On Paying as you go

[Steve Plonk]

Kind folks & gentle people, our country got into this "debt problem" by not
doing what common sense tells us to do: "Pay as you go". This means that one makes sure, that when one "lives on float", that a country, etc. has enough capital to pay the increments when the checks come due.

The republican party did not do that for eight years under Bush. They spent
and reduced revenue coming in. We went from having a surplus for one of the
few times in history to being in possible default. The federal government tried
to bail us out and raised the debt ceiling, which is an automatic given if you
are "living on float". (See "George Bush adds $4 Trillion to National Debt" by
Mark Knoller, Sept. 29, 2008, White House correspondent for CBS news.)
The above realization is one reason that the republicans were voted out of office to begin with. We need revenue coming in: Mayor Bloomberg of New York has said the same thing in a recent TV interview on PBS.

So, who is most able to pay additional revenue? The multi-national corporations and the rich... So let's not fool ourselves again and let's vote for
good old "tax and spend". Logically, in order to spend, we must tax.
So there you have it in a nutshell. Whose economic policy fits the
above "tax and spend" motif the best? The Democratic Party, who,
incidentally, got us out of the last "Great Depression". Yes, the "Great
Recession" is not over yet. All the tea party republican "smoke and mirrors"
does not change the fact that the Democrats have, basically, more sound
fiscal policy. Now, if we could just get the Federal Reserve to see it that
way and the fools which continue to snafu fiscal policy by not voting for
a tax increase. Thank you, and good luck.

[mtmynd]

I believe that would require we (the collective 'we') would first have to pay off our debt load (to pay as we go). With our collective debt (household, business, state and local, financial institutions and Federal Government**) is 54.5 TRILLION DOLLARS! This breaks down to each and every citizen would have to cough up $165,762.00 per citizen to pay off the entire debt load which is on our backs. Once we do that, it would be reasonable to 'pay as you go', but as long as we are that much in debt as a Nation, the prospects of paying as we go would at best completely and totally freeze our economy, as I see it.

[** http://www.usdebtclock.org/2008.html]

[Steve Plonk]

Mtmynd, all the more reason to vote for the party that taxes: the Democratic Party. Thanks for the hook! Yes, the national debt is huge, but if we don't get started, it'll continue to grow. So , we collectively must get real and vote for Democratic Party, the party who taxes. We must round up the tax crooks and
make sure everyone pays their fair share. The whole world is in a "great recession" right now, as I'm sure you know, not just us.

The international banking system must cooperate with all countries with
financial problems and the trade wars must cease. Without that being done,
we're all in for a rude awakening...

[Steve Plonk]

Time for America to freaking wake up! The woefully ignorant & the pridefully ignorant who keep this "supply side economics" birdmess going are sending the
country into the crapper on a slippery slope. Tax us, Congress... Tax us Obama!
Get moving and do it quickly...We don't have time for your freaking committees.
Get moving on job creation and pass the President's job bill. (That includes the
local yokels who need to get wise to graduated income taxation on the state and local levels.)

Listen to folks like Lamar Alexander, US senator from Tennessee, and stop stalling & yawning & get moving on fixing the environment & creating jobs. Start compromising--and TAX US! NOW!

Please continue this thread in my Column, "Life in the Horse Lane". See link:
http://studioeight.tv/phpbb/viewtopic.p ... 66#p167466