$180,960,000,000.....Just Look at IT!

Fiat money is just like magic, you can conjure it out of thin air using the magic of LAW. For decades there has been no gold to back the promissory note called currency, it's just an electronic money-go-round.

To prove my point, here's a billion dollars:-

I promise to pay the bearer the sum on demand of $1 Billion dollars

Print this out, it's technically legal currency. Take it to a bank & deposit it, there is absolutely no difference between paper money & my promissory note.

Get the bank to accept it, & in LAW, I technically owe you a billion dollars.

You know what's hilarious about this? That you think I'm talking shit.

"pay for??" WTF?? You speak as if the money belongs to the government rather than the people who earned it.

PS. When JFK, Reagan and Bush lowered taxes, it INCREASED federal income tax revenues each time. That's how Romney 'pays for' it.

When you people are allowed to keep more of their money, it creates more jobs which means more taxes are paid.

"pay for??" WTF?? You speak as if the money belongs to the government rather than the people who earned it.

PS. When JFK, Reagan and Bush lowered taxes, it INCREASED federal income tax revenues each time. That's how Romney 'pays for' it.

When you people are allowed to keep more of their money, it creates more jobs which means more taxes are paid.

the fed owns you

[link to www.viewzone.com]

Economic simpleton, I see.

12 million new workers' taxes = .10 * 180,960,000,000 = 18,960,000,000
New economic activity = .20 * 180,960,000,000 = 37,000,000,000
New capital gains = .30 * 180,960,000,000 = 54,000,000,000

100 billion returned in the first year. Cost 81 billion.

Food stamp, unemployment, etc. savings? 180,000,000,000. Net gain?

100 billion GAINED -- zero lost. Program pays for itself and government recovers additional $100 billion in savings.

They really don't get it do they?

But you do, so here's a a Trillion NZ$ for you:

I promise to pay the bearer the sum on demand of one trillion New Zealand dollars.

Signed: Formally legal fiction, now freeman of the land. United Kingdom, Nov. 6th 2012

This is now legal tender.

You really don't understand taxes do you.

Taxes are not money that the government has in a piggy bank that they give to people.

Taxes are fees people must pay if they .... make a profit.

So if today a small business profits $100,000 and has to pay a tax of 10% then they owe $10,000 to the IRS.

Now if a small business grows and hires 10 more employees and profits $200,000 and instead of paying 10% ($20,000) they may only have to pay 8%.($16,000)

Sure their tax rate lowered 10% to 8% but the amount they paid increased from $10,000 to $16,000.

But their additional employees also got paid and had to pay income taxes. They new employees then went and bought themselves toys so they were also taxed with sales tax.

The lower tax rate on the business let them hire more employees and the government recieved more money.

The democrats only want to talk about tax rate as a percentage but the rate has nothing to do with the amount of money the government brings in as a total.

That is why the democrats run deficits every year.

I appreciate your point OP

Simple enough for even a Democrat to understand...well done!

the whole democrat republican thing is much the same if not exactly the same as taking sides in the primary school playground

don't you realise you're being played?

^^^^^THIS^^^^^^

OP, watch and learn. You will probably vote for Romney in 2016.

OP is an idiot!

More people working/jobs = more taxes coming in..

are you an idiot?

You supply sider/trickle downers are living in a fantasy world. Every President who has cut taxes to stimulate the economy has added TRILLIONS to the national debt. As a short term stimulus when the national debt is low, trickle down has its place. But now that it's become the only play in the Republicans' economic play book, it does nothing but add debt. Romney is more full of crap than a rural outhouse. Please wake up, ye victims of top-down class warfare.

Said the man supporting a party whose policies have not given us a balanced budget in 60 years. Said the man whose party's Presidents have increased the national debt as a percentage of GDP by an average of 17% per four year term since 1980. Welcome to Fantasy Island. Population: Undereducated Republican victims of top-down class warfare propaganda.

fiat money = debt slavery

people objected to the enslavement of others with chains

so another form of slavery was engineered

fiat money is slavery

Pssst.... Hey Paul, I have a job for you. I need you to guard Peters money...

Go to Kenya with your leader and seek the REVENGE on the people there by blowing all their money like its a stolen credit card.

So...we all concur...OP is an idiot, a shill or a true liberal democrat...all of which are synonomous with each other.

I'll be voting for Gary Johnson tomorrow: the only real fiscal conservative on the ballot. You NeoCons wouldn't know Teddy Roosavelt or Ike Eisenhower if they passed you on the sidewalk. Your takeover of our party makes me sick.

Who cares? It's about darn time we got a white man back in the White House.