could someone help me out with this?

[TW]

dawgs, paying off the National Debt is not going to solve the problem. It would in actuality make the situation worse. We, and most of the rest of the world, now function on a debt based economy. Under a debt based economy model the only way for the economy to grow is to create new debt. Most of our wealth exist as entries in a ledger or on a computer. Very little actually exist as printed currency, only enough to conduct the day to day cash transaction of the nation. If a debt is retired for any reason; default, forgiven, or repaid, that money is removed from the system (deflation). Deflation tends to erode confidence in both the lender and the borrower so the economy goes into recession. Should further confidence be lost then it becomes a depression. Paying off the debt might sound like a great idea, but given the realities of our economic system it isn't. We need to return to an economy that is based on currency that has real value, such as we had when we had the Gold Standard.

Oh, and by the way there are Federal Excise Taxes on Alcohol:
Beer $0.58 ($18.00 per barrel)
Wine $1,07
Spirits $13.30 (per 100 proof gallon {50% alcohol})

Taxes based on 1 gallon volume.


TW

[dawgs10]

dawgs, paying off the National Debt is not going to solve the problem. It would in actuality make the situation worse. We, and most of the rest of the world, now function on a debt based economy. Under a debt based economy model the only way for the economy to grow is to create new debt. Most of our wealth exist as entries in a ledger or on a computer. Very little actually exist as printed currency, only enough to conduct the day to day cash transaction of the nation. If a debt is retired for any reason; default, forgiven, or repaid, that money is removed from the system (deflation). Deflation tends to erode confidence in both the lender and the borrower so the economy goes into recession. Should further confidence be lost then it becomes a depression. Paying off the debt might sound like a great idea, but given the realities of our economic system it isn't. We need to return to an economy that is based on currency that has real value, such as we had when we had the Gold Standard.

Oh, and by the way there are Federal Excise Taxes on Alcohol:
Beer $0.58 ($18.00 per barrel)
Wine $1,07
Spirits $13.30 (per 100 proof gallon {50% alcohol})

Taxes based on 1 gallon volume.


TW

and where does that tax money go. thats the issue. and as far as inflation, you have fliped out if you think a balanced budget is bad even with inflation. the fact is we dont need to stop helping the person that needs help. we need to pay the debt off.

[oletimer]

and I wish we had that beating the dead horse. For at least the last six pages had been the same thing said in so may ways, I don't see how yall can come up with any more ways of saying it not that way because its this way. Don't yall think its time to give it a rest? Just my thoughts.

[Full Quiver]

Dawgs, was the economy thriving under Clinton?

Did you know that the Republican led Congress cut taxes and Clinton signed the bill? How on Earth did the economy boom so with lower taxes?

[dawgs10]

people paying taxes should have nothing to do with the economy. there has always been taxes and there has always been ups and downs in the economy. pay your taxes and love people.

[TW]

people paying taxes should have nothing to do with the economy. there has always been taxes and there has always been ups and downs in the economy. pay your taxes and love people.

dawgs tax revenues are linked directly to the economy. When the economy is depressed tax revenues drop. There is a twofold reason for this. First income taxes drop because of the lower amount of personal income earned. Secondly, people spend less in a depressed economy so sales and user taxes also reflect the tighter money supply. We cannot afford to continue on the road the government economist placed us on in the '30s. A debt driven economy is doomed to collapse at some point. We need to return to an economic system where the currency has real value, not a credit value.


TW

[Full Quiver]

Well, well, well, avoiding the truth aren't we dawgs?

[MacUser]

people paying taxes should have nothing to do with the economy

( Sorry weekends I unplug as much as possible. Great Fathers Day! )

This above quote is akin / equal to.. to saying that Church Tithes also have nothing to do with the Economy. If jobs are slashed from high taxation mandates, donations will instantly suffer. If our economy nosedives and people have to take a cut in pay.. the church donations instantly take a cut also. You can draw so many life lesson analogies here.

Again.. this just shows the ineptness of understanding outside of ideology.

Furthermore.. to arrive at this ideology you would have to hold the belief that regardless of their shrinking economic realities ( salary reduction, unemployment ) your Church People would still have access to untold reserves of cash... just stockpiled... eagerly topping previous donations.

[Kevin]

take my sentence into context and you will find that raising taxes, and spending less on world domination would create money to be able to take care of our own. build roads, build bridges, provide a health care program that works. you know, treat people like people and not numbers to be cast away. just listened to neil covuto on fox defend BP. thats what kind of bull the tea party is for. (state rights). so that if you dont like the minority right or wrong you stay in control. the people with the money run the world. thats what state rights mean. its code for raciasm, unfair corp. practices, and the fat man gets more fat. Travis Trent had it right, Lord have mercy on the working man. we are gonna need it.

Ummm, right now... with all your government programs... half of one percent of this country controls 56% of the finances here.