Election Aftermath

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dwight92070
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Re: Election Aftermath

Post by dwight92070 » Fri Dec 09, 2016 3:31 pm

Did you hear about the truck that had this sign on the side?:

Two Republicans and a Truck,
Will Help You Move to Canada,
Because You Can't Find Two
Democrats Who Will Work.

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Paidion
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Location: Back Woods of North-Western Ontario

Re: Election Aftermath

Post by Paidion » Fri Dec 09, 2016 4:29 pm

I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them. ~ Adlai E. Stevenson

I have finally figured out what the Republican orators mean by what they call 'moderate progessivism.' All they mean is: "Don't just do something. Stand there." ~ Adlai E. Stevenson

I like Republicans, have grown up with them, worked with them, and would trust them with anything in the world - except public office. ~ Adlai E. Stevenson

I like that about the Republicans; the evidence does not faze them, they are not bothered at all by the facts. ~ Bill Clinton

I am not part of the problem. I am a Republican. ~ Dan Quayle

John Connally's conversion to the GOP raised the intellectual level of both parties. ~ Frank Mankiewicz

A bureaucrat is a Democrat who holds some office that a Republican wants. ~ Harry S Truman

You have to have been a Republican to know how good it is to be a Democrat. ~ Jacqueline Kennedy Onassis
Paidion

Man judges a person by his past deeds, and administers penalties for his wrongdoing. God judges a person by his present character, and disciplines him that he may become righteous.

Avatar shows me at 75 years old. I am now 83.

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dwight92070
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Re: Election Aftermath

Post by dwight92070 » Sat Dec 10, 2016 8:25 am

We were 10 trillion in debt when Obama came into office. Now he has doubled that to almost 20 trillion, more debt added than all the other presidents combined. That's about a $3085 debt for every man, woman and child in America. My question is what do we have to show for it? Where did it all go? What did he spend our money for?

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Paidion
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Re: Election Aftermath

Post by Paidion » Sat Dec 10, 2016 10:24 am

Dwight, the national debt of both Canada and United States has skyrocketed with every prime minister and president who ever took office. The leaders cannot be blamed for this. The problem is the money system. It is based on debt instead of credit. If every cent of money in the country were applied to the national debt, there would be no money to spend for needed goods and services and the country would still be deeply in debt.

By the way, I posted those quotes only because of the one you posted. I am neither a Republican nor Democrat. I am a Canadian. Canada has three major political parties: Conservative, Liberal, and New Democratic Party. The NDP is a socialist party. I have never voted for it except once when I was 19—just to support the underdog at the time. The Liberals tend to be socialistic as well, but not as far left as the NDP. Otherwise, I have always voted Conservative, except once when I ran for the Social Credit Party (more right wing than the Conservatives).
Paidion

Man judges a person by his past deeds, and administers penalties for his wrongdoing. God judges a person by his present character, and disciplines him that he may become righteous.

Avatar shows me at 75 years old. I am now 83.

steve7150
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Re: Election Aftermath

Post by steve7150 » Sat Dec 10, 2016 12:50 pm

The problem is the money system. It is based on debt instead of credit. If every cent of money in the country were applied to the national debt, there would be no money to spend for needed goods and services and the country would still be deeply in debt.








The US now has 20 trillion of debt and this year the revenues the government will collect will be about 3 trillion. If interest rates go back to 5% the US would be paying 1 1/2 trillion per year in interest which is 50% of the annual budget. This is mostly caused by entitlement expenditures since military spending has been reduced due to a sequester.
These entitlement expenditures are the platform the centerpiece of the Democratic party position. They refuse to cut anything because it is the heart of their political power base.
Additionally IMHO the Dems have radically changed over the years from the time of John Kennedy who cut taxes to Bill Clinton who said "It's the economy stupid" to now a party that to me at least seems to want people to be on welfare and stay on, so they (Dems) lock in these votes.

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Paidion
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Re: Election Aftermath

Post by Paidion » Sat Dec 10, 2016 6:00 pm

Bill Clinton was getting close when he said, "It's the economy." But actually, it's the money system. When you go to a chartered bank and borrow $20,000, the bank doesn't have $20,000 to loan you. The bank cannot use the depositors' money to lend you. What they do is create the money on the spot. They simply put the number $20,000 into your account, and the money comes into existence. When you repay the loan, the money goes out of existence again. However there is a limit to the money that chartered banks are permitted to create. This limit is related to the deposits.

So all new money comes into existence as a debt. If there were no borrowing, not enough money would exist to buy needed goods and services. People are under the illusion that the existence of money is stable, and that it balances the goods and services available. This is indeed an illusion and a delusion! That state of affairs could come to be, if money came into existence as a credit rather than a debt.

Social credit is one of the economic theories that is taught in the field of economics at universities.

If the leader of The Social Credit Party of Canada, had ever formed the government, the main change would have been a revision of the money system from one of social debt to one of social credit. When the system was applied to the island of Guernsey many years ago, it was brought out of poverty, and its residents became well-to-do. Income taxes were entirely eliminated.

Few people understand social credit theory; I, myself, who once ran as a candidate for the party, do not fully understand it. If you are interested in this alternate monetary system, I invite you to check out these sites:

http://www.socred.org/

http://www.socred.org/index.php/blogs/v ... xplanation
Paidion

Man judges a person by his past deeds, and administers penalties for his wrongdoing. God judges a person by his present character, and disciplines him that he may become righteous.

Avatar shows me at 75 years old. I am now 83.

steve7150
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Joined: Mon Aug 25, 2008 7:44 am

Re: Election Aftermath

Post by steve7150 » Sun Dec 11, 2016 12:37 pm

So all new money comes into existence as a debt. If there were no borrowing, not enough money would exist to buy needed goods and services. People are under the illusion that the existence of money is stable, and that it balances the goods and services available. This is indeed an illusion and a delusion! That state of affairs could come to be, if money came into existence as a credit rather than a debt.







In the US , the Federal Reserve creates money and they have done this regularly as the "money supply" grows all the time. If it grows to fast it creates inflation. Additionally the Federal Reserve (The Fed) has purchased 2.2 Trillion of our National Debt with money it created, not taxpayer money. So far this has not hurt the US currency but it is unchartered territory.

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