Petition to make corporate business pay off the national debt

The Supreme Court has declared that corporations are people, and they can give as much to campaigns as anybody else. Okay fine, corporations should have to pay taxes at the same rate as any other millionaire. That alone would eliminate the deficit.

It's time for those that have the money to pay up. They made the $16 trillion dollar debt, and they should pay it off. Here's a clue, the poor and the elderly aren't going to pay it off, THEY DON'T HAVE THE MONEY, CORPORATIONS DO!

 

This thread got a lot of responses on another forum. But that one has a lot more cons. There were some libs that were willing to sign the petition, but not that many. If Ralph Nader would have become POTUS, he would have made corporations pay up, and we wouldn't have a national debt today. Too bad only 3% were smart enough to vote for him. Well, ya get what ya vote for.

 

Yeah, good luck with that....

 

You do realize that the rich pay very little in taxes, right?

 

...and corporations pay even less.

 

The ultimate private/corporate business is the Federal Reserve, who are ultimately the ones responsible for the debt. They're the ones printing the money out of nothing.

 

Don't get angry at those who are playing the game. Get angry at those who created the game.

 

Make every elected official ineligible for re-election unless spending is cut and debt payoffs aren't made at the end of every year. Not even GE, Walmart, Starbucks, Nike, Disney, Coca-Cola, and McDonalds all rolled up into one can afford to pay it all off.

 

Yes! hold those fuckers responsible too. That should do the job. Too bad Harry Reid is in bed with them.

 

Almost all of the national debt has been added since 1981. Before that it was less than one trillion dollars. The republicans blame democrats, welfare, Social Security, and healthcare. But it was Raygun that almost tripled the debt with his military build up, and spending on nukes and Star Wars(that never worked). And Shrub daddy doubled the debt again in only four years. And Shrub Jr. doubled it again, adding more than all presidents added together. Those three presidents added $10 trillion to the debt, while claiming to be fiscally responsible. Clinton only added one trillion in his eight years, less than any of the three republican presidents. And he also balanced the budget before he left office, which Shrub Jr. destroyed in less than six months. Obama has added $4 trillion, mostly digging us out of the economic disaster Shrub Jr. made.

Make no mistake, the poor and the elderly didn't make the debt, and they can't pay it off. They don't have the money, CORPORATIONS HAVE IT ALL!

There are no poor people in congress or corporations. THOSE ARE THE ONES THAT MADE THE DEBT, AND THEY SHOULD PAY IT OFF, not future generations.

If you think the Fed is responsible, maybe they should make up one of those magic platinum $16 trillion dollar coins.

 

Reagan

Have any evidence ?

 

rjhangover "The Supreme Court has declared that corporations are people, and they can give as much to campaigns as anybody else."

Interesting, as if it wasn't bad enough that the money supply is controlled by a corporation (The Federal Reserve), that ruling has now rendered it an individual! So....as a corporation does the Federal Reserve pay taxes? Is it, like other corporations covered by the ruling, free to make political contributions? Talk about a conflict of interest! Anyone know?

broony "Don't get angry at those who are playing the game. Get angry at those who created the game."

Well. the people who created the game are long dead so it won't make any difference to get angry with them. It would be a bit like getting angry with Henry Ford over the current air pollution problem. If one wants to improve air quality one must get people to stop driving.... If one wants to improve socio-economic quality one must either get people to stop playing the game or find a way to make the game un-playable. I don't see any significant number of people leaning in the direction of taking that step (not playing the game).... which leaves making the game un-playable as the only remaining course of action. How could that work??

 

this could just all be a barbershop talk

 

If corporations want to be people, then they should have to anti up their fair share, just like the rest of us peasants.

 

More than likely.

Isn't a lot of the debt household/consumer personal debt? Why should business pay for household/consumer debt too?

2012
Household debt climbed $39.4 billion, the first gain in more than a year, to $13 trillion in the second quarter.

 

The administration's stance toward the Savings and Loan industry contributed to the savings and loan crisis.[158] It is also suggested, by a minority of Reaganomics critics, that the policies partially influenced the stock market crash of 1987,[159] but there is no consensus regarding a single source for the crash.[160] In order to cover newly spawned federal budget deficits, the United States borrowed heavily both domestically and abroad, raising the national debt from $997 billion to $2.85 trillion.[161] Reagan described the new debt as the "greatest disappointment" of his presidency.[137]

In 1986, a scandal shook the administration stemming from the use of proceeds from covert arms sales to Iran to fund the Contras in Nicaragua, which had been specifically outlawed by an act of Congress.[224][225] The Iran–Contra affair became the largest political scandal in the United States during the 1980s.[226] The International Court of Justice, whose jurisdiction to decide the case was disputed by the US,[227] ruled that the U.S. had violated international law and breached treaties in Nicaragua in various ways (see Nicaragua v. United States).[228][229]
President Reagan professed ignorance of the plot's existence. He appointed two Republicans and one Democrat (John Tower, Brent Scowcroft and Edmund Muskie, known as the "Tower Commission") to investigate the scandal. The commission could not find direct evidence that Reagan had prior knowledge of the program, but criticized him heavily for his disengagement from managing his staff, making the diversion of funds possible.[230] A separate report by Congress concluded that "If the president did not know what his national security advisers were doing, he should have."[230] Reagan's popularity declined from 67% to 46% in less than a week, the greatest and quickest decline ever for a president.[231] The scandal resulted in fourteen indictments within Reagan's staff, and eleven convictions.[232]
Many Central Americans criticize Reagan for his support of the Contras, calling him an anti-communist zealot, blinded to human rights abuses, while others say he "saved Central America".[233] Daniel Ortega, Sandinistan and president of Nicaragua, said that he hoped God would forgive Reagan for his "dirty war against Nicaragua".[233]




htt Reagan's economic policies resulted in huge budget deficits,[137] a wider gap in wealth, and an increase in homelessness[146] and that the Iran-Contra affair lowered American credibility.[304]
p://en.wikipedia.org/wiki/Ronald_Reagan

4. Reagan's Promises
During his campaign Reagan promised to balance the budget by FY 1983, but on March, 2 1981, Time reports that Reagan changed that to FY 1984. Of course even his FY 1989 was still sending the debt through the roof.
http://zfacts.com/node/97

 

http://www.truthfulpolitics.com/htt...-s-federal-debt-by-president-political-party/

Rather than asking I should probably look for myself first.

 

Good find, Odon. We must also take into account the make-up of Congress during each President's term because, as we have seen, Congress really holds the purse strings. For example, during the Reagan years, the Democrats controlled the House for the entirety of both his terms and the Senate for the half of the second.

 

Funny, but when I looked on 31 December 2012 the debt was $16,350,831,004,020.26 - looks like a nearly $5 trillion payment was made that I'm unaware of. Close enough for government accounting, I guess.