. The federal government had to intervene during the civils rights movement when we also lost a great American, Martin Luther King. I think we should pull back many of our troops throughout the world since many times the benefit goes to the other country where soldiers and the military spends a lot of money. However again Ron Paul seems to go too far since he would have us retreat to an isolationalist policy which in the long run could be very dangerous for our country.

    I think you have to think through what he is actually saying, since it may go much further than what you want. He may be the most consistent in what he says, but it is what he says that makes me very nervous.

    Re: The Natiional Debt !!!!!!

    posted at February 27, 2012 3:43 PM EST
    Posts: 938
    First: December 1, 2011
    Last: May 7, 2013
    In Response to Re: The Natiional Debt !!!!!!:
    My problem with Ron Paul is his affiliation with the Lebertarian party which I suspect he will join again if he loses the nominati He is right we don't need an income tax. I read iin college we could do without it, since the government can print money. We would be hit in another way which would be inflation because the American dollar would be worth less and less. This would be a very regressive tax. He seems to want to throw ecverything back to the states, but the situation in many states is fairly pathetic also. He in this case sounds more like he belongs to the confederacy where states were to rule. The federal government had to intervene during the civils rights movement when we also lost a great American, Martin Luther King. I think we should pull back many of our troops throughout the world since many times the benefit goes to the other country where soldiers and the military spends a lot of money. However again Ron Paul seems to go too far since he would have us retreat to an isolationalist policy which in the long run could be very dangerous for our country. I think you have to think through what he is actually saying, since it may go much further than what you want. He may be the most consistent in what he says, but it is what he says that makes me very nervous.
    Posted by JimR45


    Gary Johnson is lp candidate for president. Ron Paul has no intention of joining LP- He actually is his own man--as he said his oath will be to Constitution and American people -NOT to the party!

    you say: he tends to take many issues to extreme". It only shows how much we have deviated from constitution! he only believes we should follow it and we would avoid many problems!

    he is against printing money - creating it from thin air- bc of the $ devaluation and hidden inflation tax
    Federal Reserve who does it- should be audited, transparent and later eliminated

    he doesn't throw EVERYTHING on states- just believes that social issues (like now gay marriage or death penalty) should  be dealt with by states

    ml king is one of Ron Paul's heroes!

    Ron Paul is the only candidate that establishment will never buy--and so it uses mainstream media (it owns) to ignore, ridicule or misquote Ron Paul.
    And then well-meaning but confused people repeat that.
     
    Ron Paul is NOT ISOLATIONIST. He is NON-INTERVENTIONIST.
    Meaning he will keep all the contacts with other nations except bombing them without congressional declaration of war

    i agree. What's more majority of troops do not feel like dying so rich people could be richer.

    Wars are extreme--not Ron Paul.

    Re: The Natiional Debt !!!!!!

    posted at February 28, 2012 7:04 AM EST
    Posts: 12532
    First: February 29, 2008
    Last: May 17, 2013
    In Response to Re: The Natiional Debt !!!!!!:
    Nobody there seems serious about cutting spending but Ron Paul! Really! He has been talking about it for years- and only last year Obama cut lousy 10K to dairies to work against milk spill! are our politicians too tied to big money to care about Americans? Why is it a problem to cut  SERIOUSLY government spending? because we pay for it PATIENTLY and the  belief that we have to pay taxes is  so deeply ingrained? And we were easily led to believe that taxing the rich more will solve the problem. Of course not. When you have bucket full of holes it is of no use to add water to it. First you have to patch holes. More taxes won't do the trick-cutting wasteful spending would!
    Posted by Astra2012


     Let's get REAL.     For all Social Security revenues that are spent on non-Social Security programs, the Treasury department issues bonds to the SSA and those bonds are held in the Trust Fund.    (Surely we can have confidence in anything called a Trust Fund. ) ??

    Think of this type of lending for a moment. The federal government is in debt to itself.    Compare this to debt in the private sector.      No business declares that it's deep in debt because it loaned itself money.    It's the same with families.    Parents don't lay awake at night trying to figure out how to repay the money they loaned themselves.   
     The government, however, thinks that it makes perfect sense to collect $100 of tax revenue, spend the $100, and then declare that it now owes itself $100.  
     This scheme is not limited to Social Security.

    Re: The Natiional Debt !!!!!!

    posted at February 28, 2012 6:50 PM EST
    Posts: 938
    First: December 1, 2011
    Last: May 7, 2013
    I completelly do not understand - when it comes to finances my mind gets blank-SORRY!
    "the federal government is in debt to itself"
    not to China?

    Re: The Natiional Debt !!!!!!

    posted at February 28, 2012 7:25 PM EST
    Posts: 373
    First: October 22, 2011
    Last: May 3, 2013
    In Response to Re: The Natiional Debt !!!!!!:
    In Response to Re: The Natiional Debt !!!!!! : Gary Johnson is lp candidate for president. Ron Paul has no intention of joining LP- He actually is his own man--as he said his oath will be to Constitution and American people -NOT to the party! you say: he tends to take many issues to extreme". It only shows how much we have deviated from constitution! he only believes we should follow it and we would avoid many problems! he is against printing money - creating it from thin air- bc of the $ devaluation and hidden inflation tax Federal Reserve who does it- should be audited, transparent and later eliminated he doesn't throw EVERYTHING on states- just believes that social issues (like now gay marriage or death penalty) should  be dealt with by states ml king is one of Ron Paul's heroes! Ron Paul is the only candidate that establishment will never buy--and so it uses mainstream media (it owns) to ignore, ridicule or misquote Ron Paul. And then well-meaning but confused people repeat that.   Ron Paul is NOT ISOLATIONIST. He is NON-INTERVENTIONIST. Meaning he will keep all the contacts with other nations except bombing them without congressional declaration of war i agree. What's more majority of troops do not feel like dying so rich people could be richer. Wars are extreme--not Ron Paul.
    Posted by Astra2012


    He was a reublican and later became a libertarian to run for president in 1988. Following him we would return to a confederacy rather than the country we have now. Regarding the 16th amendment it dealt with a question of solvency in the US. Not having taxes sounds great but then you are left with the country just printing money with no backing. Consider your taxes your bill to keep the country going. My objection here is not of a tax but rather the way it is mispent. A tax was first granted to the Congress in Article 1 in Section 8 where  the Powers of Congress are defined including the coining of money. It is in this section also where it is the Congress that has been named for declaring war.

    I will stay with my position on him being an isolationist, since I think his approach would only allow us to defend ourselves against those who have reached our shore. I believe wars should be a last resort and should meet some criterua. So here I see where Congress has failed. If we are going to be at war, it should be declared. Unlike some I think Obama was correct in his apology for the way the Koran was handled, but I want our troops out of there since now we have people and officials (police or military) killing our soldiers. Lets pull out now and save our soldiers, but watch the Taliban and Al Qaida for future activites. I think on the other hand he looks at the mideast crisis to blithely.
    He tries to claim to be a constitutionalist but he has not proven that to me. Seems he just wants an ineffective government. Why does he not just propose that the states negotiate agreements without the federal government.

    Re: The Natiional Debt !!!!!!

    posted at February 28, 2012 7:41 PM EST
    Posts: 373
    First: October 22, 2011
    Last: May 3, 2013
    In Response to Re: The Natiional Debt !!!!!!:
    In Response to Re: The Natiional Debt !!!!!! :  Let's get REAL.     For all Social Security revenues that are spent on non-Social Security programs, the Treasury department issues bonds to the SSA and those bonds are held in the Trust Fund.    (Surely we can have confidence in anything called a Trust Fund. ) ?? Think of this type of lending for a moment. The federal government is in debt to itself.    Compare this to debt in the private sector.      No business declares that it's deep in debt because it loaned itself money.    It's the same with families.    Parents don't lay awake at night trying to figure out how to repay the money they loaned themselves.     The government, however, thinks that it makes perfect sense to collect $100 of tax revenue, spend the $100, and then declare that it now owes itself $100.    This scheme is not limited to Social Security.
    Posted by JANMB

    No it is not limited to Social Security but it is the biggest stake holder with the treasury being next. So I might ask if the treaury gives money to Social Securuty why does Social Security own more of the debt than the Treasury. You may say that it is the government is in debt to itself which I might agree if it was just the treasury, but they took money from Social Security to cover their debt further. The danger now is that we are spening more than the gross national product and we cannot recover. If China recalls its money as it could, our government would have to pay. Just owing ourselves sounds ok, until you realize that we exchange money internationally and we are only covering ourselves where money is bankrolled such as in Social Security and by printing more money only backed by our good will. Social Security should not be in bad shape but the US economy is.

    The government needs to control spending and bring in more revenue. It should not depend on the lifeline of those who have gone into retirement. I guess I would like to see a flat tax rate where all deductions are removed but raise the point where taxes start so the poor do not pay for what they do not have. Also there needs to be better monitoring of government programs where they are abused, and the punishments must be harsher.

    Re: The Natiional Debt !!!!!!

    posted at February 28, 2012 7:46 PM EST
    Posts: 373
    First: October 22, 2011
    Last: May 3, 2013
    In Response to Re: The Natiional Debt !!!!!!:
    I completelly do not understand - when it comes to finances my mind gets blank-SORRY! "the federal government is in debt to itself" not to China?
    Posted by Astra2012


    We own most of our own debt, but China now owns more than any other country except the US. Do not feel to secure since other governments calling in our debt would not be good. Howevet the US is still looked as a country secure in its financial future, but we better wise up. If China actually owned most of our debt as many thought, it would be a very dangerous situation.
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