Govt Mismanages BILLIONS & BILLIONS and continues to go UNCHALLENGED as they ask for MORE PLEASE!!!!

This was in my one of the local websites today, but is going on all over.

President Obama warned this week that if the nation defaults on its debt in August, social security checks might not get mailed out. The Congress is debating raising the debt ceiling which would let the government borrow more, but it’s gridlocked over whether to do so and how to also reduce the deficit. The Treasury Secretary has warned of a “doomsday scenario” if the debt limit is not raised. So APRN’s Libby Casey checked in with Alaska’s members of Congress to find out just how big a deal they think defaulting on the debt would be.

The debt ceiling has been raised repeatedly over the years, in fact when George W. Bush was president, it went up seven times. But now with the deficit higher than ever and concerns about spending, it’s become a line-in-the-sand moment. So if Congress can’t get over its gridlock and raise the debt limit, what’s the big deal?

SOURCE

Our Greedy mismanaged government is asking for MORE money to borrow for the things it NEEDS this time. I want to know where all this money goes that they do get from us out of our paychecks? My family alone could probably have build a highway with all the money they get out of us in a year and we are just ONE family? Why aren't they being challenged? Where is the transparency in where our money has gone? Is anyone just as sick as I am when they hear about this? I am no financier, but if this is the kinda outcome that our most educated minds have delievered us into then I think I myself could do better if put in their position as I am sure many of us could. Our country is so completly mismanaged its disgusting and quite frankly its embarrasing.

With the current direction this nation is heading, we may be forced to pay our "fair share" to the rogue, unConstitutional behemoth in precious metals...copper jacketed lead.

Yes I've been quite disgusted for many years now.
One way that might possibly remind the government about their spending and the power of people would be for the American people to all become independent contractors.
I have for almost 20 years now cut a check to the US treasury to pay my taxes, all of them. Being self employed means no withholding from every paycheck. I usually pay quarterly but make sure that I always owe on April 15.
I will not allow the government to us my money ,interest free, during the year I make my payments. So I don't get refunds. Personally I believe if everybody had to literally cut a check every year for thier taxes, we as a nation would not be in this mess. People would have a more vested interest in seeing how thier blood and sweat (labor) is really put to use. Not to mention being penalized for being independent by also paying a self employment tax. Also everybody would see all of their SS payment's and not just the half that is taken out on their check stubs.
This is in no way meant to sound derogatory to any of those who have withholding and get refunds every year. It is just my belief that nobody should be getting refunds. Refunds are nothing more than being over taxed for the previous year and then getting some of it back ,interest free, if you lived your life according to government mandates (i.e. tax rebates).

If everybody would go to their employers tomorrow and demand to be paid as an independent contractor the government would have no choice, in theory, but to get the nations financial house in order. They would have to wait until April 15 of next year to get any money from the taxpayer's. I would be willing to bet the true colors of our elected officials will truely shine thru as to how they really view the american people if that were to happen.

Perhaps it is nothing more than a pipe dream but I believe that might just be the way to force the govermnent to control its spending. It would be a revolution everybody could be involved with and still be home in time for American Idol or whatever mind numbing distraction that happens to be in vogue.

I hear and understand your frustrations OP, something's gotta give soon.

"And satan laughing spreads his wings"

I said this efore in posts..i cannot imagine why its ok for our greedy self centered selfish government too not make payments on time, send OUR tax money overseas, including corporations, and yet they cannot balance thier own checkbook...no wonder. if it was you or me, the taxpayer, they take away our possessions..our government does it, they cheat and expand* somethings DEF wrong.

The secretary of treasurys, starting as far as ive learned, Donald Reegen, at the time the highest payed CEO for meryl lynch bank, under or controlling president reagen* should NOT have been allowed in office or iffice seat. the whole cheating, money laundering scandals they got invovled with seem to have started since 1980...along with hiring complicated mathmeticians, hired by wallstreet, to come up with unsolvable formuals, (derivitives) to screw the american taxpayer out of thier home, car, and god knows what else. Greenspan is another...throught the 80's, telling people yuor home is an investment, you need to invest it here..but the fine print...we can take yuor home and kick you out at any time we feel, usually if you miss a payment* and they can get you even if they were the ones mailing the bill late* thats the system we live in today...broken promises designed so you loose anyway or end up payming a quarter to half more than what whatever it was, was worth...APR rates/interest*
Indeed, i wonder if Israel, or china, or womever else took money from our government, (US basically) if they pay any taxes or interest at all>? so, even as a kid, in the 80;s, teen in the 90's, my father would tell me about social security..the government is trying to keept he money* he thought one day theyde do away with it. he never went into specifics or anything..that i did on my own reaserch later in life. the day our governemnt, cannot afford to pay for its own children, brothers,a nd sisters, the peope who truely make this country, what it is, the best in the world, is the time forward they are against us, and are only interested in themselves.
We all know, the CIA has engaged in illegal drug trafficing for money, presidents have done illegal things too, nixon with watergate for starters, clinton with NAFTA--now were stuck with that highway to mexico thier simply gunna allow illegal immigrants it seems, to flood in and take our jobs and homes away. with a system like this, yuo cannot belive anything the president let alone had of FBI is belivable at all...its all a puppet show, or more like the pide piper...government plays its flute while we are the rats, being led to our deaths, ends..

I agree with you. If the people in government are so good with finances their personal wealth can go up so much in two years, why is the gov broke?


Here it seems is the answer to you question,
governmentgonewild.org...
Also watch the one congress dont want you to see

reply to post by ziggy1706


I think we should perhaps start by NOT VOTING this election.......why vote? Ultimately they get to choose our options to who will be available to vote for and more then likely it will be one of their own so WHY VOTE? Lets all just not vote this election and protest that way.

The government has proven time and again that they are NOT to be trusted and that they are willing to 'say' anything if it means your vote.

Also if everyone went to the bank right now and withdrew their money then we would have serious problems why? because they are investing our money for their selfish endeavors, it doesn't help us any IN FACT they like to tack on extra fees when and where they can..............lets do it anyway because we are gonna have to hit a bottom before we can build our way up again.

This is AMERICA and we are losing our integrity in the world.......we are losing what we stand for and what our forefathers thought they were fighting and dying for...... our FREEDOM!

It is funny that this thread came up just now, as I was just conversing on this very topic with my husband. If you are on the verge of bankruptcy how do you continue to spend money? Do they just make more? where is the money coming from? I really don't know

reply to post by blend57


That's just it.......Its called the Deficit. Borrowed money to the government from Big bankers who are so very nice to let the government borrow it so that they can give it back to us, but wait there's more.........we gotta pay them back WITH INTEREST. Sound crazy? Hell yeah it is, but they are gonna do it anyways because of course THEY are the ones making the money on the big banking shady deals........its terriblly mismanaged and because most people are so ignorant about it they get away with the scandal.

reply to post by iLoGiCViZiOnS

Govt Mismanages BILLIONS & BILLIONS and continues to go UNCHALLENGED as they ask for MORE PLEASE!!!!

Since when has the Govt. of any country on this planet ever

ASKED

or said

PLEASE

Originally posted by acrux
reply to post by iLoGiCViZiOnS

 

Govt Mismanages BILLIONS & BILLIONS and continues to go UNCHALLENGED as they ask for MORE PLEASE!!!!

Since when has the Govt. of any country on this planet ever

ASKED

or said

PLEASE

ONLY during election season and its about that time wouldn't ya say??????

No, no, n o...

If there is going to be any more money handed out, an equal amount of said funds ought to be divided up and disbursed to all registered voters, who actually voted.

This way people would be encouraged to get out and vote, and it might help those who want to make a different do so.

Of course, I am probably w a y off my rocker for thinking such, and even more so for voicing it in a public forum. But what the hell, that is what collaborate discussion is about.



Besides, it is about time the people had a freaking bail out. Increased taxes and prices consumer good and food stuffs is asinine. While senators and congress get automatic raises that they could vote down but never do, we the people have no such compensation for the costs of living.

We have to deal with a crooked out sourcing corporate controlled government...

Things That Make You Go Hmmm, is more like, Things that make you go wtf?!

Well, if you were the Pres or Congress, and YOU wanted to crash the economy and cause chaos in your country, what would YOU do?
1) keep spending the money to raise the debt levels
2) keep wars going to transfer taxpayers dollars to select company owners
3) allow companies to outsource jobs thereby eliminating jobs at home
4) increase spending on social programs to breed out a good work ethic
5) create artificial stock Market crashes to reduce wealth in the middle crash
6) allow banks to be deregulated and loan to anybody creating a bubble - then pop it
7) script fights between political parties to distract sheeple

And therefore I cannot understand how anyone can still ask the question WHY our government is taking the path that it is taking,...

reply to post by WhoKnows100


Well I am not so naive to think they don't know what they are doing..........I think they absolutly know what they are doing and the WHY from me is more on the lines of WHY are we still allowing it?

It isn't so much the spending (though that does have to be reigned in) as it is not collecting enough to pay the bills. If it hadn't been for the Bush tax cuts, and the wimpy Dems allowing themselves to be blackmailed into extending them, we wouldn't be in trouble today. In debt? Sure, but not in trouble. But I can't just blame it on Bush.

Reagan started it all with "supply side economics," a fancy name for the trickle-down theory. Let the rich get more money, and it will trickle down to everyone else. So Reagan was first with tax cuts for the rich. As a result, his first deficit, which would be his smallest, was nearly twice the size of Carter's largest deficit (128 billion Reagan, 79 billion Carter).

It's also the fault of Americans for waiting until it was a crisis this big.

reply to post by ClintK


It's Absolutely 100% about spending.....It's about mismanaging the funds that the Government gets. Why do you think there is a transparency problem? The American public give them plenty of money to work with every year, its mind boggling the misuse of it all.

reply to post by iLoGiCViZiOnS


Not really. Tax cuts play the biggest role in this whole problem. You can't start suddenly taking in less money, have basically the same obligations and expect not to go deeper into debt. No logical person would think that, and our problems with big deficits started with the Reagan tax cuts back in the 1980s. The idea that they started recently, with Obama, is something for know-nothings. Unfortunately, there are quite a few of them out there.

Yes, we have fraud. With a budget of several trillion that's inevitable. But that didn't cause the deficit and simply cutting spending won't end the fraud.

This sounds like a repeat thread. THE MONEY IS SPENT ON YOU. GOT IT!!! And the money you borrow or rather owe comes mainly from the USA but 1 trillion comes from China. 900 billion from Japan, 350 million from UK.

You need to have a proper political debate at your next presidential election There is no point complaining about mis-management Jesus you didn't say that when you were literally throwing billions into the "reconstruction of Iraq". Anyway you are supposed to live in a democracy and vote for candidates you want to run or mis-manage your country.

The ratings agencies are running out of patience and if you are not careful you could end up like Greece but 10 times worse. If they down rate your ability to pay rating from AAA your taxes wont go on fighting wars or social security or schools it will go on paying off interest payments like what used to happen to third world countries in the 80s.