Quote:
Originally Posted by cobra bill
Well maybe it depends on the news sources we use, if all you watch and listen to is the republican Pravda, i.e. foux news, then there may be a difference in what economist are saying.
and yes it will need to be paid for by taxes, Jefferson vehemently fought for a 90% tax rate on the richest people, to avoid aristocracies and people having so much power that they could literally change the course of the country, I would argue they have achieved that objective.
I will admit 90% is too high, but 70% or pre- Reagan tax cuts would work to pay back what they have stolen from us, sure you can blame this on failed mortgages, but that was a drop in the bucket, it was 31% returns on high risk investments using our money, i.e. 401k and other retirement investments to finance their risky behavior.
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How about MSNBC? Are they a Republican Pravda, or are they a Democrat lying Whore? Even you HAVE to say they are at the very least, NOT ANTI Administration. I'd say they are pro Obama to the point that truth will not effect their conclusions if that truth is 'inconvenient!"
You can find on the Msnbc site that the National Debt is now at $10,900,000,000,000.00 AND CLIMBING.
That should tell you all there is to know about how the Government runs a business.
($10.9 TRILLION) in the hole, is the long term results of their financial "wisdom".
Is there a business that is $10.9 Tril. in the red that you would buy into?
We both know that answer is no!
But the US Gov't. "business" is always grossly understated. The $10,900,000,000,000.00 is only the AMOUNT PAST DUE. And does not include INTEREST.
NOR does it include, and this is the worst, ACCOUNTS PAYABLE, estimated to be at LEAST, over another $12. Trillion. So the Gov't 'business' is actually over $23 trillion 'out of trust' as a business entity. This is the kind of outfit you look to for "BUSINESS ANSWERS?"
Dan