The debt is huge, yes. But a country's debt is very different than a person or company's debt. Of the $19.5 trillion the U.S. owes, $14.1 trillion of it is to... itself. The American people and government. Essentially, the large majority of American debt is owned by America. The remaining $5.3 trillion is owned by other countries (intragovernmental holdings). What's the threat at $30-40 trillion?
According to USAID, it was $95 million in 2015. The final tally for this year isn't in, but they have recorded $17.5 million.
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
The debt is actually held by the federal reserve, a private enterprise, they loan us the money at interest. Literally as soon as a dollar is printed, we owe them that dollar plus interest.
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In order for any life to matter, we all have to matter
The Fed isn't the same type of private company as other banks or corporations. Most of the Fed's profits go back to the U.S. Treasury. It's a murky enterprise. But it doesn't change the fact that American debt is mostly owned by Americans.
The debt notwithstanding, there's no reason to slash the meagre funding that USAID gets. $43 billion dollars is nothing. Completely eliminating Foreign Aid will do jack shit to the debt.
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
I'm not pleased with the fed when the constitution gives congress the power to coin and print money. The federal reserve act and fractional reserve banking in my opinion is the biggest fraud pulled on the American people.
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In order for any life to matter, we all have to matter
Not that it's going to change any time soon. Or ever. But it's a cassus belli I can at least respect. It's not about taking away money from Aid foundations, or slashing NASA's budget, or condemning immigrants, or waging trillion dollar wars in the Middle East. Fiscal reform is an underrated form of activism.
Though as a Canadian, I am absolutely in favour of the federal government controlling the currency.
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
An inherent distrust of private business owners' intentions and desires as they encounter the well being of the economy and the people.
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
Specifically at 1:42 where she says "We stop borrowing from private banks and start borrowing from the Bank of Canada with little to no interest."
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
No I do agree with her. Or whatever documentary she's paraphrasing.
Do you think that American companies should be legally forced to keep manufacturing, service, and tech jobs inside the States?
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
No but if they want to leave, don't expect to bring it back tax free with trump.
Why should companies leave, to avoid taxes and fire American workers and make their product for cheaper then be able bring it back tax feee while they have their corporate office in Ireland.
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In order for any life to matter, we all have to matter
In a nutshell. What piece of that current dynamic would you want the government to change?
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
All good. As long as you don't start throwing the term "deregulate" around.
EDIT: Mild probing has revealed to me that American corporate tax rates are marginal. The Tax Rate Schedule has an ascending scale starting at 15% going steadily up to a maximum of 35%. Do you want all corporate tax rates to be set to a flat rate?
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
Last edited by Lord Lucien on Sep 30th, 2016 at 04:34 AM
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
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Sep 30th, 2016 02:40 AM
