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Full Version: Flat, Fair, Current, or the State Rate Tax Plan?
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SpaceCowboy
QUOTE(Bart Katz @ Sep 11 2006, 10:38 PM) [snapback]239853[/snapback]

He thinks radical Moslems are too. sad.gif

That's right.
Bart Katz
QUOTE(SpaceCowboy @ Sep 11 2006, 10:39 PM) [snapback]239855[/snapback]

That's right.


Besides, why miss a good chance to take shots at Hunin? smile.gif
CharlieRay
QUOTE(SonsofLiberty @ Sep 11 2006, 09:37 PM) [snapback]239851[/snapback]

You mention "all pay their fair quarter". is it fair that someone who works two 40 hour jobs making $10 an hour pays more in taxes than a person who works one 40 hour job making $10 an hour? Why do we wish to punish the worker who wishes to work more?


It's not "punishment"... it's a requirement of society... and everyone pays the same... so no one is "punished" anymore than anyone else.
Tom Servo
QUOTE(CharlieRay @ Sep 11 2006, 09:32 PM) [snapback]239848[/snapback]

Earn or grow a dollar... pay a quarter... or buy a dollars worth of bread... pay a dollar and a quarter... either one or the other...

As both the federalists and anti-federalists do back flips in their graves! blink.gif
Samuel Adams
QUOTE(Bart Katz @ Sep 11 2006, 11:40 PM) [snapback]239857[/snapback]

Besides, why miss a good chance to take shots at Hunin? smile.gif

Since a few of us are new here, would Hunin be the Village Idiot?

QUOTE(Tom Servo @ Sep 11 2006, 11:45 PM) [snapback]239859[/snapback]

As both the federalists and anti-federalists do back flips in their graves! blink.gif

Yup. Even those pesky Federalists.
SpaceCowboy
QUOTE(Samuel Adams @ Sep 11 2006, 10:45 PM) [snapback]239860[/snapback]

Since a few of us are new here, would Hunin be the Village Idiot?

Hardly.
SonsofLiberty
QUOTE(CharlieRay @ Sep 11 2006, 11:40 PM) [snapback]239858[/snapback]

It's not "punishment"... it's a requirement of society... and everyone pays the same... so no one is "punished" anymore than anyone else.



sure they are, you are punishing the guy who is working twice as hard by making him pay twice as much in taxes.
Tom Servo
QUOTE(Samuel Adams @ Sep 11 2006, 09:46 PM) [snapback]239860[/snapback]

Since a few of us are new here, would Hunin be the Village Idiot?


No. He's just one of those guys with the green Wellstone! sticker still on his bumper.

Wait'll you meet our village pisswillie, he's a doozie! laugh.gif
SonsofLiberty
QUOTE(SpaceCowboy @ Sep 11 2006, 11:46 PM) [snapback]239861[/snapback]

Hardly.



Seriously?
Samuel Adams
QUOTE(SpaceCowboy @ Sep 11 2006, 11:46 PM) [snapback]239861[/snapback]

Hardly.

Just checking. Thanx.
SpaceCowboy
QUOTE(SonsofLiberty @ Sep 11 2006, 10:48 PM) [snapback]239864[/snapback]

Seriously?

Hu may not agree with you, but he's plenty smart.

Even wise, sometimes.
Samuel Adams
QUOTE(Tom Servo @ Sep 11 2006, 11:48 PM) [snapback]239863[/snapback]

No. He's just one of those guys with the green Wellstone! sticker still on his bumper.

Wait'll you meet our village pisswillie, he's a doozie! laugh.gif

I can hardly wait. wink.gif

QUOTE(SpaceCowboy @ Sep 11 2006, 11:50 PM) [snapback]239866[/snapback]

Hu may not agree with you, but he's plenty smart.

Even wise, sometimes.

Perhaps but there is a fine line between a wise man and a wise guy.
CharlieRay
QUOTE(Samuel Adams @ Sep 11 2006, 09:38 PM) [snapback]239854[/snapback]

Wouldn't it be nice to keep your entire paycheck (except local and state taxes)? If the Fedgov screws up and the states have to help out, they would be heald accountable. Repealing the 16th and 17th Amendments would fix that entirely. No direct taxes along with Representatives being heald accountable to the citizens and the Senators being heald accountable to state legislatures.


That does sound pretty good... but having paid taxes(a lot of taxes:~) all of my working life(since 13:~) in the current system, I'm having a bit of a problem seeing it as realistic... guess I've been programed...

I don't mind paying my share(I think that I am an exception though and most would not pay if they could get away with it:~)... especially to things that we all need and benefit from... or that benefit the poor... jUSt galls me to see that I pay 10s of thousands in taxes every year and a corporation like Boeing pays a measely couple grand...

Ohh, and while I'm bitching, I hate that my taxes are USed for stuff that I don't agree with at all... like defense(offense:~) spending.
Samuel Adams
QUOTE(CharlieRay @ Sep 11 2006, 11:54 PM) [snapback]239868[/snapback]

That does sound pretty good... but having paid taxes(a lot of taxes:~) all of my working life(since 13:~) in the current system, I'm having a bit of a problem seeing it as realistic... guess I've been programed...

I don't mind paying my share(I think that I am an exception though and most would not pay if they could get away with it:~)... especially to things that we all need and benefit from... or that benefit the poor... jUSt galls me to see that I pay 10s of thousands in taxes every year and a corporation like Boeing pays a measely couple grand...

Ohh, and while I'm bitching, I hate that my taxes are USed for stuff that I don't agree with at all... like defense(offense:~) spending.

I know exactly what you're talking about.
SonsofLiberty
QUOTE(SpaceCowboy @ Sep 11 2006, 11:50 PM) [snapback]239866[/snapback]

Hu may not agree with you, but he's plenty smart.

Even wise, sometimes.



Sarcasm man, it was sarcasm
SpaceCowboy
QUOTE(SonsofLiberty @ Sep 11 2006, 11:00 PM) [snapback]239871[/snapback]

Sarcasm man, it was sarcasm

Nonamous sweatamus.
Samuel Adams
This thread has take off pretty well but we still only have 17 votes.
Arturo_Vandelay
QUOTE(Bee @ Sep 11 2006, 05:36 PM) [snapback]239786[/snapback]



Simple. Get a big ass gun.

Right?

Maybe not.


I prefer two smaller assed guns.


QUOTE(Samuel Adams @ Sep 11 2006, 09:05 PM) [snapback]239874[/snapback]
This thread has take off pretty well but we still only have 17 votes.


We don't have an unlimited number of members, especially ones interested in tax law on a given day. Maybe we need to hire a cruise director?
Samuel Adams
QUOTE(Arturo_Vandelay @ Sep 12 2006, 12:19 AM) [snapback]239875[/snapback]

We don't have an unlimited number of members, especially ones interested in tax law on a given day. Maybe we need to hire a cruise director?

I'm booked. thanx anyway. tongue.gif
SpaceCowboy
Y'all are aware that all the economists I know of have argued against tariffs. Once the tariff game starts, all players (all countries) are worse off.


I don’t see us raising much revenue from tariffs.


Tariffs seem like free money for a while, but they bite on overall economic efficiency so deeply that total world production falls from what it would have been without tariffs.
SpaceCowboy
Though tarrifs do look attractive in light of out current balance of payments with China. Trouble is, it would set off a tarrif war. They might stop financing our treasuries, even. smile.gif
Arturo_Vandelay
QUOTE(Samuel Adams @ Sep 11 2006, 09:22 PM) [snapback]239876[/snapback]

I'm booked. thanx anyway. tongue.gif


I was thinking of something along the lines of Julie from The Love Boat. (look it's ex-Republican rep Gopher in the middle)

IPB Image


SpaceCowboy
BTW, I'm not saying the Founders didn't mean to finance the government with tarrifs. I would agree that they did.

I'm just thinking it's not very practical, and thus the load would fall on the states, or luxury taxes.

Luxury taxes are a bit problematical too.
Arturo_Vandelay
QUOTE(SpaceCowboy @ Sep 11 2006, 09:30 PM) [snapback]239877[/snapback]
Y'all are aware that all the economists I know of have argued against tariffs. Once the tariff game starts, all players (all countries) are worse off.


I don't see us raising much revenue from tariffs.


Tariffs seem like free money for a while, but they bite on overall economic efficiency so deeply that total world production falls from what it would have been without tariffs.


Tariffs just aren't going to happen. They wouldn't raise nearly enough money, and a trade war doesn't help anyone. Think Great Depression.
SpaceCowboy
QUOTE(Arturo_Vandelay @ Sep 11 2006, 11:45 PM) [snapback]239881[/snapback]

Tariffs just aren't going to happen. They wouldn't raise nearly enough money, and a trade war doesn't help anyone. Think Great Depression.

Perzackly.
Arturo_Vandelay
QUOTE(SpaceCowboy @ Sep 11 2006, 09:45 PM) [snapback]239880[/snapback]
BTW, I'm not saying the Founders didn't mean to finance the government with tarrifs. I would agree that they did.


They didn't mean to have superhighways, space shuttles, aircraft carriers, FEMA and an education dept either. You can argue some of that is bad, but none of it isn't going away any time soon.


QUOTE(SpaceCowboy @ Sep 11 2006, 09:46 PM) [snapback]239882[/snapback]

Perzackly.


I've had this argument over the FDR years. Smoot-Hawley and all that. At the time lefties were all over me.
SpaceCowboy
QUOTE(Arturo_Vandelay @ Sep 11 2006, 11:51 PM) [snapback]239883[/snapback]

They didn't mean to have superhighways, space shuttles, aircraft carriers, FEMA and an education dept either. You can argue some of that is bad, but none of it isn't going away any time soon.

That's a fact.

I've had this argument over the FDR years. Smoot-Hawley and all that. At the time lefties were all over me.

You wouldn't have it any other way. smile.gif

Bart Katz
QUOTE(Samuel Adams @ Sep 11 2006, 10:46 PM) [snapback]239860[/snapback]

Since a few of us are new here, would Hunin be the Village Idiot?



Naw, just another sad sack liberal.
roserose
QUOTE(Arturo_Vandelay @ Sep 11 2006, 11:19 PM) [snapback]239875[/snapback]

I prefer two smaller assed guns.
We don't have an unlimited number of members, especially ones interested in tax law on a given day. Maybe we need to hire a cruise director?

Woo hoo. Just got my ticket in the mail so I'll be able to vote in this poll.
I've been personally invited to be a VIP guest to hear Naomi Judd (and be trained by "4" of the wealthiest self-made muillionaries in America) share creative secrets and strategies in wealth making.
At this once in a lifetime financial conference I will learn how to:
1) Regularly buy real estate for 31%-57% below value.
2) Use the 21 money making secrets millionaires are using.
3) Legally cut cut all capital gains tax to "0" on the sale of real estate, stocks, or my business
4) Lower my 2006 tax bill by 31%
5) Retire in 2-5 years with an additional cash flow of $9,100 per month
6) Protect 100% of my assets from all lawsuits, liens, levies, bankruptcy, or even a divorce
7) Get government approved investments guaranteeing 16% to 50% return
8) Learn how one high school graduate made 3 million dollars in 3 years.

I don't know who's been reading my mail but this is just too good an offer to pass up. Naomi Judd. HOT HOT HOT.

As for that union poop discussion aways back I'll diatribe in a bit. I may have to get on the essay soon because the union types seem to be knocking themselves out of the picture/discussion in quick fashion.
Friend Judy
QUOTE(SonsofLiberty @ Sep 11 2006, 08:23 PM) [snapback]239816[/snapback]

Exactly, both Jefferson and Madison wrote on the General Welfare Clause and how it was not supposed to be taken literally as it is now since doing so would transform our limited government into one whose powers were numerous and indefinite.
I'm sorry I do not understand what you are trying to convey with this statement.
Presently there are many unfunded mandates. Indirectly this could raise the issue where the federal government cannot make the states pass certain laws so there could be a discussion there. Ultimately, we would hope people would review what the federal government is authorized to do in the first place. But to answer your question, yes that is how states would raise revenues.
That is a good point, but would also illustrate the need to do away with the 17th A. as well so that states woudl also have representation in our federal government since they no longer do.


That was the problem under the Articles of Confederation (states didn't pay) and a significant part of why the Articles failed, and why I asked for examples of these state apportionments actually being levied and pain under the Constitution.

QUOTE(Samuel Adams @ Sep 11 2006, 08:37 PM) [snapback]239820[/snapback]

I didn't see a way to make this a public poll. Too bad.
Check out the following link. It should explain things rather nicely.

Founding Father's Original Tax Plan



QUOTE(SpaceCowboy @ Sep 11 2006, 10:30 PM) [snapback]239877[/snapback]

Y'all are aware that all the economists I know of have argued against tariffs. Once the tariff game starts, all players (all countries) are worse off.
I don’t see us raising much revenue from tariffs.
Tariffs seem like free money for a while, but they bite on overall economic efficiency so deeply that total world production falls from what it would have been without tariffs.


Not to mention, in a consumer society such as ours, tarriffs become in effect an indirect tax, by raising the price of what the citizens buy.
arebuntz
QUOTE(Samuel Adams @ Sep 11 2006, 07:30 PM) [snapback]239750[/snapback]

Interesting vote tally. I'm genuinely surprised that so many have voted to keep the current tax code.

That will go away once you been here for awhile...
hunin
QUOTE(Tom Servo @ Sep 11 2006, 10:28 PM) [snapback]239844[/snapback]

Two sides, same dictatorial coin.


No argument.
arebuntz
QUOTE(Nomarchy @ Sep 11 2006, 08:33 PM) [snapback]239783[/snapback]

Private Property. Interesting.

Try enforcing private property rights on anything without the aid of a government. Good luck.

Pengi weighs in with his theory that everyone is at heart a crook and the only reason people act civilized is due to complete and total fear of gubmnet jack booted thugs... well that and the shear pleasure of paying taxes...
hunin
QUOTE(Samuel Adams @ Sep 11 2006, 10:30 PM) [snapback]239845[/snapback]

I guess that's why the neocons hated the Soviets so much. They weren't socialist enough. rolleyes.gif
And the Soviets were NOT authoritarian, nationalist, or totalitarian, right?

Neither are your beloved Chinese.


You make a lot of assumptions about my POV. Which are unfounded.
arebuntz
QUOTE(Bee @ Sep 11 2006, 08:36 PM) [snapback]239786[/snapback]

Simple. Get a big ass gun.

Right?

Maybe not.

Big ass bee trap...

QUOTE(SonsofLiberty @ Sep 11 2006, 08:40 PM) [snapback]239788[/snapback]

And friends and family members should help out. Furthermore, each one of us has a MORAL obligation to help one another. What is destructive is one group of people using the police powers of the government to TAKE property from one to be benevolent to another.

Oh no, only a few million gubment bureaucrats actually give a damn about their fellow man...

QUOTE(Samuel Adams @ Sep 11 2006, 08:50 PM) [snapback]239797[/snapback]

"...Unions are for people who don't want to do their work.

... and still get paid by their employer...

QUOTE(hunin @ Sep 11 2006, 08:51 PM) [snapback]239798[/snapback]

Yeah, great. Next time your house catches on fire, be a brave libertarian, and don't call the FD.

You guys are antiques. As dusty as wash boards.

Welcome to the 21st Century. Try to catch up.

I'll just call our local VFD...

Next time your house catches on fire... call a DC bureaucrat...
hunin
QUOTE(Samuel Adams @ Sep 11 2006, 10:46 PM) [snapback]239860[/snapback]

Since a few of us are new here, would Hunin be the Village Idiot?



You and your cheerleaders are quick to call names. I'll remember that.

Considering your apparent inability to grasp this is 2006 not 1806, and the US is not a 3rd rate power, but numero uno - with all the bills that accrue for that - I'd say you all are the idiots. laugh.gif
arebuntz
QUOTE(SpaceCowboy @ Sep 11 2006, 10:06 PM) [snapback]239812[/snapback]

What will the states do?

Compete for citizens who will vote with their feet to find the state tax scheme that is best for them...
Arturo_Vandelay
QUOTE(roserose @ Sep 12 2006, 02:22 AM) [snapback]239898[/snapback]

Woo hoo. Just got my ticket in the mail so I'll be able to vote in this poll.
I've been personally invited to be a VIP guest to hear Naomi Judd (and be trained by "4" of the wealthiest self-made muillionaries in America) share creative secrets and strategies in wealth making.



I'd prefer a seminar on creative secrets and strategies for poverty. I'm already pretty good at it, but there's always room for improvement.


QUOTE(arebuntz @ Sep 12 2006, 07:41 AM) [snapback]239917[/snapback]

Pengi weighs in with his theory that everyone is at heart a crook and the only reason people act civilized is due to complete and total fear of gubmnet jack booted thugs...


There's a little something to that. It beats the theory that the world is only civilized by the fear of UN resolutions, or God forbid, sanctions.

As a moderate I figure people come in all over the spectrum. Some do only act civilized, pay taxes, contribute to society etc under threat of government. That's why I'm for some reasonable amount of it. Charity just isn't going to make it by itself.


QUOTE(arebuntz @ Sep 12 2006, 07:51 AM) [snapback]239922[/snapback]

Compete for citizens who will vote with their feet to find the state tax scheme that is best for them...


Or the state that will let them smoke dope without fear of 20 year prison sentences?
arebuntz
QUOTE(hunin @ Sep 11 2006, 10:58 PM) [snapback]239829[/snapback]

Federal system is here to stay, gents. Get used to it.

Accepting reality and working w/in its parameters is the best way to find solutions. Only way really.

... xactly what I am doing... working out very well...
beasty
QUOTE(arebuntz @ Sep 12 2006, 09:00 AM) [snapback]239940[/snapback]

... xactly what I am doing... working out very well...


As long as you're happy. The American dream is different for each of us. For some the American dream is moving to Canada. smile.gif
arebuntz
QUOTE(CharlieRay @ Sep 11 2006, 11:54 PM) [snapback]239868[/snapback]

Ohh, and while I'm bitching, I hate that my taxes are USed for stuff that I don't agree with at all... like defense(offense:~) spending.

Thats where my checkboxes on the 1040 comes in CR, you can direct how your taxe dollars are used by the Feds...

QUOTE(Arturo_Vandelay @ Sep 12 2006, 11:22 AM) [snapback]239925[/snapback]

Or the state that will let them smoke dope without fear of 20 year prison sentences?

With a suitable weed tax to raise required revenue... sounds like a winner...
Nomarchy
QUOTE(SonsofLiberty @ Sep 11 2006, 05:36 PM) [snapback]239785[/snapback]

If we remove the income taxes companies pay they will then have an additional amount of profit. For the sake of argument let's say this amounts to 25%. Some want to believe that the companies will just keep this extra 25%, and truth be known they will want to, but market forces will ultimately force prices down as others try to increase market share by lowering their prices.

Could you please spell out how an across-the-board increase of about 25% in company profits will trigger additional or the same market forces so as to "ulitmately force prices down"? What do you mean by "others"? Which others (not literally)?

In mentioning labor one is looking at the company as if they are directly paying an employees taxes, they are not. They don't know what deductions you have nor do they care. They are paying you a total sum and it is up to the employee to pay their taxes. The only taxes companies pay on behalf of the employee is a portion of FICA.

Does the plan not involve doing away with payroll taxes?

If we exclude pay from the issue we will still see that companies are still paying income taxes. It is those taxes we are talking about removing from the company. When a person negotiates pay with a company they do not negotiate a portion for taxes, at least not directly. I do not see why there will have to be any lowering of wages, but I do still see no income taxes on the companies which still comes out to a benefit.

I am not really sure I am following, here. Companies, qua companies, pay corporate income tax. Otherwise, it's not companies that pay income tax, but individuals. Money is fungible. A 25% decrease in income taxes owed is functionally equivalent to a 25% reduction in costs, no matter from what source.


Additionally, we have to consider all the people who do not pay income tax now: illegals, druglords etc. Will this eliminate tax evasion? Of course not. I'm not even buying their notion that the IRS will be eliminated, but it will serve to collect from more people.

Is the IRS a particularly "costly" government agency? What is its average cost per dollar 'recovered'?




QUOTE(arebuntz @ Sep 12 2006, 07:41 AM) [snapback]239917[/snapback]

Pengi weighs in with his theory that everyone is at heart a crook and the only reason people act civilized is due to complete and total fear of gubmnet jack booted thugs... well that and the shear pleasure of paying taxes...


Where did you get all that from what I said?

I never said anything of the sort. You are the one who has no theory of normative order. You're the one who always oscillates between a coercive 'solution' to the problem of order and one based on the 'natural identity of interests' based on 'reason'.

"Complete and total fear" is obviously something you need to tag me with to make YOUR theory work.

QUOTE(Tom Servo @ Sep 11 2006, 08:28 PM) [snapback]239844[/snapback]

Two sides, same dictatorial coin.


Oh, nonsense.
Samuel Adams
QUOTE(SpaceCowboy @ Sep 12 2006, 12:40 AM) [snapback]239878[/snapback]

Though tarrifs do look attractive in light of out current balance of payments with China. Trouble is, it would set off a tarrif war. They might stop financing our treasuries, even. smile.gif

I don't think that it would be too bad if Congress does its job and negotiates with individual countries the way they're suppposed to be doing. Getting them to do so means the that the citizens have to start paying attention to what goes on in Washington instead of who's winning American Idol. As you stated with China, my concern is with the out of control spending and the $9 trillion National Debt.
Friend Judy
I am still unclear on how this plan would in any way cut government spending.
SpaceCowboy
QUOTE(Friend Judy @ Sep 12 2006, 01:05 PM) [snapback]239969[/snapback]

I am still unclear on how this plan would in any way cut government spending.

I don't doubt that had the plan ben in effect up to now, there would have been less spending at the federal level at least. Implementation at this point would be the problematical part.
arebuntz
QUOTE(Nomarchy @ Sep 12 2006, 12:28 PM) [snapback]239947[/snapback]

...You are the one who has no theory of normative order. You're the one who always oscillates between a coercive 'solution' to the problem of order and one based on the 'natural identity of interests' based on 'reason'....

The Pengi ladies and gentleman.. he'll be here all week, shows at 7 and 9....

QUOTE(Friend Judy @ Sep 12 2006, 02:05 PM) [snapback]239969[/snapback]

I am still unclear on how this plan would in any way cut government spending.


Increase pressure on Congress from the States to reduce the States tax bill...

Currently there is just presure on Congress from the mostly Income Tax payers to reduce their bill which is accomplished by shifting the cost to other Income Tax payers or future tax payers. This way the bill would be immediate and unshiftable...
Samuel Adams
QUOTE(Friend Judy @ Sep 12 2006, 02:05 PM) [snapback]239969[/snapback]

I am still unclear on how this plan would in any way cut government spending.

Congress would have to live within its means as per Article I, Section 8 of the Constitution. Right now, as long as Congress has money pouring in, either by taxing, borrowing, or the FED printing more fiat money, they're going to spend it.

QUOTE(SpaceCowboy @ Sep 12 2006, 02:38 PM) [snapback]239977[/snapback]

I don't doubt that had the plan ben in effect up to now, there would have been less spending at the federal level at least. Implementation at this point would be the problematical part.

I admit that it wouldn't be easy but, on the other hand, the old system was in used until 1913. During that time we became the greatest nation on earth.

QUOTE(arebuntz @ Sep 12 2006, 02:45 PM) [snapback]239979[/snapback]

Increase pressure on Congress from the States to reduce the States tax bill...

Currently there is just presure on Congress from the mostly Income Tax payers to reduce their bill which is accomplished by shifting the cost to other Income Tax payers or future tax payers. This way the bill would be immediate and unshiftable...

It means that the citizens have to pay attention to what goes on in Washington and not only with the scandal du jour.
davis¹³
It would also mean the Bridges to Nowhere or the multi-million dollar medical district we got as a payoff would have to end.



Fiscal responsibility is a laudable goal.



That would be the other end of the equation.
Samuel Adams
QUOTE(davis¹³ @ Sep 12 2006, 03:48 PM) [snapback]240004[/snapback]

It would also mean the Bridges to Nowhere or the multi-million dollar medical district we got as a payoff would have to end.
Fiscal responsibility is a laudable goal.
That would be the other end of the equation.

Exactly.
hunin
QUOTE(Friend Judy @ Sep 12 2006, 01:05 PM) [snapback]239969[/snapback]

I am still unclear on how this plan would in any way cut government spending.


Yupper.

I suspect there may be some starve the beast subplot. wink.gif

~~~~~

QUOTE(Samuel Adams @ Sep 12 2006, 02:07 PM) [snapback]239988[/snapback]

Congress would have to live within its means as per Article I, Section 8 of the Constitution. Right now, as long as Congress has money pouring in, either by taxing, borrowing, or the FED printing more fiat money, they're going to spend it.

I admit that it wouldn't be easy but, on the other hand, the old system was in used until 1913. During that time we became the greatest nation on earth.



No buts about it. Not doable.

Highly debatable. What's 'greatest nation' mean? Greatest for whom?

Not debatable, we were a second string world power.
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