153 votes
I disagreeWe were all sold snake oil recently with the so-called government financial bail-out. The main reason stated for this bail out was that some companies are just "too large to let fail". WELL, if that is true, then these companies MUST be broken up into smaller pieces.
Companies need to be limited in size and scope so that if they fail they will not "bring down the whole system".
101 votes
I disagreeThe Federal Reserve is a private corporation owned by a consortium of private banks. The owners are the infamous "international bankers" who have controlled western money for many centuries and who financed all sides of every war since the middle ages. Federal Reserve Notes ar enot really money, they are notes, debt instruments. The notes are loaned to the Unuited States at full face value plus interest. The interest ...more »
The Federal Reserve is a private corporation owned by a consortium of private banks. The owners are the infamous "international bankers" who have controlled western money for many centuries and who financed all sides of every war since the middle ages. Federal Reserve Notes ar enot really money, they are notes, debt instruments. The notes are loaned to the Unuited States at full face value plus interest. The interest is paid by the personal income tax. This makes every American taxplay a slave to private banking intersts. It is time to end that economic slavery.
Nationalize the Federal Reserve. Call is the United States Reserve. Issue United States Notes, debt free money created by the US government. Let banks that are now members of the Federal Reserve join the United States reserve and borrow as they do now from the Fed. Let the interest on that pay for the costs of govrenment and government programs instead of it enriching the bankers, who do nothing for the money except manage the debt scam. Take it over!
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31 votes
I disagreeMr. President, I believe you said it best in this video. Restore "Pay as you Go" rules and complete your line by line review of the budget.
0 votes
I disagreeIt seems clear after years of trying to tackle our ongoing deficit spending, that Congress has neither the will nor perhaps the desire to truly manage the people's money. While today is NOT the time balance the budget by increasing revenues and cutting services, it IS the time to plan for that day. Politically, the populace is nervous about the debt, the Republicans (disingenuously) rant about "liberal spending," and ...more »
It seems clear after years of trying to tackle our ongoing deficit spending, that Congress has neither the will nor perhaps the desire to truly manage the people's money. While today is NOT the time balance the budget by increasing revenues and cutting services, it IS the time to plan for that day. Politically, the populace is nervous about the debt, the Republicans (disingenuously) rant about "liberal spending," and the world watches us with a nervous eye when we go to market our treasury bills. Therefore the climate is ripe for a bold initiative to mandate a balanced budget based on future circumstances. Republicans would struggle to nay say it, and the pols would all need to at least pay it lip service. The key to success is in drafting an Ammendment to the Constitution that kicks a balanced budget requirement in and out of action automatically on a set of predetermined rules. For example, when the nation has had X number of consecutive quarters of growth and or the unemployement rate has fallen to Y%, the annual deficit would decrease by $N or N% per year until balanced. Conversely, the balancing act could revert on some basis to deficit spending being allowed in the case of economic downturn, a 2/3rds vote of Congress (no less, please!) or a Declaration of War by the Congress (not like that lame bit we did going in to Iraq). So, true fiscal discipline can become law at a future date based on parameters negotiated now by both parties. Hell, let the Republicans set the parameters!
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