How the government can be debt free in 6 months

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Profile Bob DeWoody
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Message 1135105 - Posted: 2 Aug 2011, 6:54:11 UTC

Legalize recreational drugs and sell the stash they have confiscated. Then tax mary jane like they do cigarettes. And oh yes legalize consentual sex for money and tax it.
Bob DeWoody

My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events.
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Profile GalaxyIce
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Message 1135219 - Posted: 2 Aug 2011, 14:47:39 UTC - in response to Message 1135105.  

Legalize recreational drugs and sell the stash they have confiscated. Then tax mary jane like they do cigarettes. And oh yes legalize consentual sex for money and tax it.

You don't need to do any of that. Just tax your petrol (gas) at the rates here in the UK.


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Profile William Rothamel
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Message 1135346 - Posted: 3 Aug 2011, 2:33:30 UTC - in response to Message 1135219.  

Tax organized religion and organized crime. Close 70% of overseas bases, fire 50% of federal, state, local, gov't workers. Place a 25% tax on all goods from China.
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Message 1135357 - Posted: 3 Aug 2011, 3:04:24 UTC - in response to Message 1135346.  
Last modified: 3 Aug 2011, 3:04:35 UTC

I will again point you to Neil Stephensons Snow Crash for the dystopian future that awaits us if you had your way
In a rich man's house there is no place to spit but his face.
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Profile William Rothamel
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Message 1135442 - Posted: 3 Aug 2011, 10:53:16 UTC - in response to Message 1135357.  

Thank you Skil. Like so many honors i am afraid that it might be suffocating.

Actually, I think it would be better to take in each other's washing to help pay for the current debt problem and the bankruptcy which is coming.
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Message 1136464 - Posted: 5 Aug 2011, 21:53:00 UTC - in response to Message 1136317.  

amen brother
In a rich man's house there is no place to spit but his face.
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Profile Darrell Benvenuto
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Message 1136494 - Posted: 5 Aug 2011, 23:35:42 UTC
Last modified: 5 Aug 2011, 23:38:50 UTC

Another scenario, which actually seems more likely to be materializing, is the eventual bankruptcy of nations (US, Greece, etc) and national unions (EU, etc), leading to the privitization of national services (police, military, schools, etc) through various mega-corporations, eventually leading to those corporations becoming the de facto governments and powers-that-be of the world. This has been a common theme in most Cyberpunk-style Science Fiction of past years, but aside from all the news articles we've all seen about the financial woes, bailouts and national economies being stressed to the breaking point lately, some recent news pieces that show things are moving in this direction include the fact that Apple now has more available cash on hand than the US Treasury ($76 Billion vs $74 Billion).

http://www.dailymail.co.uk/news/article-2020490/Apple-cash-USA-Treasury-debt-crisis-continues.html?ito=feeds-newsxml

Regardless of the actual outcome, it is becoming increasingly obvious that, to quote the ancient Chinese proverb/curse, we live in "interesting times".
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Message 1136500 - Posted: 6 Aug 2011, 0:14:33 UTC

Of course the government could sell Congress, oh wait, that has already been done.
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Message 1136506 - Posted: 6 Aug 2011, 0:24:03 UTC

How about every nation declare bankruptcy at once and everybody starts over.....
Like a new game of Monopoly.
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Message 1136559 - Posted: 6 Aug 2011, 2:55:40 UTC

I like that idea Mark. Yet the Nations with good Stewardship, would cry foul and rightly so.
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Message 1136561 - Posted: 6 Aug 2011, 2:59:42 UTC - in response to Message 1136559.  

I like that idea Mark. Yet the Nations with good Stewardship, would cry foul and rightly so.

Awww........
Like we as a nation have not been supporting them for decades......
It's all a paper game, after all.
Sure, nobody likes the poker player that walks out on the game without paying his debt. But they all sure had fun hootin' and hollerin' while they wuz playin'.

And after all, who's gonna make us pay?
China? Don't think so.

Les jus' deal 'nuther round boyz......shall we?
Always remember.....kitties are all Angels with fur.

Have made friends in this life.
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Message 1136574 - Posted: 6 Aug 2011, 3:15:13 UTC

I believe Germany paid that back. Berlin could not have survived without the help.
Not living in Germany right now, can't comment on Ms Merkel. Her Goverment must be doing something right tho, the economy seems to be improving at a good clip.
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Profile Bob DeWoody
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Message 1137103 - Posted: 7 Aug 2011, 5:46:49 UTC - in response to Message 1136574.  

I believe Germany paid that back. Berlin could not have survived without the help.
Not living in Germany right now, can't comment on Ms Merkel. Her Goverment must be doing something right tho, the economy seems to be improving at a good clip.

If you are referring to war debts by countries that the USA helped out during and after WW II I read a long time ago that France was the only country that never paid off it's war debt.

Maybe we could sell off half our carrier fleet, three to Russia and three to China and wait for them to duke it out and offer our services to whichever side offers the most money.
Bob DeWoody

My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events.
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Message 1143309 - Posted: 21 Aug 2011, 3:52:39 UTC - in response to Message 1137103.  

I believe Germany paid that back. Berlin could not have survived without the help.
Not living in Germany right now, can't comment on Ms Merkel. Her Goverment must be doing something right tho, the economy seems to be improving at a good clip.

If you are referring to war debts by countries that the USA helped out during and after WW II I read a long time ago that France was the only country that never paid off it's war debt.

Maybe we could sell off half our carrier fleet, three to Russia and three to China and wait for them to duke it out and offer our services to whichever side offers the most money.


France is not the only one
I think you'll find it's a bit more complicated than that ...

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Profile Bob DeWoody
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Message 1143324 - Posted: 21 Aug 2011, 5:38:39 UTC

The article you linked to only mentioned that GB just recently paid off it's war debt. I didn't find any reference to other countries that didn't pay.
Bob DeWoody

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Message 1143411 - Posted: 21 Aug 2011, 9:14:57 UTC

There are still World War I debts owed to and by Britain. Since a moratorium on all debts from that conflict was agreed at the height of the Great Depression, no repayments have been made to or received from other nations since 1934.


But that is small fry compared to this debt .....

UK National Debt
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Message 1143454 - Posted: 21 Aug 2011, 13:44:39 UTC - in response to Message 1143411.  

heh small timers. thats not even a trillion yet
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Message 1143479 - Posted: 21 Aug 2011, 15:49:09 UTC - in response to Message 1143411.  
Last modified: 21 Aug 2011, 15:49:44 UTC

[But that is small fry compared to this debt .....

UK National Debt



If the link is followed and the dates of the times the UK went semi-bankrupt (1976 and 2009/2010) it was a Labour Government at the helm.

Labour are arguing they are competent to run the UK economy and the only peace time near misses have happened on their watch.

Gordon Brown, as Chancellor and later Prime Minister, has much to answer for, and should be classified as one of the UK's top three most INCOMPETENT and WASTEFUL Chancellors.
It's good to be back amongst friends and colleagues



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Message 1143521 - Posted: 21 Aug 2011, 17:20:05 UTC - in response to Message 1137103.  

I believe Germany paid that back. Berlin could not have survived without the help.
Not living in Germany right now, can't comment on Ms Merkel. Her Goverment must be doing something right tho, the economy seems to be improving at a good clip.

If you are referring to war debts by countries that the USA helped out during and after WW II I read a long time ago that France was the only country that never paid off it's war debt.


I did a quick calculation here Bob......

Debt + interest due (compounded) + late payment fees + accountancy fees =....
.....(unless debt settled by 31st December 2015) ...France automatically becomes the 51 State of the USA....How do you like that!
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Message 1143541 - Posted: 21 Aug 2011, 18:15:45 UTC - in response to Message 1135346.  

Tax organized religion and organized crime. Close 70% of overseas bases, fire 50% of federal, state, local, gov't workers. Place a 25% tax on all goods from China.


From your own profile:
ABD in Operations Research from University of Illinois.
From WIkipedia about the University of Illinois:
The University of Illinois is a system of public universities in Illinois ...
(Emphasis added.)
Your professors were state employees. Were you a graduate teaching assistant during that time? Most likely, you were a state employee, as well.
I believe you've indicated several times that you have taught, including statistics courses Did any of these occur at a public institution?
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Message boards : Politics : How the government can be debt free in 6 months


 
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