BoatBanter.com - View Single Post - We Will All Go Down With the Ship- Metaphorically Speaking

Wayne.B

On Sat, 25 Aug 2012 10:47:24 -0400, wrote:

On Sat, 25 Aug 2012 09:15:15 -0400, iBoaterer wrote:

Yeah, we should make the poor taxed more to support the U.S........

Anyone making the median income probably does not pay any income tax.
They are certainly in the low single digits.
Everyone should be paying more

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We'll have to if the government maintains its current spend rate, and
there is no sign of that coming down right away. Otherwise the debt
load will get top heavy and topple. That's what always happens. The
Fed can go on and print more money but it will become worthless for
international trade, and eventually worthless here also. There's a
good chance we'll be in World War III by then so there will be plenty
of excuses to impose austerity measures like rationing, sell Liberty
Bonds, etc.

Fasten your seat belts.