You are assuming the extra money generated will go to the rich. A proper full employment social program and expansion of infrastructure spending will ensure money flows to the bottom of the ladder.
We don't need bond investors, as there is no need to borrow money anymore. We can issue "ceremonial" or "souvenir" bonds, and the interest rate at OUR choosing. Either pay or leave.
I suggest you to read the following article about the illusion of the national debt:
We have enough natural resources to cut off our imports. Then we can also utilize our world's strongest military to nationalize resources around the world for our interests.
Saying "the only way is to pay out" is the same is subduing yourself for being raped by the international bankers.
Greece's debt are denominated in Euros, not drachmas. The Greeks can't print Euros by themselves to pay them off.
U.S. debts are denominated in U.S. dollars, something our government can easily produce unlimited amounts via the Platinum Coin Seigniorage, and pay it off.
The only legitimate solution to the debt crisis. The treasury should immediately mint a $1 quadrillion platinum coin and deposit to the fed, using the proceeds to pay off ALL obligations.
Read carefully if you still believe that will be inflationary. For those who don't want to be "otaku" on those subjects, in one sentence: Debt repayment by PCS will not be inflationary. Starting new spending is inflationary.
By doing so, the power of the Federal Reserve ( to inflate money supply) is stripped and going back to the government, exactly what Ron Paul has tried to achieve.
IMHO, the PCS Hack gives to the presidency the power to prevent an abuse of power by the Congress, namely the debt ceiling legislation itself, and also gives the President the power to avoid interest bearing debt instrument-based financing of Congressional deficit spending appropriations if he/she desires. I think both of these are very good things, especially since the key power of controlling the purse strings still remains with the Congress, and not with the President. It seems to me that any greater leverage that falls to the President as a result of using PCS is leverage that can always seized back by Congress anytime it wants to do its collective job and represent the majority of the American people. On the other hand, if it wants to continue to represent narrow and plutocratic interests seeking to block any Federal spending that doesnâ(TM)t directly benefit them, then PCS profits may be viewed as a check on such an abuse of power by the Congress, and a reminder to Congress that the âoehow are we gonna pay for itâ excuse for not legislating Federal programs people desperately need won't work anymore!
There was a highway from South Korea to Kaeseong in the north, through which South Korean workers commute to Kaeseong Industrial Complex everyday. They run 250km/h as much as they can enjoy the speed because no camera, no car and no police are there like above.
at least for the first two years in a community college, "summer vacation" did not exist in my vocabulary. I managed to crank out 133 semester hours in two years with no student loans.
Look at the entire Chinese history, with the exception of the Yuan Dynasty, it was all about being attacked by external forces. The opium war broke out because the Chinese people wants to stop importing opium, resulting in numerous counts of unequal treaties.
Slashdot Mirror
You are assuming the extra money generated will go to the rich. A proper full employment social program and expansion of infrastructure spending will ensure money flows to the bottom of the ladder.
We don't need bond investors, as there is no need to borrow money anymore. We can issue "ceremonial" or "souvenir" bonds, and the interest rate at OUR choosing. Either pay or leave.
I suggest you to read the following article about the illusion of the national debt:
http://neweconomicperspectives.org/2012/12/americas-deceptive-2012-fiscal-cliff-part-2.html#more-4107
We have enough natural resources to cut off our imports. Then we can also utilize our world's strongest military to nationalize resources around the world for our interests.
Saying "the only way is to pay out" is the same is subduing yourself for being raped by the international bankers.
The debt is an illusion.
Greece's debt are denominated in Euros, not drachmas. The Greeks can't print Euros by themselves to pay them off.
U.S. debts are denominated in U.S. dollars, something our government can easily produce unlimited amounts via the Platinum Coin Seigniorage, and pay it off.
The only legitimate solution to the debt crisis. The treasury should immediately mint a $1 quadrillion platinum coin and deposit to the fed, using the proceeds to pay off ALL obligations.
http://neweconomicperspectives.org/2012/12/new-msm-trillion-dollar-coin-wave-heres-the-big-story.html
Read carefully if you still believe that will be inflationary. For those who don't want to be "otaku" on those subjects, in one sentence: Debt repayment by PCS will not be inflationary. Starting new spending is inflationary.
By doing so, the power of the Federal Reserve ( to inflate money supply) is stripped and going back to the government, exactly what Ron Paul has tried to achieve.
IMHO, the PCS Hack gives to the presidency the power to prevent an abuse of power by the Congress, namely the debt ceiling legislation itself, and also gives the President the power to avoid interest bearing debt instrument-based financing of Congressional deficit spending appropriations if he/she desires. I think both of these are very good things, especially since the key power of controlling the purse strings still remains with the Congress, and not with the President. It seems to me that any greater leverage that falls to the President as a result of using PCS is leverage that can always seized back by Congress anytime it wants to do its collective job and represent the majority of the American people. On the other hand, if it wants to continue to represent narrow and plutocratic interests seeking to block any Federal spending that doesnâ(TM)t directly benefit them, then PCS profits may be viewed as a check on such an abuse of power by the Congress, and a reminder to Congress that the âoehow are we gonna pay for itâ excuse for not legislating Federal programs people desperately need won't work anymore!
and the poor gets poorer, because they are so easy to pick on.
are only afforded by the rich, connected and well-armed. For the others, be careful what you say, anywhere.
They don't have to do it on the tax form.
They can always write a check to the treasury or donate online to help reduce the debt.
https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454
....Gangnam Style!
Same with benchmarking in computer hardware. Quantifying performance into a single ( or a few ) number.
It is caused by combination of scarce resources and laziness.
There was a highway from South Korea to Kaeseong in the north, through which South Korean workers commute to Kaeseong Industrial Complex everyday. They run 250km/h as much as they can enjoy the speed because no camera, no car and no police are there like above.
at least for the first two years in a community college, "summer vacation" did not exist in my vocabulary. I managed to crank out 133 semester hours in two years with no student loans.
Until everyone goes strategic default and stockpiled ammunition and AK47's waiting for someone to show up and attempt to collect a debt.....
http://www.huffingtonpost.com/2012/05/07/food-stamps-phd-recipients-2007-2010_n_1495353.html
http://finance.yahoo.com/q?s=aoneq&ql=1
any acquisition news means big jump.
In east asian cultures your parents ( = your kids grandparents) moves in with you, so now you get free child care.
Oh wait...
"You'd rather hire somebody you know than a complete stranger."
This could be construed as nepotism or cronyism in some western countries.
You forgot those who use fake IDs and someone else's social security number for work. They get the full deduction, but not a cent of refund.
That's what NoScript is for.
and we found plastic on Mars.
The Vatican is shaking....
Look at the entire Chinese history, with the exception of the Yuan Dynasty, it was all about being attacked by external forces. The opium war broke out because the Chinese people wants to stop importing opium, resulting in numerous counts of unequal treaties.
The special interest will prevent that from ever happening, even it is the best solution available.
Haha, that obviously a joke by making fun of the country name, no need to take that serious huh?
I spent 16 years living in China which is pretty close.
Exactly.
http://www.paypalsucks.com/
Not for sense of security, but rather for free stuff.
It is the old school "Freedom vs. Free Beer" debate. You can't have both.