Our Future? How the US debt could be paid...

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Our Future

Camillus, NY

#1 Mar 17, 2013
People in Cyprus with less than 100,000 euros in their bank accounts will have to pay a one-time tax of 6.75%, Eurozone officials said. Those with greater sums will lose 9.9%. Cypriot bank officials quoted by AP news agency said depositors could access all of their money except the amount set by the levy.

Is this the beginning of a trend? The US is pushing a socialist type of agenda as in Europe. Will something similar to this be used someday in the US to help pay down our debt? I guess time will tell...

http://www.bbc.co.uk/news/world-europe-218143...

Level 3

Since: Dec 12

Location hidden

#2 Mar 17, 2013
Not if we do what Ryan wants us to do.
Hmmm

Camillus, NY

#3 Mar 17, 2013
and the people had no forewarning. Wow!! Just when you think bank accounts are a good place to keep money. Hope this does not happen in the US....
McLovins

Utica, NY

#4 Mar 17, 2013
I see dum people wrote:
Not if we do what Ryan wants us to do.
Ryan's a nazi douche. Obama's a socialist-communist douche. Clinton (both) is a socialist-communist douche. Bohener is a socialist douche. Romney is a nazi douche. Cuomo is a socialist. Talk about dumb people. When are you people going to smarten up and realize voting for and putting faith in any of these "made" men and women (ALL OF THEM) is signing your own death warrants? Go ahead and BELIEVE they can or will do anything for "we the people", you zombie drones, you.
stoptheleeches

United States

#5 Mar 17, 2013
All we have to do is stop givingmoney to the leeches and other countries.
hank hill

Detroit, MI

#6 Mar 17, 2013
stoptheleeches wrote:
All we have to do is stop givingmoney to the leeches and other countries.
yup

Level 4

Since: Feb 13

Schenectady, NY

#7 Mar 17, 2013
stoptheleeches wrote:
All we have to do is stop givingmoney to the leeches and other countries.
Can't stop giving money to the other countries. Without that we would essentially not be able to interfere with them as much as we do.
And

Camillus, NY

#8 Mar 17, 2013
Hmmm wrote:
and the people had no forewarning. Wow!! Just when you think bank accounts are a good place to keep money. Hope this does not happen in the US....
looks like the money will be automatically removed from bank accounts next Tuesday by the Cyprus government (Monday is a holiday for them). Cyprus government has also stopped the ability for depositors to perform electronic transactions. Ouch... So much for having trust in government. Hope people read about this and wake up.
Speak Facts

Bronx, NY

#9 Mar 17, 2013
Our economy is a consumer and debt base system. Our monetary policies is govern by a "Fed Bank" not owned by the people even thou it has the word "Federal" in the title . Banks gain interest from debt and finance charges. The largest lobby and campaign contributors in Washington. They make money from debt so we will never low the national debt.
Well

East Syracuse, NY

#11 Mar 17, 2013
Stop giving money to other counties and in time it will be paid
Correct

Camillus, NY

#12 Mar 17, 2013
Speak Facts wrote:
Our economy is a consumer and debt base system. Our monetary policies is govern by a "Fed Bank" not owned by the people even thou it has the word "Federal" in the title . Banks gain interest from debt and finance charges. The largest lobby and campaign contributors in Washington. They make money from debt so we will never low the national debt.
The US System does work different. In the US, the government could print additional money to pay down debt which could devalue the dollar and everyone's savings. In part that is why the price of precious metals are increasing. At one time the US dollar was backed by gold and silver (e.g, Gold and Silver Certificates). Now we have Federal Reserve notes. It is interesting to see how much the US dollar has devalued when compared to the price of gold over the years and when the country transitioned from gold backed dollars to federal reserve note...

http://pricedingold.com/us-dollar/

In 1933 the US dollar was no longer backed by our gold reserves and in 1971 the cancellation of the direct convertibility of the United States dollar to gold occurred.

Here is some history on our dollar:
http://en.wikipedia.org/wiki/History_of_the_U...

I guess we do not need to worry about the government taking money directly from our bank accounts, as it appears they will take our money indirectly by devalueing the dollar....
Speak Facts

Bronx, NY

#13 Mar 17, 2013
Correct wrote:
<quoted text>
The US System does work different. In the US, the government could print additional money to pay down debt which could devalue the dollar and everyone's savings. In part that is why the price of precious metals are increasing. At one time the US dollar was backed by gold and silver (e.g, Gold and Silver Certificates). Now we have Federal Reserve notes. It is interesting to see how much the US dollar has devalued when compared to the price of gold over the years and when the country transitioned from gold backed dollars to federal reserve note...
http://pricedingold.com/us-dollar/
In 1933 the US dollar was no longer backed by our gold reserves and in 1971 the cancellation of the direct convertibility of the United States dollar to gold occurred.
Here is some history on our dollar:
http://en.wikipedia.org/wiki/History_of_the_U...
I guess we do not need to worry about the government taking money directly from our bank accounts, as it appears they will take our money indirectly by devalueing the dollar....
Well said. The question is who own the Federal Reserve not the government! The founding fathers didn't want the people to be slaves a central bank and never established one. As you stated 1933 after the manufactured Great Depression a central back was created with interest baring currency . In other words we all are born into debt .
Fair Tax

New Hartford, NY

#14 Mar 17, 2013
Time to start making te bottom feeders pay their fair share of taxes.
Time to stop giving money to the lazy.
Time to stop providing free breakfast and lunches in schools.
Time people started being responsible for themselves.
Speak Facts

Bronx, NY

#15 Mar 17, 2013
Fair Tax wrote:
Time to start making te bottom feeders pay their fair share of taxes.
Time to stop giving money to the lazy.
Time to stop providing free breakfast and lunches in schools.
Time people started being responsible for themselves.
The latest data show that a big portion of the federal income tax burden is shoul­dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.

What category do you fall under? I agree if you're an able bodied person receiving government you should be put to work and drug tested. But look at the national budget before you talk nonsense.
Fair Tax

New Hartford, NY

#16 Mar 17, 2013
Can you read? I stated the same thing you have, the bottom feeders need to start paying their fair share. Learn to read before you post.
Speak Facts wrote:
<quoted text>
The latest data show that a big portion of the federal income tax burden is shoul­dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.
What category do you fall under? I agree if you're an able bodied person receiving government you should be put to work and drug tested. But look at the national budget before you talk nonsense.
Speak Facts

Bronx, NY

#17 Mar 17, 2013
Fair Tax wrote:
Can you read? I stated the same thing you have, the bottom feeders need to start paying their fair share. Learn to read before you post.
<quoted text>
Slow down. The point is your taxes is only 3% being collected for the federal government. So your money don't go towards free lunch or after school programs or any government program. You file a tax return and receive a rebate so you loan the government free money. And payroll tax you will collect that at the appropriate age. Lets be civil debate no need for beer muscles.
What

New Hartford, NY

#18 Mar 17, 2013
I am clueless to what you are saying.

The bottom feeders need to start paying their fair share of taxes and they need to stop getting back money back that they never paid in.

The free lunch and other meals issue is totally seperate.

We need to CUT government spending and any increase in taxes needs to be from the people paying ZERO, they need to put some skin in the game.
Speak Facts wrote:
<quoted text>
Slow down. The point is your taxes is only 3% being collected for the federal government. So your money don't go towards free lunch or after school programs or any government program. You file a tax return and receive a rebate so you loan the government free money. And payroll tax you will collect that at the appropriate age. Lets be civil debate no need for beer muscles.
What

New Hartford, NY

#19 Mar 17, 2013
Turn the clock back not that far and go back to where we were not a nanny state gobvernment.

Unemployment was a safety net for a max on 26 weeks, NOT 2 years.
Everyone had to pay some tax.
Public service employees received moderate or no pensions, today they get million dollar pensions.
Either free college for eveyone or no one.
Stop being the peace keepers around the World.
Stop giving OUR money away to dictators and foreign governments.
Stop paying for abortions.
Stop giving people money to feed their children and then feeding the children in school.
Make welfare people take drug tests and make them have identification to get their welfare.
Don't give welfare to ILLEGAL immigrants.
Speak Facts

Bronx, NY

#20 Mar 17, 2013
What wrote:
Turn the clock back not that far and go back to where we were not a nanny state gobvernment.
Unemployment was a safety net for a max on 26 weeks, NOT 2 years.
Everyone had to pay some tax.
Public service employees received moderate or no pensions, today they get million dollar pensions.
Either free college for eveyone or no one.
Stop being the peace keepers around the World.
Stop giving OUR money away to dictators and foreign governments.
Stop paying for abortions.
Stop giving people money to feed their children and then feeding the children in school.
Make welfare people take drug tests and make them have identification to get their welfare.
Don't give welfare to ILLEGAL immigrants.
I agree with all the above 100% friend.

Level 3

Since: Dec 12

Location hidden

#21 Mar 18, 2013
It would do much more good to write to your representation in Washington than to rant on Topix. You all have valid points that you need to let your elected officials know.

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