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On 22/02/2011 9:14 PM, bpuharic wrote:
On Tue, 22 Feb 2011 19:22:08 -0700, wrote: On 22/02/2011 5:37 PM, bpuharic wrote: On Mon, 21 Feb 2011 15:18:33 -0700, wrote: which, i suppose, is why the GOP cut the capital gains tax on the rich and threw the economy into recession For what difference it will make? Come now. You would have a better chance saving the Titanic with bubble gum. Government has to slash at least 50% of its gross spending at a minimum, and that may not be enough. or they could restore the bush tax cuts...taht would elminate AOT of the deficit since those cuts are the single largest component of the deficit Would not even come close. You could litterally double EVERYONE'S income tax and DC would still run a deficit. In the end, one way or another expect massive Greece/Ireland/Iceland types cuts. They are coming. Warren Buffet and Bill Gates combined after taxes total wealth wouldn't keep Obama running the government for just 5 weeks. Debt is so bad in DC, bankruptcy is now inevitable. Yep, liberalism in debt and currency mismanagement screwed the cat dead. Think, Obama now debt spends more dollars than America uses in sheets of toilet paper. Quite literally. Obama and the Democrats bankrupted the USA. -- Socialism is a great ideal as long as someone else pays for it. And when no one is left to pay for it, they all can share nothing. |
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