The national debt is 19.3 trillion dollars. How do we fix it?

[sealybobo]

Banks that have lost money over the last year, however, must pass additional tests. [...] They are also asking if a bank has enough capital and reserves to withstand severe losses to its construction loan portfolio

And funny because it is hard to find a lot of information on how bad the bankers fucked up. That's how powerful they are and how important it is we don't discover the scam.

 

[sealybobo]

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

And also YES, we should tax the top 1% by closing the cheating loop holes.

And also YES, we should tax the top 1% by closing the cheating loop holes.

You have a list of those?

You are who Henry Ford was talking about

“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford, founder of the Ford Motor Company.

 

[amrchaos]

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

deregulate the banks again

Again? When was the last time?

Actually, we do both all the time.

A long time ago, you could get a savings account an collect 4 to 5 %interest--never ever having to look at your acct.

Now, in this new era of banking, the banks gives less than 1% interests and charge fees on your acct. for inactivity, not meeting a certain limit, r any other hosts f reasons. Some of these reasons which did not exist say 20 to 30 years ago like electronic transfer payments.

The above is the results of deregulation. The Banks are robing their customers an the Government says it is ok!


Note:One would expect a right winger would be up in arms over these change, however, they have been unusually quiet--with some even defending the banks over these new policies.

Tell us again how the free market led to banks charging its account holders for having an account?

Stop--that is not the free market at work.

 

[sealybobo]

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

deregulate the banks again

Again? When was the last time?

Actually, we do both all the time.

A long time ago, you could get a savings account an collect 4 to 5 %interest--never ever having to look at your acct.

Now, in this new era of banking, the banks gives less than 1% interests and charge fees on your acct. for inactivity, not meeting a certain limit, r any other hosts f reasons. Some of these reasons which did not exist say 20 to 30 years ago like electronic transfer payments.

The above is the results of deregulation. The Banks are robing their customers an the Government says it is ok!


Note:One would expect a right winger would be up in arms over these change, however, they have been unusually quiet--with some even defending the banks over these new policies.

Tell us again how the free market led to banks charging its account holders for having an account?

Stop--that is not the free market at work.

​

 

[sealybobo]

​

 

[Toddsterpatriot]

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Why don't you post another fake quote to back up your position? Durr.

All real quotes dumbo. You guys love to quote the founders when their quotes back your position but want to pretend they are fake quotes whenever they say anything about warning that the rich could get too powerful.

You are sooo brainwashed.

In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..." - See more at: How Rich is Too Rich For Democracy?

You fucking retard.

All real quotes dumbo.

Gee, who should I believe, Monticello.org, or some idiot named sealybobo? LOL!

Do you doubt this?

In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..."

Do you doubt this?

Do you admit your inflation/deflation quote was fake?

 

[Toddsterpatriot]

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

deregulate the banks again

Again? When was the last time?

You don't remember? Then why are we talking to a fucking retard?

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.

If you don't remember that maybe you have selective/revisionist memory. Put the Rush and Fox down stupid!

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.


When did he do it? What was the name of the bill?
You have a link to the vote in Congress?

 

[sealybobo]

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

deregulate the banks again

Again? When was the last time?

You don't remember? Then why are we talking to a fucking retard?

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.

If you don't remember that maybe you have selective/revisionist memory. Put the Rush and Fox down stupid!

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.


When did he do it? What was the name of the bill?
You have a link to the vote in Congress?

Todd you are getting dumber and dumber by the minute. I'm not your research monkey boy.

 

[sealybobo]

Don't expect to ever solve the debt with dummies like you in America. Loser.

Why don't you post another fake quote to back up your position? Durr.

All real quotes dumbo. You guys love to quote the founders when their quotes back your position but want to pretend they are fake quotes whenever they say anything about warning that the rich could get too powerful.

You are sooo brainwashed.

In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..." - See more at: How Rich is Too Rich For Democracy?

You fucking retard.

All real quotes dumbo.

Gee, who should I believe, Monticello.org, or some idiot named sealybobo? LOL!

Do you doubt this?

In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..."

Do you doubt this?

Do you admit your inflation/deflation quote was fake?

No not at all.

Former Federal Reserve chair Ben Bernanke called the bank meltdown of 2008 the worst financial crisis in global history -- even worse than the Great Depression.

They took an important step this week by finalizing a requirement for how much money -- known as highly liquid assets -- banks have to hold.

The big issue in September 2008, when Lehman Brothers went bankrupt and American International Group (AIG) needed a massive government bailout, was basically that banks didn't have enough cash on hand to pay their bills.

The rules the Federal Reserve and Office of the Comptroller of the Currency codified on Wednesday require banks keep enough cash -- or assets that are close to cash -- to cover all the institution's activities for a month.

This is all from 2014

There's been a lot of wrangling over these rules, which is why they are only being finalized six years after that major financial meltdown.
Banks have been concerned the rules could hurt their bottom line by forcing them to essentially park money they could put to more profitable use. So they argued with regulators over what constitutes those "highly liquid" assets. Those details have mostly been teased out now.
Related: 4 years later, Dodd-Frank reform law is only half done
"We estimate either bank would only experience about 1% to 2% annual earnings headwinds in order to be fully compliant by 2017," said a research note from Vining Sparks that called out State Street and Bank of America (BAC) for possible issues meeting the requirements.
The rules begin to phase in January 1, 2015, but banks have until 2017 to be in full compliance. It will apply to all banks with $250 billion or more in assets. A more lenient rule will apply to middle tier banks with $50 billion to $250 billion in assets.
In a statement, Americans for Financial Reform said the rule "falls well short," especially when it comes to the middle tier banks, "which are smaller than the largest 'too big to fail' Wall Street banks but are still major banking entities that hold a substantial amount of banking system assets."
In banking circles, there is grumbling that this is government overkill. It remains to be seen what effects the rule might have on banks' willingness to lend or be involved in certain financial transactions.
At the moment, regulators believe it's better to have a bit extra in the rainy day fund.
And of course bankers think they are being over regulated. Even after the banking collapse where they were "too big to fail".
I don't even want to rehash all this with Todd the Retard. Next he's going to send me to do more homework and research to prove to him....when I couldn't give two shits about Todd the fucking moron.

 

[sealybobo]

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

deregulate the banks again

Again? When was the last time?

You don't remember? Then why are we talking to a fucking retard?

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.

If you don't remember that maybe you have selective/revisionist memory. Put the Rush and Fox down stupid!

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.


When did he do it? What was the name of the bill?
You have a link to the vote in Congress?

How about you go prove to me Thomas Jefferson didn't say what I say he said and you prove Bush didn't do what I say he did?

 

[bripat9643]

Between the Federal Reserve and Pentagon the rich have stole at a minimum $18 trillion dollars from us.

I'm dying to know how the Fed stole any money from us.

If they need money and they don't want the public to know, they just take it and the fed just gives it to them.

There was/is no reason why we gave private bankers the Federal Reserve in 1913. You fucking Americans are the dumbest schmucks on the planet. Really, you fucking are.

Woodrow Wilson is the one who created the Federal Reserve, not Republicans. All the Republicans I know hate the Federal Reserve.

So who is the dumb schmuck?

 

[sealybobo]

Between the Federal Reserve and Pentagon the rich have stole at a minimum $18 trillion dollars from us.

I'm dying to know how the Fed stole any money from us.

If they need money and they don't want the public to know, they just take it and the fed just gives it to them.

There was/is no reason why we gave private bankers the Federal Reserve in 1913. You fucking Americans are the dumbest schmucks on the planet. Really, you fucking are.

Woodrow Wilson is the one who created the Federal Reserve, not Republicans. All the Republicans I know hate the Federal Reserve.

So who is the dumb schmuck?

Just remember Republicans in 1913 aren't the same as Republicans today. Hell, look at how different Republicans are today than when Reagan was president.

And no, most of you don't hate private bankers. You worship them. And when any of us or Ron Paul attack the bankers, you come running to their defense. It is why Ron Paul failed to be POTUS and Rand Paul won't endorse any of the other Republicans.

It's like the illegal employer problem. You don't like illegal immigrants but you can't get yourselves to fault the illegal employers who hire them.

You middle class and poor republicans are what's wrong with America. You think middle class blacks are wrong for voting Democratic but it is you who's voting against your own financial interests. No wonder America is fucked up. It's you bitches

 

[sealybobo]

When was the last time Congress had any impact on their operation?

Fed Gets More Power, Responsibility

They apparently can't even be audited.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

We know you worship all the corporations that sent all the jobs overseas and we know you worship the bankers too bub.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

Status: This quotation is at least partly spurious; see comments below.

Comments: This quotation is often cited as being in an 1802 letter to Secretary of the Treasury Albert Gallatin, and/or "later published in The Debate Over the Recharter of the Bank Bill (1809)."

The first part of the quotation ("If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered") has not been found anywhere in Thomas Jefferson's writings, to Albert Gallatin or otherwise. It is identified in Respectfully Quoted as spurious, and the editor further points out that the words "inflation" and "deflation" are not documented until after Jefferson's lifetime.2

Private Banks (Quotation) | Thomas Jefferson's Monticello

Don't expect to ever solve the debt with dummies like you in America. Loser.

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

And also YES, we should tax the top 1% by closing the cheating loop holes.

And also YES, we should tax the top 1% by closing the cheating loop holes.

You have a list of those?

You need to find the thread

Is It Time To DEFAULT On the DEBT And Start Over?


I say yes

 

[bripat9643]

Between the Federal Reserve and Pentagon the rich have stole at a minimum $18 trillion dollars from us.

I'm dying to know how the Fed stole any money from us.

If they need money and they don't want the public to know, they just take it and the fed just gives it to them.

There was/is no reason why we gave private bankers the Federal Reserve in 1913. You fucking Americans are the dumbest schmucks on the planet. Really, you fucking are.

There was/is no reason why we gave private bankers the Federal Reserve in 1913

The Fed is part of the government.

.

That's scary. Private bankers are part of the Federal Government you say?

And I notice the wiki definition has changed since the banking collapse and bailout. It used to point out that the Fed was partially government and partially private bankers. And they aren't all American private bankers either. Non American JEWS own the Federal Reserve too.

The Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.

That's ok. You keep defending the bankers who fucked us in 2007 and then cry about the debt, dope.

The Federal Reserve is not a private bank, no matter how much the politicians pretend otherwise.

 

[sealybobo]

Between the Federal Reserve and Pentagon the rich have stole at a minimum $18 trillion dollars from us.

I'm dying to know how the Fed stole any money from us.

If they need money and they don't want the public to know, they just take it and the fed just gives it to them.

There was/is no reason why we gave private bankers the Federal Reserve in 1913. You fucking Americans are the dumbest schmucks on the planet. Really, you fucking are.

Woodrow Wilson is the one who created the Federal Reserve, not Republicans. All the Republicans I know hate the Federal Reserve.

So who is the dumb schmuck?

Is It Time To DEFAULT On the DEBT And Start Over?

 

[sealybobo]

Between the Federal Reserve and Pentagon the rich have stole at a minimum $18 trillion dollars from us.

I'm dying to know how the Fed stole any money from us.

If they need money and they don't want the public to know, they just take it and the fed just gives it to them.

There was/is no reason why we gave private bankers the Federal Reserve in 1913. You fucking Americans are the dumbest schmucks on the planet. Really, you fucking are.

There was/is no reason why we gave private bankers the Federal Reserve in 1913

The Fed is part of the government.

.

That's scary. Private bankers are part of the Federal Government you say?

And I notice the wiki definition has changed since the banking collapse and bailout. It used to point out that the Fed was partially government and partially private bankers. And they aren't all American private bankers either. Non American JEWS own the Federal Reserve too.

The Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.

That's ok. You keep defending the bankers who fucked us in 2007 and then cry about the debt, dope.

The Federal Reserve is not a private bank, no matter how much the politicians pretend otherwise.

All I can tell you is that the information I could find on the net in 2006 are no longer easy to find. That's how powerful the Federal Reserve is. You used to be able to find that it is private bankers but that isn't as obvious as it once was. Talk about completely owning our country.

 

[LogikAndReazon]

If only those evil corps paid their "fair share" there wouldnt be a deficit....... Lmfao

 

[Little-Acorn]

The national debt is 19.3 trillion dollars. How do we fix it?


Inflation. Soon $19.3 trillion will be small change.

Worked after WWII.

Ordinary people's savings will become small change too, of course. But that's what they get for trying to save for the future.

 

[Toddsterpatriot]

Exactly,

Cutting infrastructure, science, r&d and education will weaken our economy(make it much smaller). This will of course mean less jobs = less revenue to pay back the debt. The problem with loserterianism is less government enforcing of anti-trust laws, regulations and making it fair for small businesses will mean a much smaller middle class which once again = a much smaller overall economy to pay back the debt. A couple Huge corporations controlling the entire market place will mean less pay and less jobs for Americans.

I certainly agree that we should work to cut the debt but the loserterian, "I hate government and let the private sector control everything" is a sure loser.

We cut the debt by getting out of decadal wars, cutting waste, fixing healthcare, and yes getting the poor back to work so we don't have to dole out as much welfare. Less Investments = a weaker economy.

But these losers will deregulate the banks again and start a new war with Iran. And triple the defense budget.

deregulate the banks again

Again? When was the last time?

You don't remember? Then why are we talking to a fucking retard?

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.

If you don't remember that maybe you have selective/revisionist memory. Put the Rush and Fox down stupid!

Bush loosened the rules on how much money a bank had to keep in reserves in case of an emergency because we were teetering on the brink of recession.


When did he do it? What was the name of the bill?
You have a link to the vote in Congress?

Todd you are getting dumber and dumber by the minute. I'm not your research monkey boy.

I'm not your research monkey boy.

You made a claim and you can't provide backup. Frankly, I'm shocked!

 

[Timmy]

Us has incredible earning ability . We could pay the bills if we put our mind too it. But that's no fun .

Look at the candidates , not one of them wants to address the debt .