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9/28/2008 3:44:50 PM Should tax payers be held accoutable for the debt of the Gov.?  

ebeverly1
Terre Haute, IN
age: 23


How do you fill having to pay a 700 billion dollar debt when you never had a chance to controll it in the first place?

9/28/2008 3:46:10 PM Should tax payers be held accoutable for the debt of the Gov.?  

indoubt
Beaumont, CA
age: 33


Im friggin pissed off. Did they approve this thing? I haven't had the T.v. on or heard any news

9/28/2008 3:50:28 PM Should tax payers be held accoutable for the debt of the Gov.?  

jays82
Delphos, OH
age: 44


Here is what the public school education system does not tell you. You are the government! The biggest problem is there are a lot of people in congress that are in what are called safe seats. These are seats that no matter what they do the people there keep voting them in. Like Barney Franks is a good example.

9/28/2008 3:53:26 PM Should tax payers be held accoutable for the debt of the Gov.?  

virilevirtuoso
Glendale, AZ
age: 36


"What happens to the power of the State when the People increase their knowledge and competence of monetary science and the rule of law? Everyone knows the cliché "follow the money trail." But with just a little more education we can all display a level of prophetic genius with regard to economic affairs and the power of the State which are always intertwined. Without the proper knowledge set we will not be sufficiently armed or motivated, nor will be willing to bear the burdens and hardships of the long hard road back to Liberty with Responsibility.

Whenever the power of the State increases, our economic autonomy and liberty must decrease. Given enough power, the State will eventually devour all resources and crush all means of production. The all-powerful State is insatiable because it combines all the hubris and criminality of all its operatives, dupes and parasites. It is the antithesis of creativity and productivity.

I am reminded of a favorite Jefferson quote as it is related by Hamilton Abert Long in "The American Ideal" – a text we provide free at LEXREX.com

With money we will get men, said Caesar, and with men we will get money. Nor should our assembly [the Virginia Legislature] be deluded by the integrity of their own purposes, and conclude that these unlimited powers will never be abused, because themselves are not disposed to abuse them. They should look forward to a time, and that not a distant one, when a corruption in this, as in the country from which we derive our origin [Great Britain], will have seized the heads of government, and be the voices of the people, and make them pay the price. Human nature is the same on every side of the Atlantic, and will be alike influenced by the same causes. The time to guard against corruption and tyranny, is before they shall have gotten hold on us. It is better to keep the wolf out of the fold, than to trust to drawing his teeth and talons after he shall have entered.

~ [from "Notes on the State of Virginia," 1782]

The wolves have already gathered to feast on the corpse of a dying Republic. It is our task now to pull out their teeth and talons. This means, among other things, that the Federal Reserve Banking System must be abolished along with every vestige of Corporate Fascism. The separation of bank and state is what must occur if we are to gain from the most recent upheavals. It would appear that more than enough suffering is imminent to make this point valid to the public. Perhaps this time it will be sufficiently engraved on our consciousness. But we need to keep focusing on the primary cause of the problem. Sadly, the Media, the "government" and the "experts" are constantly mistaking effects for causes either inadvertently or deliberately. During each crisis we need to step up our efforts to teach the liberty principles to others."

for the rest of this article copy and paste...www.lewrockwell.com/huff/huff19.html



[Edited 9/28/2008 3:55:10 PM]

9/28/2008 3:55:59 PM Should tax payers be held accoutable for the debt of the Gov.?  

ebeverly1
Terre Haute, IN
age: 23


Quote from indoubt:
Im friggin pissed off. Did they approve this thing? I haven't had the T.v. on or heard any news


After the long meeting they had yesterday, today was suppost to be the day that they put it on paper and Bush still had to sign off on it. I don't know how good the plan will really be seeing how it was a plan offered by Bush him self

9/28/2008 4:03:30 PM Should tax payers be held accoutable for the debt of the Gov.?  

randomwalk
Pequannock, NJ
age: 36


"Should tax payers be held accoutable for the debt of the Gov.?"

Held accountable?....NO!
...should we bail them out....YES!


For now, tax money should be used to save the financial black hole that is forming from sucking us into a Depression. To not do so would be foolhardy and naive.
The tax money should then be RESTORED to the treasury with interest by the banks that were saved over a 5 to 10 year period. This worked before and was profitable for the government.

New laws must go into effect preventing this mess from EVER happening again too.
..and while were at it.....someone please make the SEC to restore the UPTICK RULE!



[Edited 9/28/2008 4:05:06 PM]

9/28/2008 4:19:16 PM Should tax payers be held accoutable for the debt of the Gov.?  

bubba19682007
Indianapolis, IN
age: 40


Ive got an idea we liquidate all the assets of congress first and put that towards garaunteeing the loans that go into default and we put the rest of the shares of these banks on the market and let PRIVATE investors buy them up. there are only 8% of the loans going into default be a hell of alt chaper than buying them all out. the ONLY reason the govrnment wouldbuy them all out isto start a central bank

9/28/2008 4:27:43 PM Should tax payers be held accoutable for the debt of the Gov.?  

youngcharliemac
Las Vegas, NV
age: 26


right... so what about a central bank bubba? Good or bad idea?

Should our money be trusted into the private market, especially after what we are seeing?



[Edited 9/28/2008 4:28:37 PM]

9/28/2008 4:46:53 PM Should tax payers be held accoutable for the debt of the Gov.?  

rig216
Red Deer, AB
age: 46


In accordance with the Paulson bailout package, the government will own an "equity stake" with the current and forthcoming trouble firms. Details of the controlling interest haven't been revealed yet.

I will imagine that there will be a new government department with qualified staff to handle their "equity stake" and auditors dispatched to companies who wants a piece of that bailout package.

I will not be surprised that in a few years from now, we will hear stories on mismanagement,
and corruptions from the department administering that bailout package.

9/28/2008 4:54:58 PM Should tax payers be held accoutable for the debt of the Gov.?  
tohyup
York, ON
age: 46


Quote from ebeverly1:
How do you fill having to pay a 700 billion dollar debt when you never had a chance to controll it in the first place?

This is called the Republicans MESS !.
The Republicans never made sense and they are never going to make sense as far as I know . The tax payers are screwed up here .

9/28/2008 5:06:04 PM Should tax payers be held accoutable for the debt of the Gov.?  

jewelz5
Monteagle, TN
age: 54


ALL of your "illegally paid" Federal income tax money goes to pay on the INTEREST ONLY of the debt, from the bankruptcy of 1933 to the British Royal Crown, the Queen of England owns you.

9/28/2008 5:06:06 PM Should tax payers be held accoutable for the debt of the Gov.?  

bubba19682007
Indianapolis, IN
age: 40


Quote from youngcharliemac:
right... so what about a central bank bubba? Good or bad idea?

Should our money be trusted into the private market, especially after what we are seeing?


the bank situation was caused by the govenment so that they could have an excuseof a central bank. which is part of the commuist manifesto. And charlie, Im becoming more and more convinced that it is BOTH sides of the isle that are in on this. let me summerize the communist manifesto for you, after you read it look at what the government as a whole has been doing lately and tell me if it doesnt sound familiar.
1. abolition of private property

If the government takes over these banks they will in esence own all the mortgages, where they could say if you dont do what we tell you you will be kicked out on the street.

2. Abolition of all rights of inheritance.

Some in the government want to impliment a high Inheritance tax, In esence taking you inheritance.

3. Heavy progressive Income tax.

With the bank buyouts does anyone out there think they arent going to raise the income tx even higher?

4. Confiscation of property of all emigrants and rebels

5. government control of communications & transportation.

By keeping us from drilling our own oil and letting supply be low of oil they have started telling people that they have to cut down on driving, this will get worse.

6. government ownership of factories and agriculture.

By the government actually PAYING farmers not to farm and farming subsidies they are controling farming. with the labor unions in their bac pocket they can control the factories with strikes.

7.central bank

when the government bails out these banks then they will control who when and where the money goes essentually shuting down the free market.

8. government control of labor

Here again the unions, and controling factories will have them controling who works and who doesnt

9. corporate farms, regional planning

states will have less and less internal control

10. government control of education

There isnt anyone out there that is either in school or has kids in school that cant tell me they dont already have control of them. teaching pre-school children these thingsand endoctorinating them into these communist ideas so they dont know any better when they get older

This is why I asked you to look this up before charlie. I wanted you to see what was going on subtly, but with the bank deals going down, they are becomeing less sneaky about it.

9/28/2008 5:20:54 PM Should tax payers be held accoutable for the debt of the Gov.?  

noredneckhere
Sevierville, TN
age: 48


Quote from ebeverly1:
How do you fill having to pay a 700 billion dollar debt when you never had a chance to controll it in the first place?


What do you mean you never had the chance to control it?

There are 2 guilty parties in this. Dems and Pubs. Dems for pushing the relaxation of lending guidelines so 'lower income' people could become homeowners. This started in the 90's. Then along comes Wall Street, packaging these loans into securities made possible by a change in laws in a bill from a Republican controlled congress, and signed by Lewinsky's pimp.

So guess what Chief. We, the people, who voted in these politicians, are responsible. so yea, unless your too young to vote as of a week ago, you, and I, are responsible.

9/28/2008 6:03:16 PM Should tax payers be held accoutable for the debt of the Gov.?  

rig216
Red Deer, AB
age: 46


Bubba,

Since 2006, the Chinese government started to privatized their State-owned-banks, and the U.S. government is doing the opposite.

9/28/2008 6:10:43 PM Should tax payers be held accoutable for the debt of the Gov.?  

bubba19682007
Indianapolis, IN
age: 40


I know china is slowl realizing communisim doesnt work, but here theyare determined to put us into the thick of it. and all anone here does is throw blame and no solutions, meantime its falling apart at the seams. everyone is sooo apathetic they are afraid to TRY to do something. When di this country become a bunch of WIMPS.


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