United States Constitution (from wiki) Section 8 The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow money on the credit of the United States; To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes; To establish a uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States; To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States; To establish Post Offices and Post Roads; To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries; To constitute Tribunals inferior to the Supreme Court; To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations; To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water; To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years; To provide and maintain a Navy; To make Rules for the Government and Regulation of the land and naval Forces; To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions; To provide for organizing, arming, and disciplining the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress; To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings; And To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof. On 15/3/2008 11:40 AM, Edmund Storms wrote: > It gets worse. The administration has not only made government bigger, > they have made government part of the free enterprise system by printing > money to keep large financial institutions from failing. This means that > the lose will be shared by everyone who holds dollars. In other words, > currency debasement is used to save an incompetent part of the > capitalistic system. In the past when its currency was debased by a > country, the government made no pretense about free enterprise. Only in > the US has the Bush administration found a way to fool the tax payers > into believing this is a natural and necessary part of free enterprise. > We are such fools! > > Ed > > R C Macaulay wrote: > >> Lets see if I have this straight in my mind.. Bear Stearns is an >> investment bank.. not a bank, so they cannot borrow money from the Fed. >> JP Morgan-Chase is a bank.. so JP borrowed 15 bil and change from the NY >> Fed and loaned it to Bare nekid because it's " too big to fail". >> Translation.. when there is $ 550 trillion dollars in funny money ( >> derivitives) in play out there in the great game, us good ole boys need >> to stick together of somebody's gonna thinks wez a bunch of crooks. >> Richard >> >> >>>> >>>> The USA has operated under the Keynesian economic model since FDR. >>>> This model ,as in all pyramid schemes, anticipates a sustained gravy >>>> train with biscuit wheels economy where everything purchased >>>> yesterday will be paid for in tomorrows dollars.... well.. err.. >>>> until.. there is no tomorrow. >>> >>> >> Thomas wrote, >> >>> It's the mother of all pyramid schemes. John Kenneth Galbraith was a >>> student of John Maynard Keynes, and a member of ,That Awful Man in the >>> White House's brain trust. Someone pointed out that his economic ideas >>> wouldn't work in the long run. Galbraith's reply was, "in the long run >>> we will all be dead." Galbraith died a few months back, his scheme out >>> lived him. >>> >>> The deterioration of the US economy is following an exponential curve. >>> With the rejection of the US dollar by oil producing countries, this >>> deterioration has now gone into the straight up portion of the curve. >>> It has been prophecized that a new source of energy will emerge in the >>> next 5 months, which will allow America to balance it's trade deficit. >>> Yah, Yah, and my pig plays the flute. >>> >>> >> >> >
