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Old 11-14-2012, 06:16 PM  
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Join Date: Jan 2011
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Deficit/Debt Petition

The secession petition made me aware of the website so I entered my own petition. The petition will be available only from the URL below until it gets the first 150 signatures then anyone visiting the website will be able to peruse and maybe even sign it.

You can view and sign the petition here:

http://wh.gov/X4Oh

Here's some more information about this petition:

Quote:
Stop the doubletalk with respect to the deficit/debt
problem.


The terms deficit and debt are mixed so as to confuse the general public.

For example, to pay down the deficit in a balanced manner leads many to
believe you are addressing the debt. You cannot pay down a deficit you can
only spend less.

So paying down the deficit by four trillion dollars in the next decade in
reality means only that you charged four trillion dollars less. In each of
those ten years the debt would be increasing if the budget is not balanced.

Having those with incomes over $250K pay a little more will not and can not
balance the budget, nor will it reduce the debt.

To amortize the national debt would require over fifty years (and balanced
budgets) if we were to pay an amount on the principal each month equal to the amount required by law to service the debt.
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