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Topic: When will the USA pay their debts, if ever? - page 6. (Read 20967 times)

sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
December 14, 2014, 01:06:05 PM
There's no reason to try convincing someone to vote a particular way.  The political process is just a waste of money, time and energy.  That's money, time, and energy that could be spent on more productive pursuits.

People should be free to live in whatever system they want without without someone else forcing their religious, political, or economic idealogies on them.  If the majority of people out there are happy handing over their money to politicians, I say let them--no need to wait for a law.

Political systems evolve.
We have had monarchies, theocracies, dictatorships, etc...
The current flavor seems to be democracies - where the will of the majority is imposed on the others.
With a democracy everyone's voice/opinion can be heard equally which promotes fairness.

It is also better then the other kinds of political systems as all others as the will of the very few (less then 1%) is imposed on everyone else and violence is often used to enforce it.
legendary
Activity: 1246
Merit: 1000
December 14, 2014, 12:49:29 AM
There's no reason to try convincing someone to vote a particular way.  The political process is just a waste of money, time and energy.  That's money, time, and energy that could be spent on more productive pursuits.

People should be free to live in whatever system they want without without someone else forcing their religious, political, or economic idealogies on them.  If the majority of people out there are happy handing over their money to politicians, I say let them--no need to wait for a law.

Political systems evolve.
We have had monarchies, theocracies, dictatorships, etc...
The current flavor seems to be democracies - where the will of the majority is imposed on the others.
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
December 13, 2014, 02:14:26 PM
It's hard to call it stealing in a democracy. The US citizens have the power of the vote and if they wanted to reduce or eliminate the debt or taxes they could vote to do so. Unfortunately, there's not organized effort to pool that voice, err vote, and make that desire a reality.

The government doesn't rule the people of a democracy, they only operate within the freedom and the ability granted to them by the People.
Just because 50% +1 of the voting cattle are able to choose the rulers and use the euphemism of "taxing" doesn't mean it isn't stealing from the 50% -1 and those that don't or can't vote.

www.youtube.com/watch?v=t5FNDRgPOLs
Ha, so because the 49% in your example aren't motivated enough to convince the 2% they need to change the laws it's considered stealing?

Don't be so naive AND LAZY!

The reality is that those in favor of paying taxes would be much higher than 51%, but I'm a big fan of you taking the energy you've spent on this site bitching about it to getting the population to vote taxes out. Don't blame democracy when people vote against your point of view, use the democracy to change things...

There's no reason to try convincing someone to vote a particular way.  The political process is just a waste of money, time and energy.  That's money, time, and energy that could be spent on more productive pursuits.

People should be free to live in whatever system they want without without someone else forcing their religious, political, or economic idealogies on them.  If the majority of people out there are happy handing over their money to politicians, I say let them--no need to wait for a law.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
December 13, 2014, 12:36:52 PM
the federal government has no money but what it steals from the population.
thats why its not mathematically possible for all the states to be subsidized by the federal government.
what happens in reality is that the rich states are paying for the poor.
its in their best interest to leave the union and stop subsdizing the deadbeat states.
a bonus point is that they get to escape paying the impossible debt the federal government has racked up.

It's hard to call it stealing in a democracy. The US citizens have the power of the vote and if they wanted to reduce or eliminate the debt or taxes they could vote to do so. Unfortunately, there's not organized effort to pool that voice, err vote, and make that desire a reality.

The government doesn't rule the people of a democracy, they only operate within the freedom and the ability granted to them by the People.

Just because 50% +1 of the voting cattle are able to choose the rulers and use the euphemism of "taxing" doesn't mean it isn't stealing from the 50% -1 and those that don't or can't vote.

www.youtube.com/watch?v=t5FNDRgPOLs

Ha, so because the 49% in your example aren't motivated enough to convince the 2% they need to change the laws it's considered stealing?

Don't be so naive AND LAZY!

The reality is that those in favor of paying taxes would be much higher than 51%, but I'm a big fan of you taking the energy you've spent on this site bitching about it to getting the population to vote taxes out. Don't blame democracy when people vote against your point of view, use the democracy to change things...
legendary
Activity: 1582
Merit: 1064
December 09, 2014, 04:02:58 AM
Never. Debt will always be restructured. In order to pay the debt of this size you need to print a lot of dollars, which will lead to strong inflation.

 The correct word to use would be refinanced. The debt would be continuously rolled over, as long as the United States does not collapse.
newbie
Activity: 29
Merit: 0
December 08, 2014, 01:53:09 PM
Never. Debt will always be restructured. In order to pay the debt of this size you need to print a lot of dollars, which will lead to strong inflation.
sr. member
Activity: 378
Merit: 254
December 08, 2014, 11:54:57 AM
...
What you've been seeing is early BTC holders taking some profit off the table.  Nothing wrong with that.  Cheesy

Yeah, the smarter of us have already dumped Cheesy

hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
December 08, 2014, 11:50:28 AM
...
But they've gained quite a bit of spending power over the last two years.  If they continue to accumulate and dollar cost average there's a good chance they'll do quite well.  On the other hand, if they accumulate savings in fiat they'll just be serfs allowing politicians to amass more debt and bankers to keep inflating the money supply.  To each his own.  Wink

Lol, if the whole exponentially increasing adoption/network effect mularkey has any weight, there were very few users 2 years ago.
What you're seeing now is a typical pyramid scheme profit curve Cheesy

What you've been seeing is early BTC holders taking some profit off the table.  Nothing wrong with that.  Cheesy
sr. member
Activity: 378
Merit: 254
December 08, 2014, 11:44:02 AM
...
But they've gained quite a bit of spending power over the last two years.  If they continue to accumulate and dollar cost average there's a good chance they'll do quite well.  On the other hand, if they accumulate savings in fiat they'll just be serfs allowing politicians to amass more debt and bankers to keep inflating the money supply.  To each his own.  Wink

Lol, if the whole exponentially increasing adoption/network effect mularkey has any weight, there were very few users 2 years ago.
What you're seeing now is a typical pyramid scheme profit curve Cheesy
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
December 08, 2014, 11:05:39 AM
^
The 50% -1 are welcome to GTFO and move anywhere that would take their sorry ass Smiley
Amazing how many of you whine about taxation, yet are too lazy/stupid/inept/scared to do anything about it.

You may now return to sulking & failing.

Or they could just switch to a stateless form of money that can't be redistributed, confiscated, or inflated.  Bitcoin don't give a shit what the 50% +1 vote for. Smiley

Sure.  Unfortunately for those who have switched to BTCeanie BTCabies this stateless currency, they've lost two thirds of their spending power over the last year, if they haven't lost it to outright scams/"investing" in Bitcoin "securities." 
And this currency still can't be spent without converting it to real money Cheesy

But they've gained quite a bit of spending power over the last two years.  If they continue to accumulate and dollar cost average there's a good chance they'll do quite well.  On the other hand, if they accumulate savings in fiat they'll just be serfs allowing politicians to amass more debt and bankers to keep inflating the money supply.  To each his own.  Wink
sr. member
Activity: 378
Merit: 254
December 08, 2014, 10:24:23 AM
^
The 50% -1 are welcome to GTFO and move anywhere that would take their sorry ass Smiley
Amazing how many of you whine about taxation, yet are too lazy/stupid/inept/scared to do anything about it.

You may now return to sulking & failing.

Or they could just switch to a stateless form of money that can't be redistributed, confiscated, or inflated.  Bitcoin don't give a shit what the 50% +1 vote for. Smiley

Sure.  Unfortunately for those who have switched to BTCeanie BTCabies this stateless currency, they've lost two thirds of their spending power over the last year, if they haven't lost it to outright scams/"investing" in Bitcoin "securities." 
And this currency still can't be spent without converting it to real money Cheesy
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
December 08, 2014, 10:10:09 AM
^
The 50% -1 are welcome to GTFO and move anywhere that would take their sorry ass Smiley
Amazing how many of you whine about taxation, yet are too lazy/stupid/inept/scared to do anything about it.

You may now return to sulking & failing.

Or they could just switch to a stateless form of money that can't be redistributed, confiscated, or inflated.  Bitcoin don't give a shit what the 50% +1 vote for. Smiley
sr. member
Activity: 378
Merit: 254
December 08, 2014, 08:40:02 AM
^
The 50% -1 are welcome to GTFO and move anywhere that would take their sorry ass Smiley
Amazing how many of you whine about taxation, yet are too lazy/stupid/inept/scared to do anything about it.

You may now return to sulking & failing.
legendary
Activity: 1582
Merit: 1064
December 08, 2014, 04:30:18 AM

Just because 50% +1 of the voting cattle are able to choose the rulers and use the euphemism of "taxing" doesn't mean it isn't stealing from the 50% -1 and those that don't or can't vote.

www.youtube.com/watch?v=t5FNDRgPOLs

It may not even be 50%!
There are some presidents who have lost the popular vote.
sr. member
Activity: 420
Merit: 250
Ever wanted to run your own casino? PM me for info
December 08, 2014, 12:15:43 AM
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
The states do not actually have the right to leave the union as a war was fought over this right ~200 years ago and the states that wanted to leave lost.

Also no state in it's right mind wold want to leave the union as the federal government gives massive amounts of subsidies and funding for every single state for things like education and roads and medicare/medicaid

the federal government has no money but what it steals from the population.
thats why its not mathematically possible for all the states to be subsidized by the federal government.
what happens in reality is that the rich states are paying for the poor.
its in their best interest to leave the union and stop subsdizing the deadbeat states.
a bonus point is that they get to escape paying the impossible debt the federal government has racked up.

It's hard to call it stealing in a democracy. The US citizens have the power of the vote and if they wanted to reduce or eliminate the debt or taxes they could vote to do so. Unfortunately, there's not organized effort to pool that voice, err vote, and make that desire a reality.

The government doesn't rule the people of a democracy, they only operate within the freedom and the ability granted to them by the People.
The issue is that it is easy to manipulate the outcome of elections which takes away the value of each person's vote
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
December 07, 2014, 07:41:37 PM
the federal government has no money but what it steals from the population.
thats why its not mathematically possible for all the states to be subsidized by the federal government.
what happens in reality is that the rich states are paying for the poor.
its in their best interest to leave the union and stop subsdizing the deadbeat states.
a bonus point is that they get to escape paying the impossible debt the federal government has racked up.

It's hard to call it stealing in a democracy. The US citizens have the power of the vote and if they wanted to reduce or eliminate the debt or taxes they could vote to do so. Unfortunately, there's not organized effort to pool that voice, err vote, and make that desire a reality.

The government doesn't rule the people of a democracy, they only operate within the freedom and the ability granted to them by the People.

Just because 50% +1 of the voting cattle are able to choose the rulers and use the euphemism of "taxing" doesn't mean it isn't stealing from the 50% -1 and those that don't or can't vote.

www.youtube.com/watch?v=t5FNDRgPOLs
full member
Activity: 154
Merit: 100
December 07, 2014, 04:33:45 PM
id say its never gonna happen mate!
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
December 07, 2014, 03:35:15 PM
The USA will pay their debts as soon as the People vote the government to do so.

It's as simple (and as difficult) as that.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
December 07, 2014, 03:23:22 PM
one way this could end is if states start to secede from the union, leaving the others with the bill, similar to what Catalonia is trying to do now in Spain.
The states do not actually have the right to leave the union as a war was fought over this right ~200 years ago and the states that wanted to leave lost.

Also no state in it's right mind wold want to leave the union as the federal government gives massive amounts of subsidies and funding for every single state for things like education and roads and medicare/medicaid

the federal government has no money but what it steals from the population.
thats why its not mathematically possible for all the states to be subsidized by the federal government.
what happens in reality is that the rich states are paying for the poor.
its in their best interest to leave the union and stop subsdizing the deadbeat states.
a bonus point is that they get to escape paying the impossible debt the federal government has racked up.

It's hard to call it stealing in a democracy. The US citizens have the power of the vote and if they wanted to reduce or eliminate the debt or taxes they could vote to do so. Unfortunately, there's not organized effort to pool that voice, err vote, and make that desire a reality.

The government doesn't rule the people of a democracy, they only operate within the freedom and the ability granted to them by the People.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
December 07, 2014, 03:19:53 PM
There's no real incentive to pay it off as long as the US can keep addressing, servicing the interest AND they can control the money supply.

What would be really cool though is if a US President centered his platform around reducing the debt, and only that. If he/she spent the 4 year term not spending more money, not introducing new programs, not ignoring all the waste. That would be really historic, they'd be remembered in the history books for such a great accomplishment. Unfortunately human nature has us wired differently. Every president needs to "make their mark in history" and as such tries to introduce some new legislation or plan, even when it's not needed.

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