** Senator Rand Paul's Balanced Budget Plan - 5 year plan

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Protean

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #40 on: March 27, 2011, 10:57:08 AM »
Protean,

How do you propose we get the Bankers & Wall street out of government? Our DOJ won't even prosecute any of the looters involved in the 2008 collapse or the mortgage scam.

I have listened to the Guns and Butter mp3 above, have you read Paul's Budget. Would like your feedback after you have read it.


jofortruth,

Thanks for listening to the interview with Michael Hudson. Paul's Budget is a comprehensive plan to trim government spending, as though this current government system can solve the financial crisis.  Without the Glass-Steagall Act, and the separation of banks, brokerages, and insurance companies, the current crisis will continue even after a budget like Paul's was put into place. Then would come the call again to trim government wasteful spending again, the last trim wasn't good enough, we must be more severe--the end result will be the public sector ultimately suffering while the banks continuing profiting. What Paul's budget does not address is Wall Street speculation.

One way out of this is to tax the bankers speculation, a Tobin Tax. They are starting to do this in Germany and other countries are considering it.  Making you speculate only with money you physically have in your own account, not using money that is not yours.

Webster Tarpley has a plan as well to help find a way out of the financial crisis--
http://tarpley.net/five-point-program.pdf

1. Measures to reduce speculation and minimize the burden of fictitious capital: End all bailouts of banks and financial institutions. Claw back the TARP and other public money given or lent to financiers. Abolish the notion of too big to fail; JP Morgan, Goldman Sachs, Citibank, Wells Fargo and other Wall Street zombie banks are insolvent and must be seized by the FDIC for chapter 7 liquidation, with derivatives eliminated by triage. Re-institute the Glass-Steagall firewall to separate banks, brokerages, and insurance. Ban credit default swaps and adjustable rate mortgages. To generate revenue and discourage speculation, levy a 1% Tobin tax (securities transfer tax or trading tax) on all financial transactions including derivatives (futures, options, indices, and over the counter derivatives), stocks, bonds, foreign exchange, and commodities, especially program trading, high-frequency trading, and flash trading. Set up a 15% reserve requirement for all OTC derivatives. Use Tobin tax revenue and a revived corporate income tax to provide immediate tax relief to individuals, families, the self-employed, and small business by increasing personal exemptions and standard deductions. Stop all foreclosures on primary residences, businesses, and farms for five years or the duration of the depression, whichever lasts longer. Set a 10% maximum rate of interest on credit cards and payday loans. Re-regulate commodities markets with 100% margin requirements, position limits, and anti-speculation protections for hedgers and end users to prevent oil and gasoline price spikes. Enforce labor laws and anti-trust laws against monopolies and cartels. Restore individual chapter 11.
************

As Michael Hudson pointed out in the interview, there is a plan afoot to convince people the answer is austerity for the people, it is to be expected, it is the responsible thing to do and this austerity plan comes in many forms from reasonable sounding people to convince us of its logic.

Offline chris jones

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #41 on: March 27, 2011, 10:59:58 AM »

A Modest Proposal ... EAT THE RICH!

It is NOT the scraps falling off the table
that should concern us ... not the crumbs
and hulls and morsels and slop that we
should worry about. It's not the Social
Security checks to old-timers (did you
know they TAX SS checks?) ... not a few
bucks for "free" school lunches or food
"stamps" to put food on the table of the
down & out that we should consider.
NO ... it's the magnificent, the splendid,
opulent, lavish, awesome wealth ... the
incalculable abundant fortunes ... it is the
lavish, decadent, wicked, despicable rich
that we should scorn. TAX THEM?
What another 3%? NO!
Confiscate the massive wealth that they
have stolen from the people ... turn "their"
properties into museums and schools and
housing and government buildings. Seriously,
these blueblood families and their lapdog
minions have lorded it over us LONG ENOUGH,
by God. Eat the rich!
Hopper explains the world:
http://www.youtube.com/watch?v=tlWZZSD4irM[/url
That was excellant.........

Protean

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #42 on: March 27, 2011, 11:05:11 AM »
Protein.. I agree with you,. the point I have to make is this is not a avaialble, if you beleive it is pleae let me know he realistic steps to be taken.. The elites have been arrainging this seanrio fo many decades, to sssume we can depend on our reps is out of the question, a few of them are with us, but too few. The voice of the poeple, well facing the truth does it exist, realy , do we have a voice.
  I would be delighted to have a method revealed that would inforce our contsitutution, the elites have covered every anlge  overide nand ingore it. The UN madates becoming the written word.
  A rebelion, riots, countelss demos, weve been there , done that, they are prepared for it. Some assume am out of bound saying that WW 3 is in its beggining, the  the takedow of the USA HAS BEEN IN EFFECT FOR DECADES. Wiht all due respect, how does a warold conflict begin, if it hasn't i would apprecaite a response as to why it not. My take, insiduiously were are definetly  in ww3, it has not begun.

chris jones,

Whether it is available or not, we should try to get the word out and get more people to see that the current austerity plan (in many forms by well meaning people).  Yes, the banks have insulated themselves from prosecution. They toss a small fish out in the arena every once and awhile to give the people the illusion of law exists, but the big ones get away.  As Tarpley says, a class struggle is beginning to take shape in this country, we see it in Wisconsin, and the demonstrations around the world. People are realizing their governments are not working for them, but for the banks.

Again I refer to Webster's 5 point plan, it is a proactive way of combating the bankers and reviving our economy in a real way that is productive and lasting.
http://tarpley.net/five-point-program.pdf

Offline Jackson Holly

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #43 on: March 27, 2011, 11:20:28 AM »
Jackson Holly,

Do you believe in Wealth Redistribution? That's what those evil Banker boyz are accomplishing, with no oversight whatsoever.

I agree, the real troublemakers are the BIG BANKS and WALL STREET. The way they're acting and being allowed to act, it's as if they are a government unto themselves. They have no oversight, they do as they please, and we sit here and watch as they loot us. Who is doing something to stop them?

We know what the problem is. What is the solution, in your opinion?

IMO, what Rand Paul is proposing is getting the FEDERAL GOVERNMENT out of control, and the States back in more control. We need to get rid of the MANDATES sent down from the Federal Government. Getting rid of the useless and taxpayer funded agencies would be a step in the right direction. Like I said, Rands budget is practical and a way to get rid of wasteful spending. He is not attacking Social Security, but wanting to strengthen it for future generations.

Well, I applaud Rand Paul for attempting to put on the breaks and shift at least some power back to the States ... but ... many of the STATE POLITICIANS/machines are a big part of the problem ... they are just MORE Feds waiting in the wings doing the bidding of the same blueblood elite.

 ... and, jofortruth, we are not far apart on this ... I just insist that we go where the money is to fix the problem:

"The top 1% also own 50.9% of all stocks, bonds, and mutual fund assets. The top 10% own 90.3%."


We must ... figuratively ... storm the Bastille.

Wealth Re-distribution? I prefer to call it dismantling the worldwide, old money oligarchy/aristocracy ...  they have played out their 'manifest destiny' hand, over many centuries, to its pitiful conclusion ... they must go.

There is NO DIVINE RIGHT to rule ... no God-given power to enslave the people of the world.
These CEOs, mega-corp stooges, politicians, tin-horn dictators are the ARISTOCRACY of our
times ... they ARE the KINGS AND QUEENS ... many are actual sons and daughters of old blueblood
lines, or hand-picked and groomed by them ... we just have given them new labels.

We will make no progress in creating a better world until we remove these blood-sucking
ticks from our hides and stomp them.

St. Augustine: “The truth is like a lion; you don't have to defend it.
Let it loose; it will defend itself."

Offline chris jones

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #44 on: March 27, 2011, 02:55:44 PM »
chris jones,

Whether it is available or not, we should try to get the word out and get more people to see that the current austerity plan (in many forms by well meaning people).  Yes, the banks have insulated themselves from prosecution.
Again I refer to Webster's 5 point plan, it is a proactive way of combating the bankers and reviving our economy in a real way that is productive and lasting.
http://tarpley.net/five-point-program.pdf
Protean, Yes! I agree with you, getting the word out is is in effect the the most valauble of tools and due to dedicated Americans the movement has grown by the 1000's.
  To repeat, how many of our elected officals harken to the call of the people, afterall its necessary to get their attention and to insure the will of the people is adhere to, in effect  a return to a rep. democracy. 

Protean

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #45 on: March 27, 2011, 03:46:34 PM »
Chris Jones and JoInfoForTruth, there is hope.

Download this file and cue to 48 mins. into the program, a young labor lawyer comes on and gives info on the Tobin Tax and Wall Street sales tax for speculation. He's only on for 7 mins. , but Webster said he will have him back next week.

There are young professionals coming onboard with energy and ideas.

Right click--
http://tarpley.net/audio/getfile.php?f=WCR-20110326.mp3




Offline freedom_commonsense

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #46 on: March 27, 2011, 07:20:59 PM »
Sadly there's been precious little opposition outside the left-right paradigm to the UK's government austerity budget...

Offline Geolibertarian

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #47 on: March 28, 2011, 10:49:34 AM »
I don't see this plan as AUSTERITY

Does he propose ending the wars? Quite the contrary:

    "The budget provides two years of war funding, at the President’s requested levels."

How does he propose to reduce deficit spending instead? Among other things he proposes to either cut (to 2008 levels) or outright eliminate the following:

-- "The food stamp program and the child nutrition program" (cut)

-- "Unemployment Compensation" (cut)

-- "The Low-Income Home Energy Assistance Program" (eliminate)

-- "Affordable Housing Program" (eliminate)


Nope, nothing at all austerity-like about that!  ::)
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://schalkenbach.org
http://www.monetary.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline chris jones

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #48 on: March 28, 2011, 05:37:15 PM »
 There was a strong wind blowing when the apple fell from the tree......
Sure I like some of Rands philosphy, but I beleive his dad has a better grasp of the situation..

Whats missing here. WARS for one example, a billion a day for ten years or so..Wars cost money!
  You all know Our Pentagon lost 2.3 trillion dollars, yup lost it, can't find it, can't account for it.
Beleive it or not Rumsfled brought this to the attention of CBS, the day before 911, any investigation you wonder, NOPE..ZERO.
  Wars have allways depleted the nations fiscally, and have demanded domestic domination under the guize of insuring national security.
 Point being, as long as the wars continue, we are up the perverbial creek in more ways than one.
  Ive gone off the map again, or have I? No big deal, but  one parting P.S.
  I'll never forget Obama's statement during the primarys." I promise I will end the war and bring the troops home and you can take that to the bank"
 

Offline Geolibertarian

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #49 on: March 28, 2011, 07:31:31 PM »
Whats missing here. WARS for one example, a billion a day for ten years or so..Wars cost money!....

Wars have allways depleted the nations fiscally, and have demanded domestic domination under the guize of insuring national security. Point being, as long as the wars continue, we are up the perverbial creek in more ways than one.

Yet because so-called "conservatives" (with the sole exception of Ron Paul) refuse to call for simply ending these criminal wars of aggression, they call instead for cutting the social safety net at the very time it's needed most.

If certain people wish to cheerlead that, they are of course free to do so, but I would ask that they please not insult everyone else's intelligence in the process by claiming it's not austerity.
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://schalkenbach.org
http://www.monetary.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Jackson Holly

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #50 on: March 28, 2011, 10:40:08 PM »
Yet because so-called "conservatives" (with the sole exception of Ron Paul) refuse to call for simply ending these criminal wars of aggression, they call instead for cutting the social safety net at the very time it's needed most.

If certain people wish to cheerlead that, they are of course free to do so, but I would ask that they please not insult everyone else's intelligence in the process by claiming it's not austerity.

+1 Geo ... you gotta believe that pushing this so-called "austerity" BS
is their best tool to push REVOLUTION in our country. They want a destitute
population, living on the edge, who turn to 'smash and grab' to feed their families
... turning eventually to serious violence ... Egypt on a larger scale.

AUSTERITY?  ??? Our overlords are raking it in like NEVER BEFORE!
St. Augustine: “The truth is like a lion; you don't have to defend it.
Let it loose; it will defend itself."

Offline larsonstdoc

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #51 on: March 28, 2011, 10:54:25 PM »


  You guys are absolutely right---little for the people, most of the money for the bankers and the military industrial complex.  They are getting ready to cull the herds of sheep.
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

worcesteradam

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #52 on: March 28, 2011, 10:58:59 PM »
The combined net worth of the poorest 50% of American households: $1.6 trillion.

150 million is 50% of americans

If their net worth is 1.5 trillion that means the average person only has a net worth of 10,000 dollars.
If thats true it cant be the rich that are to blame for that in any sense. More the debt and the consumer culture.

Offline chris jones

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #53 on: March 29, 2011, 03:21:53 AM »
+1 Geo ... you gotta believe that pushing this so-called "austerity" BS
is their best tool to push REVOLUTION in our country. They want a destitute
population, living on the edge, who turn to 'smash and grab' to feed their families
... turning eventually to serious violence ... Egypt on a larger scale.
AUSTERITY?  ??? Our overlords are raking it in like NEVER BEFORE!
JacksonHolly,  well said.........++

Offline freedom_commonsense

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Re: ** Senator Rand Paul's Balanced Budget Plan - 5 year plan
« Reply #54 on: March 29, 2011, 11:18:36 PM »
More the debt and the consumer culture.

Ever heard of demand destruction and what it does to production as a whole?

Also, no money is issued without being loaned first, which Geolibertarian has explained previously.