Debt Relief – Insolvency – Bankruptcy Information » Uncategorized » More taxes to save US from bankruptcy?
More taxes to save US from bankruptcy?
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Filed under: Uncategorized · Tags: Bankruptcy Info, from, More, Save, Taxes
Raising taxes creates economic growth in a way any intelligent & informed person would understand. Taxes fund public education, higher education, scientific research such as medicine, technological development such as the internet, regulatory agencies that ensure such things as food safety & beneficial business practices like Glass-Steagall, & infrastructure such as roads, bridges & clean water.
Do what the republicans plan on doing and buy heavily into the market when it gets shocked lower. The whole thing does sound like a deliberate attempt to manipulate the stock market, and knowing that, playing their game with them will prove quite profitable.
2.2 trillion income
3.8 trillion expenses
14.3 trillion debt.
That is like a person making 40,000 Dollars a year, spending 69,000 Dollars per year having 260,000 Dollars of debt.
Now consider the US economy is weak and will probably soon need bailouts again. Then the EU is nearly broke, too and China is getting bigger and bigger.
So figure our fictional person is about to be fired and an asian dude is applying for his job.
I wouldn’t want to be in his shoes.
Because the Gold is not there for this purpose. Gold is there so if the whole thing goes down the toilet they can still pay soldiers to protect their asses. Or maybe if there is a hyper inflation and the Gold price increases by the factor 30 as a result of this it will suffice to pay of all the national debt.
The deficit started a long time ago but it wasn’t until Bush when people started getting worried about it. I’m not a professional but anyone can see that we are going nowhere.
It’s absolutely crazy how much money has been invested into American assets.
Personally, I think spending nearly 1/4 of our GDP on so called “defense” while at the same time cutting funding for research, education, etc is fiscally irresponsible, at best.
OBAMA, act quickly, where is the change you ******?