Thread: Neither Musk nor Vivek proposes a remedy to deal with Congress's annual deficits+

It seems that both Elon Musk and Vivek Ramaswamy are well meaning. But finding ways to cut existing wasteful federal spending, which seems to be their primary objective, does nothing to correct the root cause which has allow Congress to accumulate a national debt of $222 TRILLION, which includes unfunded debt liabilities.


That root cause is, there is no structural mechanism into our constitution, or ordinary legislation, which requires Congress to extinguish a current year’s deficit the following year brought on by reckless spending and borrowing, nor any rule which encourages each State’s Congressional Delegation, while in Washington, D.C., to adopt sound fiscal policies to avoid having to borrow to meet a current year's necessities.


The sad truth is, Congress has proven it is incapable or unwilling to act fiscally responsible, has plundered the U.S. Treasury of untold $Trillions during the past thirty years or so, which find their way into the pocket of political campaign donors, or simply fattens the fortunes of Washington’s inner circle friends, here and abroad, and has gone far beyond spending for the United States’ common defense and general welfares specified list of particulars found beneath Article 1, Section 8.


And that is exactly why we need to add a structural mechanism into our rule of law system, which not only encourages each State’s Congressional Delegation to adopt sound fiscal policies while in Washington, D.C,, but is also designed to extinguish an annual deficiency from revenue raised during the course of a fiscal year from imposts, duties and excise taxes (Congress’s normal means of raising a federal revenue) and Congress borrows to meet its expenses.


One such proposal is, the Fair Share Balanced Budget Amendment, (see HERE for particulars) which ought to be considered as it does not put any limits on the amount of revenue Congress may raise, it does not cut any spending whatsoever, but merely requires an enforcement of what our Founders intended as found in various state Ratification documents of our Constitution, e.g. see the Ratification of the Constitution by the State of Massachusetts; February 6, 1788:


”Fourthly, That Congress do not lay direct Taxes but when the Monies arising from the Impost & Excise are insufficient for the publick exigencies nor then until Congress shall have first made a requisition upon the States to assess levy & pay their respective proportions of such Requisition agreeably to the Census fixed in the said Constitution; in such way & manner as the Legislature of the States shall think best, & in such case if any State shall neglect or refuse to pay its proportion pursuant to such requisition then Congress may assess & levy such State’s proportion together with interest thereon at the rate of Six per cent per annum from the time of payment prescribed in such requisition…”


And there you have it, folks. Our Founder’s remedy__ currently promoted as The Fair Share Balanced Budget Amendment ___ a remedy which requires, upon the creation of a federal deficit funded by borrowing, that each State’s Congressional Delegation is to return to their own state with a bill in hand for their State to pay out of its own treasury an apportioned share to extinguish that deficit, at which time a shocking moment of real accountability is created, when the people of each state and their State Legislature and Governor, quickly learn, there is no free lunch coming from Washington.


For those interested in the first time this apportioned direct tax was used by Congress and each state’s share of the tax, including the particulars in raising the tax, see: Chap. LXXV. An Act to lay and collect a direct tax within the United States, July 14, 1798


As Thomas Jefferson cautiously warned, "In matters of power let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution.” ... Thomas Jefferson’s Fair Copy of the Kentucky Resolutions of 1798


When will one of our members of Congress, or even President-elect Trump, propose a structural mechanism under rule of law, requiring an annual deficit is to be extinguish the following year?


Why is there such resistance to deal with this pressing matter which is a ticking time bomb for our children and grandchildren if left unattended to, and is partly our creation?


JWK


We are here today and gone tomorrow, but what is most important is what we do in-between and is what our children will inherit and remember us by.

Didn't they campaign on just this key point?

Guess I missed something

$222 Trillion?

One million seconds is about 11 and a half days.
One billion seconds is about 32 years.
One trillion seconds is 32,000 years

Therefore, 222 trillion x 32,000 years = 7,104,000 years

Paying back is out of the question.

Originally Posted by GaiaGoddess

Didn't they campaign on just this key point?

Guess I missed something

$222 Trillion?

One million seconds is about 11 and a half days.
One billion seconds is about 32 years.
One trillion seconds is 32,000 years

Therefore, 222 trillion x 32,000 years = 7,104,000 years

Paying back is out of the question.

Well, at this point in time, and before we are over the cliff and falling, there is a logical choice which ought to be made, and pronto!

Requiring a current year’s deficit to be immediately extinguished the following year, as proposed under the Fair Share Balanced Budget Amendment, at a minimum would put on the brakes and stop Congress from recklessly adding to our national debt, and before we are over the cliff and falling.

.
The gross domestic product of the United States is about $27360.94

Total annual interest on the United States debt is about $1TRILLION


While DOGE is focused on a symptom which is reckless spending, our national debt, including unfunded debt liabilities, is exploding beyond figures ever recorded in any nation's history.

Requiring a current year’s deficit to immediately be extinguished the following year, as proposed under the Fair Share Balanced Budget Amendment, at a minimum would effectively put on the brakes and stop Congress from recklessly adding to our national debt.

See Musk 'terrified' by $36 trillion US national debt

Musk, alongside fellow billionaire Vivek Ramaswamy, has been tasked by the President-elect with addressing the country's surging debt. On November 12, Donald Trump announced that the two would serve as co-heads of the Department of Government Efficiency (DOGE), a newly created entity focused on reducing government expenditures, slashing regulations and enacting cost-cutting initiatives throughout the federal government.

The question is, has Elon Musk or Vivek Ramaswamy ___ our DOGE team leadership ___ ever commented on adopting a federal balanced budget amendment? I can't seem to find any such quotes.

I'm really curious if either has made such comments. If not, I wonder why considering the ability of Congress to add, year after year to our national debt without consequences seems to be the root cause of the symptoms these two have been assigned to deal with. Why ignore the root cause and only deal with the symptoms?

What say you?

Originally Posted by johnwk

The question is, has Elon Musk or Vivek Ramaswamy ___ our DOGE team leadership ___ ever commented on adopting a federal balanced budget amendment? I can't seem to find any such quotes.

I'm really curious if either has made such comments. If not, I wonder why considering the ability of Congress to add, year after year to our national debt without consequences seems to be the root cause of the symptoms these two have been assigned to deal with. Why ignore the root cause and only deal with the symptoms?

What say you?

Abolish the Federal Reserve Bank in the US!

Don't pay the illegal interest payments from Day 1 of the Fed issuing our money beginning in 1913, and get back all of our money illegally paid to them or seize their properties! This has been a heist of epic proportions! We don't owe a bunch of Private Bankers this money!

There is a long list, but we need to correct the initial wrongs first.

Originally Posted by GaiaGoddess

Abolish the Federal Reserve Bank in the US!

Don't pay the illegal interest payments from Day 1 of the Fed issuing our money beginning in 1913, and get back all of our money illegally paid to them or seize their properties! This has been a heist of epic proportions! We don't owe a bunch of Private Bankers this money!

There is a long list, but we need to correct the initial wrongs first.

One of the initial wrongs is when Federal Reserve Notes first carried the following "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE" (creating an unconstitutional money monopoly), which is exactly what our founders intended to forbid.

For those who are not familiar with our founder’s specifically stated intentions, here is what transpired during the convention with regard to bank notes being made a legal tender. SEE The Debates in the Federal Convention of 1787, reported by James Madison : August 16


Mr. Govr. MORRIS moved to strike out "and emit bills on the credit of the U. States"-If the United States had credit such bills would be unnecessary: if they had not, unjust & useless.


Mr. BUTLER, 2ds. the motion.

Mr. MADISON, will it not be sufficient to prohibit the making them a tender? This will remove the temptation to emit them with unjust views. And promissory notes in that shape may in some emergencies be best.


____ cut _____



Mr. READ, thought the words, if not struck out, would be as alarming as the mark of the Beast in Revelations.


Mr. LANGDON had rather reject the whole plan than retain the three words "(and emit bills")

On the motion for striking out
N. H. ay. Mas. ay. Ct ay. N. J. no. Pa. ay. Del. ay. Md. no. Va. ay. [FN23] N. C. ay. S. C. ay. Geo. ay.

[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

The irrefutable fact is, our founding fathers intended the market place, and only the market place, to determine what notes, if any, were safe and proper to accept in payment of debt, and they specifically chose to forbid folks in government to make a particular bank note, or any “note”, a legal tender, which if allowed would literally force people and business owners to accept worthless script in payment of debt.

As a matter of fact, one of the delegates to the Convention of 1787 who helped frame our Constitution who lived in Connecticut was defrauded by a legal tender law made in Rhode Island which required him to accept worthless script in payment of debt. As one of the delegates to the Convention Rodger Sherman was quite influential in prohibiting our government to emit bills on the credit of the United States and likewise prohibiting folks in government making notes of any kind a legal tender in payment of debt!

To learn how Roger Sherman was defrauded see his work titled: A Caveat Against Injustice … An inquiry into the evils of a fluctuating medium of exchange.


And, the question is, how is it not a crime for our Treasure of the United States and Secretary of the Treasury to sign Federal Reserve Notes which declare on their face “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE“? Should they not be charged with misfeasance and malfeasance in addition to complicity with a privileged banking institution who defrauds the public with unconstitutional Federal Reserve Notes?


JWK


"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

Thanks for your excellent research and comments on the Federal Reserve!

Getting back to the subject of the thread . . .


Is it not a self-evident fact that requiring Congress to immediately pay a current year’s debt created by Congress’s borrowing the following year would effectively end adding to our national debt?


I am astonished to realize the above mentioned root cause of our national debt increasing year after year has not been mentioned by the DOGE team. I wonder why they have not focused in on the root cause. There appears to be something fishy going on. Why focus on the symptoms and not the cause?

JWK

When violent hate America demonstrations occur in the U.S. (as they now are) and terrorist attacks begin on American soil, also now occurring, let us not forget it was the current Democrat Party Leadership who encouraged and invited millions upon millions of poverty-stricken, poorly educated, low-skilled, diseased, disabled, criminal, un-vetted terrorist and religious fanatic foreign nationals, into our country.