Contract with America: 2012

#30
#30
Rasputin_Vol said:
1. Close our border and enforce existing immigration laws
2. Do away with the Federal Reserve
3. Aggresively cut foreign aid
4. Build more nukes, more refineries, more drilling, more coal
5. Term limits
6. Eliminate income tax on holiday/vacation/overtime pay and tips/gratuities
7. Allow people to opt out of Social Security
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:good!:

Add to #4; end all ethanol fuel mandates and subsidies immediately.

Why Ethanol Subsidies And Mandates Are A Bad Idea For America

The is NOT ONE rational reason for the EPA ethanol mandates.







BigPapaVol said:
why does it need a constitutional provision to exist? There's no provision for the FAA either, but clearly a need.

I'll assure you that it's no collection of large private entities, in name or in form. It might use large banks in its manipulation of the M1 and M2, but the Fed itself isn't private.
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It would need a constitutional provision because the constitution mandates that congress is responsible for issueing money, not some private international financial organization. BTW, wouldn't the FAA qualify under the commerce clause?

The Fed itself is privately owned, all stock is privately held and not sold since 1914.

If the BIS is NOT the central headquarters for a collection of large private entities, just what is it?
 
#36
#36
TruthIsOutThere said:
Doesn't mean we should make a blanket exemption...
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Why not? It's just tips. Not like the govt is going to go broke because tips werent taxed. Plus, some restaurants have tip share. Some waitresses/servers actually lose money coming to work (though not often) because the tips they have to report is based on total sales they made that day.
 
#40
#40
droski said:
the fed is one of the primary reasons why the united states has been a superpower the last 80 years.
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That's a bit of a stretch, but the Fed has certainly has been a steadying hand on the economy, the last decade not withstanding.

From the end of the Civil War until the Fed was created, the U.S. was continually fluctuating back and forth between boom/bust cycles, it seemed.

Recessions in the last 100 years have been less frequent/milder.
 
#45
#45
UTRavens said:
Okay. How does that make things better? What's the benefit from cutting off funding altogether?
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As PKT said, not the government's role.

As to the benefit to cutting off funding - the taxpayers will be spared one of countless unnecessary expenses.
 
#46
#46
Why do we need more nukes? We already have enough to destroy the world for the most part (5100 according to what I've read). I don't really see the point.
 
#49
#49
Rasputin_Vol said:
Why not? It's just tips. Not like the govt is going to go broke because tips werent taxed. Plus, some restaurants have tip share. Some waitresses/servers actually lose money coming to work (though not often) because the tips they have to report is based on total sales they made that day.
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In the case of servers, they only get paid $2.50/hr. If tips aren't taxed then why bother taxing them at all? Why should a server at olive garden be taxed less than the burger flipper at McDonalds?
 
#50
#50
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