Could $1 trillion coin solve debt crisis?

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PostSat Jan 05, 2013 11:10 pm » by Cia212


Noentry wrote:
Cia212 wrote:
Noentry wrote:When something is broken like capitalism it can not be fixed with more currency or debt. It is the system that needs changing. Just like when communism failed.

That isn't capitalism. It's our creep to socialism that has failed in the US, but we continue to run toward it.


Creep?
Every society has socialist aspects. There is no such thing as pure capitalism, that is just a word in a book nothing else. If not countries would descend into chaos.
A centralised army is a socialist venture by its very nature.

I agree. We have to reduce the size of the welfare state, that is the sole reason we are in trouble. In anyone's book, that means more capitalism, not less.

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PostSat Jan 05, 2013 11:13 pm » by Cia212


MickyMouse wrote:
Cia212 wrote:
MickyMouse wrote:Discretionary defense spending is barely significant, you can't fire or not feed the soldiers, and you can't refuse to pay existing contracts, the amount that offers any wiggle room is less than $200 billion


Not really no, it's difficult TODAY to cut spending, but year to year it's ALL discretionary depending on the nature of your gov. The US has a war hungry gov and society so that's where your budget priorities lie, a simple budget pie chart demonstrates this perfectly.

America hasn't gotten into their position overnight, it's been building up for years, and starting wars to prop up the economy has run it's course so now the US gov is both flat broke and generally hated by the rest of the world as a result. If their economy collapses which it just may well do and drags those of us living in pretty damn healthy economies that situation will only get worse

I personally think that with US defense spending at what can only be described as ridiculous levels, and intelligence spending higher than the rest of the world combined that if you guys can find a president and congress that is more interested in the people of the US than fighting losing wars in far away countries and sacrificing young men and women to protect the US dollar, then you will get back on track, until then they seem weirdly hell bent on driving you into the ground.

If they halved the spending, the economy could boom, the people could return to a prosperous state and the rest of us can stop shaking our heads at it all.

btw, if spending was halved, it would still be more than TWICE than China spends, think about it.

It still wouldn't make a dent. Our problem is welfare - government handouts. That is the sole problem, and it's the one thing no politician is brave enough to try and fix. And our population would vote him out if he did. We have grown into a nation of people who think they deserve something for nothing...

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PostSat Jan 05, 2013 11:16 pm » by domdabears


There's actually a petition on we the people, to make this happen.

I think about 800 have signed it so far.
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PostSat Jan 05, 2013 11:23 pm » by Noentry


Cia212 wrote:I agree. We have to reduce the size of the welfare state, that is the sole reason we are in trouble. In anyone's book, that means more capitalism, not less.


Modern Capitalism has been distorted into Crony Capitalism. An abomination of the purity of goods and services for profit of .......Capitalism.

Our economy's are often labeled free markets, but that is a lie.
The moment you involve government into this equation it stars drifting towards communism.

Both in there purest forms are just concepts, And have no place in the system we are being flogged.

It only works when there is a mix of the two.

And if there were smaller governments there would be no wars.
Funny that aint it? What makes us stronger as a nation weakens us as a race.
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PostSat Jan 05, 2013 11:25 pm » by *WillEase*


The 'Trillion Dollar Coin' Is No More Absurd Or Outrageous Than The Republican Threat To Put The U.S. Into Default...

Read more: http://www.businessinsider.com/the-tril ... z2H8eXw1Pu

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PostSat Jan 05, 2013 11:35 pm » by MickyMouse


Cia212 wrote:It still wouldn't make a dent. Our problem is welfare - government handouts. That is the sole problem, and it's the one thing no politician is brave enough to try and fix. And our population would vote him out if he did. We have grown into a nation of people who think they deserve something for nothing...


I agree and disagree, if you injected 300 Billion back into your economy annually then the welfare state kind of takes care of itself, sure in just about every 'western' nation we seem to have created multiple generations that just want a hand out and not work for it, but when there's jobs, people work, less people end up in prison, industry thrives and round it goes.

I always find it a bit weird when I suggest that reducing military spending in the US by a few hundred billion, but it seems people would rather be jobless and homeless than reduce the size of the war machine, i guess it's a social conditioning thing maybe.

I also agree that you guys need some polititions with some balls, what you have now is pathetic, they appear far more interested in making enemies of their own population as well as the rest of the world. If the US wants to even scrape their way back into the top 20 nations on earth then how they look after their people is paramount. From the outside, they dont seem to give a shit about any of you.

I think if the gov took a more humble outlook, realised that the US is now spinning uncontrollably down the crapper, is generally disrespected by the rest of us and just focus on rebuilding what was once the self proclaimed greatest nation on earth.

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PostSat Jan 05, 2013 11:53 pm » by Noentry


The welfare system saved my life, in not so many words.
Without it I never would of survived as a child in this often ignorant and cruel world.

We here in England know better then anyone else of the underclass(generations of people who live on welfare).

There are many sorts of welfare, Tax breaks fall under it, benefits, aid, concessions and all the other socialist leanings ultimately is welfare in one form or another.

Income supported welfare is like quick sand once it has got you and you are not given a real opertunity to get out, it you will never let go. Some do manage to escape, but not many.


But I tell you this and understand it.
Nobody but nobody is on income supported welfare because it is what they want. It is never a life choice. Never. That is :bullshit: .
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PostSun Jan 06, 2013 12:44 am » by Mydogma


corporate welfare is the problem
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PostSun Jan 06, 2013 12:46 am » by Mydogma


Noentry wrote:When something is broken like capitalism it can not be fixed with more currency or debt. It is the system that needs changing. Just like when communism failed.

Using more money to fix the problem of to much money being available within the system will only plaster over the cracks now forming. It is a pointless argument. This short term gain is only political and not a cure to this debt problem.

The point here is those who control the money have given themselves not just the lions share of it, they have invented vast suns of nonexistent money to control the system and in essence the world.

This has always been he plan from day one.

While the present system of money and power is in place we are all held in bondage and debt is the mechanism of this control.
The old systems of power and money are not progressive, they are designed to hold us back, to keep the very few in power.

bang on mate!
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PostSun Jan 06, 2013 1:02 am » by Cia212


MickyMouse wrote:
Cia212 wrote:It still wouldn't make a dent. Our problem is welfare - government handouts. That is the sole problem, and it's the one thing no politician is brave enough to try and fix. And our population would vote him out if he did. We have grown into a nation of people who think they deserve something for nothing...


I agree and disagree, if you injected 300 Billion back into your economy annually then the welfare state kind of takes care of itself, sure in just about every 'western' nation we seem to have created multiple generations that just want a hand out and not work for it, but when there's jobs, people work, less people end up in prison, industry thrives and round it goes.

Government welfare is over 2.25 Trillion dollars annually, 300 billion isn't a dent...and it certainly doesn't "take care" of anything.


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