It’s a simple question. House Speaker John Boehner has said that America is broke. We spend more than we take in, and we will continue to do it for the foreseeable future. However, Democrat Steny Hoyer, Nancy Pelosi’s chief crony, says we’re not broke. He just says we need to use our resources to get us back to being fiscally sound. Hello! We are using more resources than we have!
Here’s the clip, first reported by CNSNews.com:
So… tell me… how does one use our resources to "get us to a place" where we are a "fiscally sound nation" when we are spending more than we take in? Doesn't cutting spending make sense? Isn't that what a household would do? Why is that so hard for people like Hoyer to understand?
Come on, Mr. Eberle, you know as well as I that it isn’t hard for Hoyer and others to understand that cutting spending makes sense. They do understand it, one would have to be a complete idiot not to, and they aren’t idiots. It’s just that getting re-elected is more important than the future of the Republic. Why is that so hard to understand?
Are you sure Hoyer isn’t an idiot?! The one thing we know for sure is that he’s Pelosi’s lap dog, and Pelosi is an idiot, al beit a dangerous one.
You have to be an idiot to be a liberal and a Democrat.
Well, AMVoter, name-calling might be helpful in that it allows one to vent, but let’s be serious about it; people who are literally idiots don’t get elected to Congress–or the White House. Neither do they get to have their agendas enacted, and the liberals have certainly gotten their agendas enacted for many decades. If Pelosi etal are idiots, what does that make those of us who have been unable to block them; more stupid than idiots? You may feel comfortable with stating idiots have outsmarted you, but I’m not. They aren’t idiots, they’re smart, clever people who know what they want, and know how to get it. If that weren’t so, we wouldn’t be where we are as a nation.
What he is suggesting is insanity, where insanity is to keep on doing what you are doing and expecting a diffrent out come. They have been spending, spending while searching for the “place” where we will be a fiscally sound nation for decades and it has not worked. It is just 16 billion and the nation is another day older and deeper in debt!
In fact if the voters had not had their bell rung and brought to their senses by the king of deficits, O himself, they would have just stayed addicted to spending.
The fundamental problem is not deficits, but the ND, our national debt. If there was no ND, there would be no deficit.
How to get rid of the ND? It’s easy, just do the opposite of the way it was created. And how was it created? By irresponsible spending by our elected officials, aka deficit spending for decades! ND = national debt
So the opposite will be to do what? First and foremost uncouple money from the fed res and restore it’s constitutional properties. i.e-just print it, don’t borrow it. The govt doesn’t need to borrow it from a bunch of banksters, oops bankers. They have the authority to print baby print if they are so reckless and irresponsible and self serving to trash the dollar so they can buy votes and stay in office!
Second print enough money to balance the budget each year, but each budget year slice some, i.e cut the budget by a modest amount. This will create a surplus and the surplus must be used to buy back some some of the outstanding interest bearing govt instuments that exist. (Starting with those held by our enemies such as Iran to prevent them from using our dollars to buy arms and cause civil unrest.).
Each year a portion of the interest paid on the debt will be reduced further enhancing budget cuts. Should the surplus become excessive, then the govt should just take part of the surplus retire some cash.
This is managed deflation and will result in increased PP, purchasing power, of the dollar. Wages and the cost of houses will decrease, but the PP of the money you get will increase. With money, which has no stored value, it’s either more of less, inflation, or less of more, deflation, unless the amount of money in circulation is held constant or indexed to the nation’s population on a per capita basis. Also all countries need to balance their balance of payment number.
And oil rich countries need to be more generous in giving to the poor. Otherwise when they run out of oil they will have to become beggars and hope foreign countries will help them out. They do not typically have sources of revenue exceept oil which makes them vulnerable.
This process should be repeated over and over for maybe the next 50 to 100 years until the ND is zeroed out! Aka eliminated! This would be a great thing for America since we would be accentuating the positive, cash, and eliminatring the negative, the ND. Debt is enslaving and has done so to American taxpayers. Yes, our elected officials, mostly liberal democrats, have literally stuck it to the taxpayers. The citizens have been sold out by the politicians in DC!
No govt needs debt, but that does not mean I do not, or GM does not need debt. And that is what banks are for, to put unsuspecting users of debt into debt. Can anyone name a single reason why a govt needs debt, and what good does it do the govt and the taxpayers?
need to use our resources to get us back to being fiscally sound.
By “our resources” he means YOUR MONEY!
jrrphilly.
FAQ. Does the govt think it is our money or is it “their” money? The govt is now manager of the nation, it is boss politics on a national scale. Or at least that is their vison, their attitude of what govt is for. The idea of public servants seems to have been eliminated from DC. Not a good thing. Also our so called representatives are actually appointed by the parties since the flow of money into election campaigns from the super rich talks much louder than any piddling amount of money constituents donate. Even petro dollars flow into ouur elections. And all our candidates shamelessly accept all this money from whomever. Plus when did the prez operate police state a police state using union thugs like O did at the town hall meetings about health care.
America is broke, in the sense that it can’t possibly fulfil the debt obligations it has made. It is like a household that keeps putting more and more on a credit card, while simultaneously writing IOU’s. You cannot even say we are mortgaging our future, since when you have a mortgage you are at least paying off a tangible asset that can be sold later on. What asset is the US acquiring with its debt? Perhaps we should sell off some US assets to pay down the debt. China would probably pay a few trillion for Alaska, with its abundant natural resources. Personally I’d rather sell them California since it is also bankrupt, and the state is populated by a large number of people who aren’t US citizens anyway, and others who are already Communists (Hollywood). Of course I’m being facetious, but it makes you think about how desperate the situation is. Perhaps it will take a reverse Louisiana purchase to get us out of this mess.
We ARE broke and all these politicians know it. Don’t start parsing words.
The governments answer to balancing the budget is to borrow more money.