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#1
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posted to rec.boats
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On Thu, 6 Apr 2017 07:07:44 -0700 (PDT), True North wrote:
Poco Deplorevole On Wednesday, April 5, 2017 at 2:36:51 PM UTC-4, True North wrote: Because none of y'all want to pay your fair share of taxes necessary to finance your high living style. "Actually, Don, it's your BFF handler who doesn't pay his fair share of taxes. I suppose that's to whom your comment was directed, yes?" Wrong again, Johnny. I'm speaking about the country in general. It's irresponsible to keep pushing the debt over to your grandchildren. Well, if the country in general doesn't pay enough taxes, what would you say about a deadbeat who cheats on his taxes? They would be pretty low, eh Donnee? Oh, and before you cast too many stones, check out your own problems: "Budget deficits and increasing debt are key fiscal issues as the federal and provincial gov- ernments prepare to release their budgets this year. Combined federal and provincial net debt has increased from $834 billion in 2007/08 to a projected $1.3 trillion in 2015/16. This com - bined debt equals 64.8% of the economy or $35,827 for every man, woman, and child living in Canada. " https://www.fraserinstitute.org/site...anada-2016.pdf |
#2
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posted to rec.boats
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On Thu, 06 Apr 2017 10:58:33 -0400, Poco Deplorevole
wrote: On Thu, 6 Apr 2017 07:07:44 -0700 (PDT), True North wrote: Poco Deplorevole On Wednesday, April 5, 2017 at 2:36:51 PM UTC-4, True North wrote: Because none of y'all want to pay your fair share of taxes necessary to finance your high living style. "Actually, Don, it's your BFF handler who doesn't pay his fair share of taxes. I suppose that's to whom your comment was directed, yes?" Wrong again, Johnny. I'm speaking about the country in general. It's irresponsible to keep pushing the debt over to your grandchildren. Well, if the country in general doesn't pay enough taxes, what would you say about a deadbeat who cheats on his taxes? They would be pretty low, eh Donnee? Oh, and before you cast too many stones, check out your own problems: "Budget deficits and increasing debt are key fiscal issues as the federal and provincial gov- ernments prepare to release their budgets this year. Combined federal and provincial net debt has increased from $834 billion in 2007/08 to a projected $1.3 trillion in 2015/16. This com - bined debt equals 64.8% of the economy or $35,827 for every man, woman, and child living in Canada. " https://www.fraserinstitute.org/site...anada-2016.pdf 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. |
#4
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posted to rec.boats
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![]() - 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. |
#5
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posted to rec.boats
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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~~ |
#6
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posted to rec.boats
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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. |
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