On Thu, 6 Apr 2017 12:41:20 -0700 (PDT), True North wrote:


- show quoted text -
"The Canadians are still doing better than us.
I posted this a few days ago but the fact is we would need a 30%
across the board surcharge on all income tax revenues to balance the
budget. There is no "spending cut" that would do this or even get
close since 100% of the revenue goes to entitlements and interest on
the debt.
That interest averages around 3% but a lot of that is just bookkeeping
tricks that make SS/MC look better (intra governmental transfers). The
actual interest to 3d parties is more line 1.5%. It would not take
much of an interest hike to make the debt load disastrous."



Thank God there are still some Americans who understand what is required to restore sanity. Trouble is, you're probably grossly outnumbered.

I noticed you skipped the post showing how much you folks are passing to your grandkids.

~~SNERK~~

On Thu, 06 Apr 2017 17:04:02 -0400, Poco Deplorevole
wrote:

On Thu, 6 Apr 2017 12:41:20 -0700 (PDT), True North wrote:


- show quoted text -
"The Canadians are still doing better than us.
I posted this a few days ago but the fact is we would need a 30%
across the board surcharge on all income tax revenues to balance the
budget. There is no "spending cut" that would do this or even get
close since 100% of the revenue goes to entitlements and interest on
the debt.
That interest averages around 3% but a lot of that is just bookkeeping
tricks that make SS/MC look better (intra governmental transfers). The
actual interest to 3d parties is more line 1.5%. It would not take
much of an interest hike to make the debt load disastrous."



Thank God there are still some Americans who understand what is required to restore sanity. Trouble is, you're probably grossly outnumbered.

I noticed you skipped the post showing how much you folks are passing to your grandkids.

~~SNERK~~

The whole "1st" world is wallowing in debt. That will be the crash
that brings down civilization as we know it and it may not be that far
off.