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Federal spending to increase by $1 Trillion in 2009. 4/17/2009
Does this scare you?
See breakdown.† Should the government be spending more to get us out of these tough economic times?† What other solutions would you suggest?
Didn't people go to debtors prison if they couldn't pay their bill?
Posted by OneWhoCares on 4/29/2009 3:38:17 PM
The Founders of our Constitution regarded "not paying back on your own debt" as immoral. As stated by Thomas Jefferson (as can be found in Writings of Thomas Jefferson), "we shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of the generation, of the life [expectancy] of the majority." In other words, each generation has the responsibility to pay down on their debts, as opposed to passing them onto their children and grandchildren (the next generations). This is applicable at home, on the local scale and within our state and federal governments. This principle was fervently practiced by our state and federal governments until the early 60s. JFK believed in this principle and had policies on standby to implement and ensure that our federal budget was in the black by the end of his term. However, LBJ ignored many of those policies and allowed "spending before revenue" policies to begin a trend which has turned into a "monster" in just the last few years. These policies, which include continuous printing of new money to pay for budget deficits, have led We, the people into a ongoing recession which may not be resolved for the next few years, the possibility of hyperinflation which would result from foreign investors (e.g., China) to no longer investing in our bonds and treasuries; thus resulting in large decrease in the value of the U.S. dollar, and currently leaving our children with owing over $100,000 dollars in tax revenue per year just for the interest of our national debt. We, the people have allowed this to happen thru our apathy when practicing our constitutional rights to vote and be engaged in political policies. We, the people must fight to right this wrong and find representatives for our state and federal governments who believe in and will practice within our values and principles as expected by the framers of the Constitution. Do you have the guts to become more involved or will you continue to complain with no substantiation? The choice is ours to make.
But what do I know: I'm just an American.
Posted by WILDBILLVENT on 5/2/2009 2:35:03 PM
Grazi for maikng it nice and EZ.
Posted by Betty on 9/7/2011 2:01:28 PM
in German Schaffe, schaffe, He4usle baue (lit. work, work, build home ), while they have their siastes and similar. We have a German Wirtschaftswunder after the war, Austria also boomed pretty well back then, but there was never anything even remotely similar in Italy, or any other PIIG. It's a mentality anda culture issue, again proving that there is no Europe / European thing. There are different people, different cultures and they don't mix. Why do we have to pay for their sloppiness? Kick them all out of the Eurozone. Heck, drop the Euro, drop the EU. It's clearly not working.We're talking countries here, that have been looked down upon and laughed at long before we even had an EU. Italy, Spain, Greece, Portugal, nice vacation places (if you like roasting in the sun) but apart from that the general sentiment among Austrians, Germans, British, Dutch and others was always lol when looking at their economic power and so on.And their austerity measures will hold for how long? Until the moment Greece gets absolved 50% of their debt. There is already talk about doing that. The moment they see there won't be consequences they will go back to how things were. Why? Because it's easier.