WE THE PEOPLE

Excellent analysis DK.

Recently, the State of Saarbrucken, a nearby State from where I live, held an blebiscite to determine whether to reduce taxes. The people voted no. These citizens are exceptional in that they did what was best for everyone. Too often we see politicians promise tax breaks or tax reductions when the country can't afford it. Getting out of debt requires income. Of course how we get into debt is another subject. A Candidate for Government office promising a tax reduction when we are in debt is a good signal that the person is not a responsible candidate.

Abe F. March wrote:

Excellent analysis DK.

Recently, the State of Saarbrucken, a nearby State from where I live, held an blebiscite to determine whether to reduce taxes. The people voted no. These citizens are exceptional in that they did what was best for everyone. Too often we see politicians promise tax breaks or tax reductions when the country can't afford it. Getting out of debt requires income. Of course how we get into debt is another subject. A Candidate for Government office promising a tax reduction when we are in debt is a good signal that the person is not a responsible candidate.

Why we have debt.
Debtors are slaves to their creditors.
The creditors are not interested in having debts paid off because it means they loose their slaves and the income slaves generate.
Money loaned = interest gained
Interest gained = profit made
Thus a Nation in debt = enormous profit and political influence for the creditor.
The creditor therefore rules that Nation.

The only answer is a one or two finger gesture at the creditor (stick it to the man).

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/11/EDG91NILV9.DTL

3/31/2012



David.



Cheers..Joe..

Good post, David. Credit makes our economy function. Although there is a positive side, there is also a downside. Easy credit has enslaved many and ruined lives. I remember the days of pay as you go or buy when you have the money. In general, it appeared that people were more frugal and responsible. That is not to say that many were responsible, used credit wisely, and still do. Times were tough. A steady job was tough to find. Those with steady employment enjoyed the benefits of credit. Not much has changed since those days. The mistake by the financial institutions in giving credit to people who are not credit-worthy is a major cause of our financial collapse. Credit cards can be a blessing and a curse.

We need to return to the basics with responsibility being taught in the home and in schools. Verbal contracts were once the norm because people were expected to honor their word - their commitment. When did that change? Wish I knew. In some parts of the world that principle still exists.