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Good Article Summarizing Threats To U.s. Dollar

Discussion in 'Politics & Government' started by Thomas Windom, May 4, 2023.

  1. Richard Whiting

    Richard Whiting Very Well-Known Member
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    John,
    Wow ! Quite a list. Yes, I'm aware of those powers, and they all need funding to function, BUT most of them can be trimmed back. Working with Janet Yellson, Sec of Treasury, Pres Biden will have hard choices too make if there is not enough money to go around.

    I do not expect that any one side of the budget issue to get all that it wants. Each side will have to settle for only part of what they want. At least enough to claim victory. It is, however, most likely that the Republicans will win SOME cut backs in spending, unless we use draconian measures to tax American individuals and corporations.

    Congress needs to get it through their heads that we simply can not go on forever spending, spending and spending. Every rational American already know that.
     
    #121
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  2. Mary Stetler

    Mary Stetler Veteran Member
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    I, for one, would vote for a referendum to shut down the bloated Department of Education; turning the duties over to the states and localities.
    Maybe each item in question should be set to a referendum and have the people vote on what to spend money on.
     
    #122
  3. John Brunner

    John Brunner Senior Staff
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    I'm sure I've mentioned here that shortly after Carter stood up the Federal DOE, it soon bloated to many times the staffing required. Reagan came in and tried to right-size it before those staffing levels became entrenched. He failed.

    So much of what the Fed does of this stuff is unConstitutional, but that founding document has been picked at since Day One.
     
    #123
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  4. Mary Stetler

    Mary Stetler Veteran Member
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    Isn't unconstitutional against the law? The Constitution is the law of the land.
     
    #124
  5. Bobby Cole

    Bobby Cole Supreme Member
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    It would seem that to some in today’s political arena, the Constitution [not unlike the 10 Commandments] are nothing but guild lines that can be overstepped or abided by in the name of convenience.
    The value of a politician’s back pocket serve as a much higher authority than the Constitution.
     
    #125
    Last edited: May 27, 2023
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  6. Thomas Windom

    Thomas Windom Very Well-Known Member
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    We get cases going to the SCOTUS all the time because some genius in government thinks they know better. There are way too many who believe the constitution was guidance for a bygone era of America and no longer serves a purpose. :(

    … and you’re right, the constitution describes itself in the selfsame document as “the supreme law of the land”.

    “Article VI, Clause 2:

    This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding.”
     
    #126
  7. Richard Whiting

    Richard Whiting Very Well-Known Member
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    Exactly right. All federal employees are required by law to swear an oath to "Preserve, Protect and Defend the Constitution".

    This applies not only to the President , but all the way down to the lowest ranking military personnel.
     
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    Last edited: May 27, 2023
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  8. Don Alaska

    Don Alaska Supreme Member
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    One of the biggest things I have against Progressives is that they take that oath with no intention of fulfilling that pledge. Every Progressive that takes that oath is lying when they take it.
     
    #128
  9. Beth Gallagher

    Beth Gallagher Supreme Member
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    Speaking of progressives; did you see AOC getting booed by her constituents today? I had to "LOL" and wanted to tell them, "you voted for that so enjoy."
     
    #129
  10. Richard Whiting

    Richard Whiting Very Well-Known Member
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    Who is AOC ?
     
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  11. Beth Gallagher

    Beth Gallagher Supreme Member
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    #131
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  12. Thomas Windom

    Thomas Windom Very Well-Known Member
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    #132
  13. Richard Whiting

    Richard Whiting Very Well-Known Member
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    Good news ? Well, maybe. On this evenings NBC nat'l news they said that a Biden/McCarthy deal had been reached. If true it would take several days to write it up, and THEN 2-3 days for Congress to read it before voting. IF it got through Congress then and only then would Biden sign it into law. McCarthy said it could be ready for Congressional voting on Wednesday.
     
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    Last edited: May 27, 2023
  14. Ken Anderson

    Ken Anderson Senior Staff
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    Oh, I doubt that it will be a good deal. More likely, the Republicans caved again.
     
    #134
  15. Richard Whiting

    Richard Whiting Very Well-Known Member
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    Well, I suppose it depends upon your definition of "a good deal".
    In my opinion, anything that keeps the public buying goods and people at work is good deal. To say nothing of stabilizing the stock market and keeps banks loaning money at reasonable interest rates.

    As far as the Republicans are concerned, they probably will be able to claim victory because they will have succeeded in stopping in increase in spending. BUT, we have to wait and see the details which should be made public early next week.
     
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