Quote:
Originally Posted by Mike D
Oh let's see; billion dollar "bail outs", tax breaks for the corporations, Ohio class boomer subs, giant artillery pieces which are too large to move to a battle field, a "border" fence, mortgage subsidization, bloated government subsidies, social services run amok, two overseas conflicts, military and social support to regimes not exactly friendly to us...
Where to start?
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I found this graph interesting even though it's from an obviously biased source (although the projections are based on CBO data).
Even if we eliminate the defense spending completely and tax the rich (pick a number over $250K/yr.) 100% of their income we'll still run a deficit as long as entitlement spending can never be touched. And since entitlement spending can never be touched and there aren't enough "millionaires" to tax enough to bring in enough revenue to put a dent in the deficit, that burden will be shifted to those of us that aren't.
We're going to have to pull harder.
