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	<title>Comments on: America’s Uncontrolled Debt and Spending is the Real ‘Waterloo’</title>
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		<title>By: Arkanabar Ilarsadin</title>
		<link>http://catholicexchange.com/2009/10/24/122911/comment-page-1/#comment-43520</link>
		<dc:creator>Arkanabar Ilarsadin</dc:creator>
		<pubDate>Sun, 25 Oct 2009 12:25:05 +0000</pubDate>
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		<description>The problem is the fungibility of money.  If you pay down the principal of the federal government, an immoral Congress will divert the funds they had budgeted for that to other things.</description>
		<content:encoded><![CDATA[<p>The problem is the fungibility of money.  If you pay down the principal of the federal government, an immoral Congress will divert the funds they had budgeted for that to other things.</p>
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		<title>By: PrairieHawk</title>
		<link>http://catholicexchange.com/2009/10/24/122911/comment-page-1/#comment-43513</link>
		<dc:creator>PrairieHawk</dc:creator>
		<pubDate>Sat, 24 Oct 2009 17:51:16 +0000</pubDate>
		<guid isPermaLink="false">http://catholicexchange.com/?p=122911#comment-43513</guid>
		<description>However it gets structured, the point is that the only way we&#039;re going to close the deficit and repay the national debt is by generating more wealth. Wealth in our world comes out of the ground, in the form of oil, trees, gold, and such things. Then people earn money by reshaping these natural resources into things that people can use, and others earn money by selling these things. But the money comes out of the ground, and if you need more money to pay your bills, you have to earn more by extracting more, manufacturing more, and selling more. My understanding of economics is not perfect but I think I&#039;ve captured the essence of what needs to be done.

There is precedent. Poor, developing countries in places like Africa have made it a matter of national pride to pay down the debt they owe to creditor nations like ourselves. I remember reading about one such country (I think it was Liberia) where paying extra money to the government for debt reduction was a way of life.

Like I said, firing Washington is an important part of the solution. Installing citizen-legislators who come from ordinary walks of life (not just attorneys), who know what it is to earn a paycheck from their labor, and who can govern with common sense, is hugely important.

Do I think any of this will really happen? No. I actually think we&#039;re sunk. If we as a nation are unwilling (and we are unwilling) to take matters into our own hands to secure the future for our children and grandchildren, the way our Founding Fathers did, then I don&#039;t believe there&#039;s anything left to save. All we can do now is watch the final act slowly play itself out on the national stage, and keep praying because we need a Savior. Fortunately for all of us, we have one.</description>
		<content:encoded><![CDATA[<p>However it gets structured, the point is that the only way we&#8217;re going to close the deficit and repay the national debt is by generating more wealth. Wealth in our world comes out of the ground, in the form of oil, trees, gold, and such things. Then people earn money by reshaping these natural resources into things that people can use, and others earn money by selling these things. But the money comes out of the ground, and if you need more money to pay your bills, you have to earn more by extracting more, manufacturing more, and selling more. My understanding of economics is not perfect but I think I&#8217;ve captured the essence of what needs to be done.</p>
<p>There is precedent. Poor, developing countries in places like Africa have made it a matter of national pride to pay down the debt they owe to creditor nations like ourselves. I remember reading about one such country (I think it was Liberia) where paying extra money to the government for debt reduction was a way of life.</p>
<p>Like I said, firing Washington is an important part of the solution. Installing citizen-legislators who come from ordinary walks of life (not just attorneys), who know what it is to earn a paycheck from their labor, and who can govern with common sense, is hugely important.</p>
<p>Do I think any of this will really happen? No. I actually think we&#8217;re sunk. If we as a nation are unwilling (and we are unwilling) to take matters into our own hands to secure the future for our children and grandchildren, the way our Founding Fathers did, then I don&#8217;t believe there&#8217;s anything left to save. All we can do now is watch the final act slowly play itself out on the national stage, and keep praying because we need a Savior. Fortunately for all of us, we have one.</p>
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		<title>By: anitamarie</title>
		<link>http://catholicexchange.com/2009/10/24/122911/comment-page-1/#comment-43510</link>
		<dc:creator>anitamarie</dc:creator>
		<pubDate>Sat, 24 Oct 2009 16:53:44 +0000</pubDate>
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		<description>Prairie Hawk:  I hope you were joking about a 44 hour work week.  Most people already work more than that without overtime.  Also, what makes you think these people in Washington would stop incurring debt?  Even if you did fire them all, it would just start all over again with the next batch.  Americans themselves don&#039;t even live within their means for the most part, why would the government?</description>
		<content:encoded><![CDATA[<p>Prairie Hawk:  I hope you were joking about a 44 hour work week.  Most people already work more than that without overtime.  Also, what makes you think these people in Washington would stop incurring debt?  Even if you did fire them all, it would just start all over again with the next batch.  Americans themselves don&#8217;t even live within their means for the most part, why would the government?</p>
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		<title>By: PrairieHawk</title>
		<link>http://catholicexchange.com/2009/10/24/122911/comment-page-1/#comment-43509</link>
		<dc:creator>PrairieHawk</dc:creator>
		<pubDate>Sat, 24 Oct 2009 15:12:14 +0000</pubDate>
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		<description>Here&#039;s an idea I had that is sure to be controversial. How about we citizens take responsibility for the debt, and voluntarily start working a 44-hour week, with the extra hours going to close the deficit and eventually pay down the debt? We wouldn&#039;t stop until the debt was $0. It could take a generation or more but as I have learned in my own life, the only way to generate money is to work for it. Accounting tricks, borrowing, and other shady tactics that our government employs only make matters worse. Part of the package, of course, would be us firing every single Congressman and the President, imposing strict term limits, and going back to the &quot;citizen-legislator&quot; model of past years, when our lawmakers were small business owners, farmers, and other ordinary people. It would all be very hard, but if we have the will, I think it could work.</description>
		<content:encoded><![CDATA[<p>Here&#8217;s an idea I had that is sure to be controversial. How about we citizens take responsibility for the debt, and voluntarily start working a 44-hour week, with the extra hours going to close the deficit and eventually pay down the debt? We wouldn&#8217;t stop until the debt was $0. It could take a generation or more but as I have learned in my own life, the only way to generate money is to work for it. Accounting tricks, borrowing, and other shady tactics that our government employs only make matters worse. Part of the package, of course, would be us firing every single Congressman and the President, imposing strict term limits, and going back to the &#8220;citizen-legislator&#8221; model of past years, when our lawmakers were small business owners, farmers, and other ordinary people. It would all be very hard, but if we have the will, I think it could work.</p>
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