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Obama destroyed the USA with DEBT
On 7/11/11 7:56 PM, Canuck57 wrote:
On 11/07/2011 1:58 PM, Harryk wrote: On 7/11/11 3:56 PM, Califbill wrote: Reply: Moron? We do not have a revenue problem, we have a spending problem! GO talking points bull****. Nothing more. Actually you have both. Revenue is down as investing in the USA right now carries high inflation, taxation and profitability risk, so much so not many are making money. And inflation decreases the value. So new job creation investment has dried up. You can see this in 2006 tax revenue, today it is 2/3rds of 2006. Than means your average business and personal income is less than 2/3rd in real dollars over 2006. Hey, can't tax the 20% of real unemployed and McJob replacements don't pay much taxes. But it is an Obamanation. Spending, this too. If government can increase spending in one year by a trillion, time to roll it back a trillion. And by borrowing more with tax increases, many businesses are just going to say f'k-it. Did you even graduate from high school? |
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