Printing Money, Taking Money

Countries have the potential to live forever. Therefore, they can carry debt for a long long time. Major countries like the USA can service their debt by taxing their citizens and by borrowing from their citizens, foreign investors and nations. When these alternatives proves inadequate, nations like the USA can actually print money for this purpose.

The printing of money is one of the many hidden methods used by some governments to service their debt. Of course, printing dollars reduces the purchasing power of the currency, and of one’s dollar-denominated wages and assets. It is, in effect, a hidden form of taxation.

I think this printing option is one of the hidden strategies behind the irresponsible spending of the Democrat Congress since 2007 and the Obama administration since 2009. If push comes to shove, the US government has the ability to print money as has been demonstrated by the Federal Reserve in recent years. Of course, they cannot admit this without undermining our Fiat currency (which is based on faith).

Not that Democrats have given up on old-fashioned tax hikes …

After the first of next year a 3.8% surtax will be applied to any profits you make on the sale of assets –such as stocks, bonds, real estate, et cetera. This surtax will be in addition to the regular tax on the sale of assets.

This surtax is part of the ObamaCare legislation that is now the law of the land and will help to fund the cost of ObamaCare. This tax is just one of many (eight) new taxes that will impact taxpayers as a result of ObamaCare. It will even affect the 45% of our citizens who now pay no federal income tax.

Romney/Ryan have pledged to end ObamaCare and replace it with a market based healthcare system that will not increase taxes.

Bob Marshall

Shortly after the Federal Reserve was created and the Federal Income Tax Act was signed by Wilson, the national debt was $2.3 billion. Today, it is almost $16 trillion. Obama appointed Ben Bernanke again and Romney said in a Republican debate that he is not going to take his effort and focus on the fed. He also said when asked about the job Ben Bernanke is doing he said Ben is doing a good job.While Obama lies and does things his way, Romney tell whatever group he is speaking to what they want to hear. The mark of a true politician. G. Edward griffin; ” If America is to survive as a free nation, its citizens must become far more politically educated than they are at present.” The reason many don’t care about what the Federal Reserve nor the government does is because it was reported today that more than half the citizens in the United States depend on the government for some type of assistance. We, as a nation, seem to have forgotten the words of Ronald Reagan. If the government is big enough to give you everything you want, they are big enough to take everything you have.
- Public_Citizen
  
  The thing that the ones on the government dole don’t realize [and won't until it is too late for them] is that when it all begins to fly apart that they will be one of the first pieces to be flung aside.
  For an in-your-face example just look at Detroit, Michigan, which has begun to explore the possibilities of reducing areas of civic jurisdiction because there just aren’t the resources to go around. The ones left in the lurch are those most dependent on the government. They are starting to realize the predicament they are in, but it is already too late.