Here is How We Get Out of Debt

Submitted by: kitteh9lives 5 years ago in

Congressman Kucinich with an outline of the simple steps to avoid default and to take America out of debt. Can it work?
There are 55 comments:
Male 19
The highest earners/corporation have made tremendous gains for 3 decades,while middle income earners have continually regressed. This scale continues skew to towards the filthy rich, yet average earners defend the top 2%, why. Doesn`t make sense that the great wealth of a country is shared by a very select few.
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Male 382
So print Money(Cause Inflation)
Give to the people to fix the roads (Limited Government Jobs)
Take more money from the only people who can afford to start companies. (Tax the rich. The richest in the USA pay 35% taxes on Income, All Americans pay 15% on Capital Gains. Stop any new business development)
Give health care to all (Current government health care plans are in the red, this one will be OK)

You guys are right, this man is a genius!
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Male 621
Rome is burning...
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Male 221
I think I misheard him then. He seemed to say `greatest country on earth`. That is not true. America is the only country on earth, right? Or that`s what Americans have told me, anyway.
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Male 143
@obeydarklord each speaker got one minute. Also, you can`t create wealth, money doesn`t grow on trees, because that would just cause inflation. We just need some Austrian Economists in there. If you don`t know what Austrian Economics is, then look it up and research it. It teaches the right stuff.
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Male 146
These turd sandwiches all talk in billions and trillions over x number of years. Here you go in simple numbers America:

You made $22K last year
You spent $37K last year
You have $140K in credit card debt

Here is Washington`s "Grand Solution"

1) Call Citibank and get them increase to your limit by $15K (That will get you through the next 12 months. They will have to do roughly the same thing every year for the next 10 years)

2) Cut your spending habits by $400 each year for the next 10 years.

Assuming Citibank waives all interest charges and there is no inflation for the next 10 years, you will only be $300K in debt.

However, assuming the above, and doubling the number of hours you work for the next 10 years, you`ll only be $140K in debt (just like you are today)

These non-nice individuals do nothing but talk poo and pretend that the other guy isn`t doing anything. Suckers.
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Male 10,339
"I can`t stand people that think rich people have "earned" their riches."

Okay. Someone opens a business, works from when they wake up `till they go to sleep 7 days a week on said business. This goes on for years, until the business grows to a point where the owner is finally making what Obama says is rich. ($250,000).

So this person didn`t earn it? You are a drating dolt.
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Male 2,579
I can`t stand people that think rich people have "earned" their riches.
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Female 1,743
Short to the point.
He`s a bit of a loon, but I like him.
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Male 1,360
good point and under 2 minutes, even i can get behind this
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Male 599
@drworm2002
I think he`s scared he won`t get his car paid by daddy. Rich Ultra Right Conservatives start the brainwashing as soon as they come out of Mommies womb.
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Male 662
@DMoneys36...yea I am sure that is what your father tells you at teh dinner table but that is not really the truth
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Male 688
Ah.... So I did.
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Male 221
Things that piss me off... The democrats have this stereotype that all people you are wealthy are just fat greedy pigs, and that we can just tax the crap out of them.

Has anyone ever thought that hard workers deserve every cent that they earn?
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Male 293
I remember when he was the mayor of Cleveland back in the 70`s. Under his administration, the city... wait for it... DEFAULTED!!!! Bwahahahahaha!!!!
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Male 328
Yea except our government sucks ass.
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Male 599
I say we take sugar and make ethanol. That way we are reducing sugar and diabetes related problems. then healthcare costs would go down and etc..

Oh wait my snickers would go up in price. Freak that idea.
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Male 2,419
""...increase the debt ceiling..." -- Yeah, that`s just what a country in severe debt needs... the ability to get FARTHER into debt. "

If you`re in debt what gets you on your feet better? More time to pay off your debt or having all your worldly possessions repossessed because you owe more than your country is worth?

"Ethanol...great choice there guys. All it has done is drive up food costs"

Then how about you speak to your representatives about all those farmers you pay to not farm to keep value of food from crashing through the floor? Plants grown for ethanol aren`t even on the same market as the food you buy.

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Male 341
I bet all 8 people in the audience agree with him now...
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Male 2,419
@Klamz
You missed that he`s a democrat?
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Male 688
Did I miss something here? A republican who wants to make things better by improving citizens lives directly and green technology and they seem to want to do the smart thing and NOT go into debt even more. Since this is obviously the smart thing isn`t that usually the side democrats take?

Did they switch things up again like they did way back when?
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Male 599
Tsk, Tsk, Tsk Senator! You should know better. The masses are clamoring for immediate satisfaction and the old Roman senate is still pandering for the call of the Coliseum for distraction.
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Male 7,611
yes, simple steps, if only people could agree on them.
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Male 546
and.... Everyone can become Democrats to boot! It would truly be a great country then wouldn`t it?

I am sick of one sided solutions.
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Male 934
Yes! Blind idealism is definitely the way to go.
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Male 25,416
Wait... the gov cant make sense.. Shenanigans
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Male 514
Oh - deckem 17 - the gold standard in its final format was eliminated in 1971 I believe by richard nixon, followed by the heavy inflation of the 1970s
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Male 514
Greatest country on earth? That arrogance is what will drive USA into its grave of debt....
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Male 57
I think we should just cut EVERYTHING, if we give the government more money they`ll just spend it on dumb stuff.

PS How did he get away with saying that the US is the greatest nation on Earth without the left saying that it was terribly offensive?
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Male 1,122
That sounded well balanced.
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Male 3
@auburn

I`m sure you have stupidity induced spasms fine all by yourself and quite regularly
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Male 153
I have a more simple plan....outlaw lobbyists and completely elect a new House and Senate. Limit terms to two, two year stretches, and BLOW THE drat UP THE DEMOCRATIC AND REPUBLICAN NATIONAL CONFERENCES!!! I like to call it my, Fair National Reset Plan. Dognose for Prez 2028!!!
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Male 3,462
sssfdg, Medicare has been a failing program since about the 90`s, and even moreso now that the baby boomers are becoming the age when they can receive the benefits.

He mentions a new New Deal, and it is my belief that FDR`s New Deal is what got us partially into this mess to begin with. If I recall, and anyone may correct me on this, FDR`s New Deal was supposed to be discontinued after the war. But it continued and was working, but it peaked and now it is crashing down around our ears.


I completely agree with Hightech90. But I would also add a federal sales tax.
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Female 734
So as soon as you disagree you just stop listening? huh, no wonder they can`t get any where on this
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Male 10,339
I heard him say "increase the debt ceiling with no strings attached" and instantly had a stupidity induced spasm that caused me to turn it off.
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Male 1,445
This is largely the same stuff that the Bipartisan Policy Center Task Force presented to the Senate in 2010 and was thoroughly trashed by both parties in the House, Senate, and by the White House. Unfortunately the special interests would never allow this. Kucinich is living in a pipe dream.
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Male 190
I like all of that stuff...

and Pooptart19... the medicare for all hasn`t even passed... the medicare that did pass doesn`t take effect until 2014... so THAT program doesn`t even exsist yet... dumbass

I`m canadian and I know that.
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Male 17
""...we have the Constitutional power to create money..." -- Yeah, as long as there is gold to back it up. We`re way past that, moron."

Well that might have been true before WWII. The gold standard hasn`t been used since the 1930`s.

Money used to be backed by gold. Now it just says: This note is legal tender....which means it`s backed by nothing.
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Female 709
I think his ideas are actually good ones that could work, but some ideas are blocked because of things like religion or general greed on our part. I really hope his plan gets through, though!
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Male 1,678
Sounds like the kind of ideas you`d get from a drunk dude in a bar. If it was that easy they`d have already done it.
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Male 2,440
[quote]"...increase the debt ceiling..." -- Yeah, that`s just what a country in severe debt needs... the ability to get FARTHER into debt.

"...end the wars..." -- Sure. I can agree with this one.

"...repeal tax cuts to the wealthy..." -- How about you play fair, and repeal tax cuts to EVERYONE? Punishing people for being successful is retarded.

"...Medicare for all..." -- Yeah, because THAT program is doing so well, isn`t it?

"...renegotiate trade agreements..." -- Federal gov`t shouldn`t be involved at all.

"...we have the Constitutional power to create money..." -- Yeah, as long as there is gold to back it up. We`re way past that, moron.

"...we don`t default..." -- We shouldn`t be in the position to have to do this. We are. Suck it up, and stop spending money we don`t have![/quote]
^ Agreed. Word for word.
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Male 1,744
holy SH%T a gov`t official with a not so bad idea! I didn`t think I`d ever see one
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Male 749
Congressman Howdy Doody is always entertaining. His solution: just make everything better, then we won`t have problems! [s] Sounds legit [/s]
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Male 72
If you want to look at how to lower the debt just look up any Ron or Rand Paul video on the subject on youtube. I like that Kucinich wants to get the wars over with and end the fed, but other then that I disagreed with pretty much everything he said here.

The income tax needs to be abolished if not cut down to 10% for everyone, we need to be able to opt out of social security (eventually get rid of the whole system in 10-15 years), get rid of medicare/medicaid over time, and we need to get rid of the IRS, Dept of Education (leave it up to the states), Dept of Agriculture (Ethanol...great choice there guys. All it has done is drive up food costs and lower gas mileage) cut the EPA and TSA DRASTICALLY. It can be done but only two people who are in our legislature are capable of doing it. Everyone else is a joke and only in it for the money and benefits
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Male 89
i say we all have an or gee
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Male 207
How about we just stop spending so much on so little?
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Male 4,394
The only way the U.S. is ever going to get out of debt is if the Republican`s and the Democrat`s learn how to work together so they can come up with solutions that help America not just their side.
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Male 303
TruTenr, you sound like your voting for Ron Paul. Liking the common sense.
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Male 303
How to stop gov from going into default: Stop spending, let people rely on themselves for once and not always feel like they have mommy gov. waiting for them in bad times. Let them make their own plan w their own money.
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Male 881
Oh Kucinich! First rule of Congress is: Don`t make sense.
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Male 2,552
"...increase the debt ceiling..." -- Yeah, that`s just what a country in severe debt needs... the ability to get FARTHER into debt.

"...end the wars..." -- Sure. I can agree with this one.

"...repeal tax cuts to the wealthy..." -- How about you play fair, and repeal tax cuts to EVERYONE? Punishing people for being successful is retarded.

"...Medicare for all..." -- Yeah, because THAT program is doing so well, isn`t it?

"...renegotiate trade agreements..." -- Federal gov`t shouldn`t be involved at all.

"...we have the Constitutional power to create money..." -- Yeah, as long as there is gold to back it up. We`re way past that, moron.

"...we don`t default..." -- We shouldn`t be in the position to have to do this. We are. Suck it up, and stop spending money we don`t have!
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Male 4,394
I`m just going to sit back and watch the conservative`s heads explode over this one.
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Male 10,440
A Republican that knows what to do!??! My mind... asplod.

No wait, "rep" is for representative. Damn all. I was fooled by that again.

You`re not the greatest. Norway is, atm.
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Male 15,510
Just get more debs and let the country fall by itself
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Female 8,044
Link: Here is How We Get Out of Debt [Rate Link] - Congressman Kucinich with an outline of the simple steps to avoid default and to take America out of debt. Can it work?
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