A Quote by Liz Kendall
People's taxes spent on servicing our national debt, instead of funding public services. This isn't just a waste - it's also a risk.
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At the time we were funding our national debt, we heard much about "a public debt being a public blessing"; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture. This paradox was well adapted to the minds of believers in dreams.
Reforming public education, cutting property taxes, fixing adult and child protective services and funding our budget can all occur when Democrats and Republicans engage in consensus and cooperation - not cynicism and combat.
It took the national debt two hundred years to reach $1 trillion. Supply Side Economics quadrupled the national debt to over $4 trillion in twelve years (1980-1992) under the Republicans. Bill Clinton actually paid down the national debt. How did he do it? He raised taxes. It produced the longest sustained economic expansion in U.S. History.
I am for a government rigorously frugal & simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers & salaries merely to make partisans, & for increasing, by every device, the public debt, on the principle of its being a public blessing.
It may be primarily property taxes in the case of a public library, or state taxes and tuition in the case of an academic library at a public university, but the funding sources of most libraries continue to have a strong geographic component.
With 'Poison,' I'm sure some people just hated the movie, but it also got caught up into a debate about arts funding because it was a film that received a National Endowment for the Arts Public Grant, and it won the prize at the Sundance Film Festival.
The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn't want to go bankrupt, people must again learn to work, instead of living on public assistance.
Our budget also reflects key components of our campaign. It's very much focused on stabilizing public services, restoring stability to public services and investing in job creation and economic diversification and, generally speaking, acting as a cushion during this economy, something fundamentally different than what the other parties proposed in the last election.
Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.
Student debt in the US has exploded in the past decade. One of the reason is that the private costs of attending college have risen sharply, with public higher education funding having been cut sharply. Average public funding per student was 15 percent lower in 2015 than in 2008, and 20 percent lower than in 1990. The burden of the public funding cuts has been worsened by the stagnation of average family incomes. By 2014, this figure had nearly doubled, to 35 percent of median household income.
There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back.
Taxes are how we pool our money for public health and safety, infrastructure, research, and services-from the development of vaccines and the Internet to public schools and universities, transportation, courts, police, parks, and safe drinking water.
There's an argument that private debt, in some way, is creating indentured servants in our country. But public debt does not do that. In fact, public debt does the exact opposite - it relieves private debt.
LFC is not servicing debt other than stadium debt.
The Australian Government's decision to take on the dominant funding role for the entire public hospital system is designed to: end the blame game; eliminate waste; and to shoulder the funding burden of the rapidly rising health costs of the future.
If the government announced that it was going to allocate a vast tranche of education funding purely to the pupils at the best public schools, there would be a national outcry - and yet this is precisely what the Olympics represents in terms of sports funding.
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