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We have already passed that point. It is now a mathematical impossibility to pay off the debt when you include all the unfunded liabilities.
Originally posted by DOLCOTT
reply to post by avatar01
The fiscal cliff is a media distraction, what about our debt ? Soon we will reach the point that debt will be unpayable. We borrow monies to give away around the world, how crazy.
Originally posted by DarthMuerte
CUT SPENDING.
What about are debt? The federal reserve is set up so that its impossible for the us to get out of debt. They talk about the fed is just printing more money, really there just punching more numbers in a computer. Its all an illusion, everyone who believes any of it are hypnotized from the masters
Originally posted by DOLCOTT
reply to post by avatar01
The fiscal cliff is a media distraction, what about our debt ? Soon we will reach the point that debt will be unpayable. We borrow monies to give away around the world, how crazy.
Originally posted by avatar01
By 2020, the annual interest payments of US debt to China will be enough to fund the entire Chinese Military.
The Chinese will be able to fund their entire military with US interest payments!
As I posted in this thread, even if we cut the entire dept of defense we still cannot balance the budget. Entitlements and interest on the debt together total more than the entirety of federal tax receipts. We must borrow another 300 billion plus just to pay for entitlements and interest payments. That leaves every single other government function unfunded. I am all for ending the wars since I am a staunch isolationist, but it is nowhere near enough.
Originally posted by sonnny1
Originally posted by DarthMuerte
CUT SPENDING.
Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes … known instruments for bringing the many under the domination of the few.… No nation could preserve its freedom in the midst of continual warfare.— James Madison
Originally posted by randomname
the fiscal cliff was overrated.
most americans don't have a job to raise taxes on.
the ones that do, aren't sure it'll be there next week and the ones that are secure can afford it.
Only hours after President Barack Obama and leading members of Congress said on Monday afternoon that a deal between lawmakers was within reach, reports out of Washington suggest that a compromise will not be made before the new year. Bloomberg News and CNBC both reported eight hours before the 12-midnight deadline that no vote would be made before the end of the year.
I will not. I will no longer pay federal income taxes. I cannot, in good conscience, support the slaughter of babies. I will not pay for abortions. I declare a tax strike and I am willing to go to jail for it.
Originally posted by beezzer
Just another point.
Since we all might be paying more in taxes, we'll all be able to see how much the government actually takes!
Originally posted by PaperbackWriter
I wrote the day they started this countdown to the cliff that they already had the lobbiest and lawyers write up the bill and are awaiting the 11th hour to reveal it. It will be draconian stuff tucked in it. Congress won't have time to read it before the vote. It will include new spending to eat up any new taxes waged.
But, the worst parts will be the things that have nothing to do with fiscal policy at all.
We've seen them do this with the Patriot Act, the Bailout for Banks and Insurance Co., The NDAA, and
on and on.
They have made people believe that any bill they sign will be better than the Cliff.
I'm prepared for a very ugly shoe to drop out of this legislation.
Originally posted by DarthMuerte
I will not. I will no longer pay federal income taxes. I cannot, in good conscience, support the slaughter of babies. I will not pay for abortions. I declare a tax strike and I am willing to go to jail for it.
Originally posted by beezzer
Just another point.
Since we all might be paying more in taxes, we'll all be able to see how much the government actually takes!