| User Info
| ISSA Finally Says It Like It Is in forum [Market-Ticker]
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Crzymorse
Posts: 1229
Incept: 2010-06-25
Maryland
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Charles Rangel - the ****ing tax evader. Another reason spending needs to be cut.
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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Issa: Quote:"We're taxing $1.2 trillion dollars this year. We're not collecting it, but we're taxing it." Sounds to me like he's OK with the taxing part....but wants the "collections" part to go into high gear. Maybe I am reading that wrong. Karl: Quote:But my daughter had no ability to resist and received no benefit from said spending and thus has no obligation to pay and nothing other than her willful and intentional future consent, freely given, can change this fact. ORLY? I'd bet IRS feels otherwise when she gets her first job. I see you did qualify your statement by mentioning her being taxed while underage of employment, but still........ Where is your contract? Where did you sign? Just playing devils advocate here. ;)
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...burp
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Mdporter
Posts: 576
Incept: 2008-02-26
San Jose, CA
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Reminder: A member of the US House of Representatives makes about $174,000 a year. After ten or twelve years they get that amount for life.
Same in the Senate.
A salary most can only dream about, not including all the perks. And yet they still can't make even the most basic decisions.
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Genesis
Posts: 131489
Incept: 2007-06-26
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Duc: Oh I'm sure the IRS will see it that way.
If, however, youth of today or those not-yet-born all turn into Joseph Stack (or worse) I cannot condemn them for doing so, as they neither consented or benefited from this.
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I don't care if it makes sense -- only if it makes money. -- Me Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb. What part of "shall not be infringed" was unclear?
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Azusgm
Posts: 2623
Incept: 2010-12-02
East Texas
Online
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They did make the decision to prevent the Obama pay hikes from going into effect. Two Republicans voted against it. The vote was 287-129.
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Frat
Posts: 1939
Incept: 2009-07-15
NKY
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Quote:No Congress and no President has the right to deficit spend as persons who obtained no benefit and gave no consent have every right to refuse to pay through whatever means are necessary. ...hence the reason that Fein**** and the like are bound and determined to remove the legitimate tools of their future refusal. See folks? Taxes and the right to bear arms (and duty, in point of fact) ARE VERY MUCH intertwined....
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We're ****ed. Where's Henry Bowman when you need him?
Reason: Parenthetical Movement
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Marvinmartian
Posts: 759
Incept: 2011-03-16
Pasadena, CA
Banned
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I have been telling those in my life - todays deficits means tomorrow's taxes to pay them off.
I have not gone into the financial******of today's youth. I'll have to find a way of saying that to those around me without them ceasing to listen.
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Azusgm
Posts: 2623
Incept: 2010-12-02
East Texas
Online
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Gen, Rep. Jean Schmidt (R-Ohio) just agreed with you.
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Ghopper
Posts: 2317
Incept: 2011-06-11
Staten Island, NY
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Quote:"*CANTOR VOTES NO ON BUDGET BILL" Cant'or smells blood. He is pretending to be in opposition to make a play at the Speaker Chair.
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Cvdoc
Posts: 174
Incept: 2009-06-11
Washington, DC
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Agree Ghopper. Cantor will likely succeed. And how about Ryan. Never serious about bein VP. Ran for his seat simultaneously. And voted for this bill. Another wolf in sheep's clothing.
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Few men desire liberty; most men wish only for a just master. Sallust
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Reluctantdebtor
Posts: 134
Incept: 2010-03-05
ohio
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That taxes aren't really "owed" is a belief I shared. I brilliantly avoided them, although I never made enough money to save any beneficial amount. Then my body failed bit by bit, and I exhausted my savings and credit within two years thanks to the American medical system. Then I applied for "disability" because hey why not. Then I found out that, at my age, a certain amount of "credits" were necessary to get full disability payments. I did not have them, so I did not qualify. I did qualify for 50% of the disability amount if I establish a proper medical history, which has become difficult since few local doctors will even let me in their offices (I owe them tens of thousands of dollars I don't have and can't get). So the whole thing just*****es me off. I am faced with the eventual possibility of taking up occasionally armed criminal activity to make ends meet, a laughable thought considering my pronounced limp and constant pain. It has been over thirty years since I engaged in such things, and I no longer confident I can pull that off. If I can make it to "retirement" age alive & intact, and if current benefits still exist then, I might be okay for a while. I'm not counting on it. That's a few years away.
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Mortgageguymn
Posts: 1584
Incept: 2009-03-09
North Coast
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Vegasradar
Posts: 8721
Incept: 2007-07-11
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OMG INFLATE INFLATE INFLATE
who would have thunk it??
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Be the change you want to see in the world. ~Mahatma Gandhi
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Azusgm
Posts: 2623
Incept: 2010-12-02
East Texas
Online
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The Oklahoma Republicans did a mighty fancy job of voting "yes". Even some of the Texas Republicans voted "yes". Every single Republican and every single Democrat for Pennsylvania voted "yes". The one Republican from Oregon voted "yes" while three of the four Democrats from Oregon voted "no".
Really not what I expected on a detailed basis.
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Mannfm11
Posts: 3617
Incept: 2009-02-28
DFW, Tx
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This doesn't have anything to do with what is owed in the future. They will push that ball until it won't roll. The debt is being taken out of the current economy. All you stupid ****s here that say, "they will just print it" should shut up and find out what that mean. In fact, if we were face to face having that discussion, chances are you would find my hands around your throat.
Gerald Celante was just on Coast to Coast AM. He described the morans running our country. Morons. I don't care if they graduated at the top of their class at Harvard, morons all the same. Go to Iraq for some odd ball reason. Spend a trillion, lose a war, kill a million people and ruin the lives of thousands of our own people. Do the same in Afghanistan. We have ****ing idiots pulling $4 trillion a year out of our economy. Think about it?
Why is the US not competitive in the production of goods? It isn't labor costs. It is the cost of the government, including the dilution of our standard of living. Put it on the credit card. Force credit into the system to support consumption. Let the bastard multinationals make stuff overseas and leave the taxation on the border, pretending to keep the money offshore. We are being led by a criminal organization, down the path of ruin, so they can enjoy a little prestige.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Noodleman
Posts: 2509
Incept: 2008-11-01
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I am really ashamed to be a baby boomer. Really, I am. I remember all the BS about "flower power". Now the ones who wore flowers in their hair and asked for equality and fairness are ****ing the up and coming generations out of their financial futures. Whenever I talk to college kids on the street I apologize to them. I do. I tell them that I'm sorry that my generation has contributed greatly to turning their generation into future debt slaves. Some of them understand what I'm talking about. But many of them look at me with their heads turned sideways with a quizzical glance in their eyes. I just tell them that sooner or later they will understand what I mean.
But I really don't understand why the kids aren't fighting back? They can't be that stupid. Especially the ones in college. They must understand the manner in which they're being financially *****. Are they anestitized? Or do they consider themselves to be fortunate to get a seat aboard with FS wagon with their $70,000 student loans? heh.
What a screwed up world.
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"It may be true that you can't fool all the people all the time, but you can fool enough of them to rule a large country." William James Durant, 5 Nov 1885 - 7 Nov 1981
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Aethor
Posts: 159
Incept: 2011-11-15
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Noodleman wrote..But I really don't understand why the kids aren't fighting back? They don't because it would require organization and numbers... There are no numbers because half of them don't understand the situation, a quarter or more thinks (probably correctly) they personally will be better off trying to earn some money than trying to start a revolution, and some of those who are both competent and willing to put in the effort, are working for the other side. Oh and there are some who either don't want to do anything, or go straight into crime. Organization would require people willing to dedicate their entire lives to it, competent and at the same time ethical enough that they wouldn't twist its original purpose into something else. Yeah right, you'll find such. Genesis tried with the Liberal party, and we know how that worked out. I know of a number of organizations around the world with pretty much same issues. Lacking either, in a "every man for himself" situation, trying to fight on your own... it just makes a royal mess out of your life. And so they don't. Also, as Lenin explained, it's easier to start a revolution where people are already so poor they don't have anything to lose. In the western world, people still have way too much to lose, so most of them will rather stick to that than turn their life upside down. When it comes to where people don't have bread to eat and a place to sleep, they'll start fighting. Pity, really, because much more could be saved if they would start now. But that ain't gonna happen.
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Bertdilbert
Posts: 2695
Incept: 2008-12-22
CA
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Bertdilbert
Posts: 2695
Incept: 2008-12-22
CA
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Quote:But I really don't understand why the kids aren't fighting back? 1. Because the kids are not getting billed yet plus now they are getting extended unemployment. Nothing is going to happen until the benefits run out and they are just left with the bill. In addition some are able to hide in government money for school. 2. The battle is kids verses parents and grandparents who effectively stole from them by not standing up for the rights of the children and spending their future. This will be complicated because many kids will be forced to live with their parents due to high youth unemployment. Thus they will still need the support of the family. Not so lucky will be the parents that have to move in with their kids to survive in the coming years. They will be the first to get an earful of how they were cheated. The parents that dined and ditched on their kids will find that their is no free lunch down the road.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Bertdilbert
Posts: 2695
Incept: 2008-12-22
CA
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Quote:All you stupid ****s here that say, "they will just print it" should shut up and find out what that mean. In fact, if we were face to face having that discussion, chances are you would find my hands around your throat. Oh that is just too tempting... "They will just print it!" They will keep on printing because once they find they have a printing press they are going to print until the market pukes. If necessary, Bernanke will go with NEGATIVE interest rates to spur the economy with QE whatever it takes. I view the above to be well grounded based on my observations over the last years, choking my neck will not change what they do. Rather than getting mad about it, understand the most likely course of action to be taken by government and position yourself accordingly.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Vitchilo
Posts: 4990
Incept: 2011-04-27
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Bertdilbert : Obamabots response : but but but! A country is not like a family! A country can tax more and more and have unlimited credit!
They REALLY think Bondzilla is NEVER going to show up.
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We hang the petty thieves and promote the great ones to office.
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Bertdilbert
Posts: 2695
Incept: 2008-12-22
CA
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Vitchilo,
Bondzilla is not going to show up since the Fed can purchase all they want. Inflationzilla might show up at some future point but as long as the Fed operates with unlimited buying capacity, bondzilla is out of the question.
The reason bondzilla is hitting Europe is because they are limited by treaty as to what they can do with separation of central banks and ability to fund deficits. Therefore they keep creating schemes to print more money.
Don't expect the Fed to change course until inflation is licking 4 or 5%. Forget stated inflation goals, they will side with "full employment" until it cracks.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Vitchilo
Posts: 4990
Incept: 2011-04-27
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I know that. Still, the FED just cannot raise their balance sheet forever... hyperinflation/unwind of positions will mean total chaos in the street. The FED has put itself in a corner it cannot get out of.
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We hang the petty thieves and promote the great ones to office.
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Bertdilbert
Posts: 2695
Incept: 2008-12-22
CA
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Vitchilo, that is not necessarily true. The debt on the Fed balance sheet can be basically cleared with the stroke of a pen. None of that debt on the Fed balance sheet will ever see the light of day and compete against the government auctions and be allowed to negatively impact interest rates on debt issuance in any meaningful fashion. For now it serves it's purpose but thinking the Fed is in a box because of it is completely wrong.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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