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Originally posted by neo96
reply to post by SaturnFX
Representatives and direct taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers.
The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises...but all Duties, Imposts and Excises shall be uniform throughout the United States...
No Capitation, or other direct, Tax shall be laid, unless in proportion to the Census or Enumeration herein before directed to be taken. This clause basically refers to a tax on property, such as a tax based on the value of land, as well as a capitation.
yeah i read it and money is property and sounds like what i said cant take property aka money from one person and not take it from others.
Originally posted by DrakeDarc
I have a feeling the Survival forum is going to get a lot more action in the coming weeks. Seems were making 2012 happen unconsciously. Its sad. I hate self fulfilling prophecies, its sad... I just hope something happens to put us back on the right path to a greater world...
Originally posted by shaq76
No Bankster job at all. We don't do our homework so we will have to pay more interest in the future. Higher probability of default, higher interest rates. Where is the bankster "job"?? The solution is easier...let's just don't send our kids to war. Do you guys know how much the DOD budget accounts for the deficit?
Iconic billionaire George Soros has decided to return money to outside investors in his $25 billion hedge fund after more than four decades at the helm. While most of the assets under management are his and will remain active -- and we can't blame the man for downshifting at the spry age of 81 -- his decision is yet another building block in the new world investing order.
George Soros, speaking last summer at a conference in Vienna, offered, "The collapse of the financial system as we know it is real and the crisis is far from over. Indeed, we have just entered Act II of the drama."
Sun-tzu once said, "If your enemy is superior, evade him. If angry, irritate him. If equally matched, fight, and if not, split and reevaluate." As we navigate this socioeconomic maelstrom, an increasing number of people are weighing their options -- and some of the smarter folks are either going dark, as Stan Druckenmiller did last year. Or they're painting themselves a darker shade of gray, as per Mr. Soros.
Y! Finance article
There was a lot of speculation about the reasons legendary money manager George Soros recently announced he was shutting down his hedge fund and sending investors their money back.
If one of the most successful hedge fund managers of all time is hanging it up in current market conditions, what does that say for the future of all of the open-end mutual funds and exchange-traded funds that have "alternative" or hedge-like characteristics?
Originally posted by guessing
I am sad. sad that my children will not know what it was like to eat fresh food and have a roof over their heads.
I understand that once the rating slips, it is very hard to get it back.
There will have to be an earthquake or something in the next few days to divert this news.edit on 5-8-2011 by guessing because: of all things... spelling
Originally posted by neo96
hey what do you give the potus for his birthday?
a downgrade in our credit rating and all it took was 14 trillion dollars.
i feel so honored to have contributed i think we all should.
lets give it up for our most glorious leader
happy birthday!!! not!
soup lines form other there ----->
this is how far we have fallen and we still have a ways to go.
“If you get to $4 trillion mentioned by the President in an April 13 speech, by the Bowles-Simpson commission and by Congressman Paul Ryan, that along with economic growth would’ve done the trick” to preserve the triple-A, he told Cavuto.
S&P officials in Europe "concurred" with S&P’s decision. All agreed "we were looking for $4 trillion in cuts" a source close to the matter says.
By 2021 though, around 80% of expenditures will be for Medicare, Medicaid, Social Security, Defense and Interest on the debt, up from less than 70% today, he says. “Perhaps the super committee will now be pressured to tackle some of the more systemic issues in the deficit,” Greenhaus says.
(except members of the Reserve provided for elsewhere),
All Funds: 2011-12*
Total Dollars $157,580
Major Program Changes
3-Yr Expenditures & Personnel Years
Printable Budget Documents
* Dollars in thousands.
Originally posted by BlackOps719
It finally happened.
Never thought I would live to see this. Bad......just bad.
This may be the beginning of the end.