Quote:
Originally Posted by artisan4
You mean by initiating tax cuts for the wealthy and starting a war with Iraq?
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They weren't tax cuts for the wealthy now where they because if they were then you shouldn't have anything against allowing them to expire. Instead, you want to keep the majority of the tax cuts and let the ones on the top 3% expire.
I got news for you. You have a humungous train heading your way and taxing just the rich isn't going to do it.
You'll have -- unless congress prolongs your pain -- a 30.8% reduction to Medicare payments to doctors. You have OADI and HI trust funds becoming exhausted (thanks to Obama's payroll tax cut) at right near the end of Obama's second term.
By 2025 you'll need to come up with an extra $233 billion each and every year for pretty much forever as far as your capacity will let you think ahead. That means that in 2026 you'll need $466 billion in new revenue. In 2027 you'll need $700 billion in new revenue. In 2028 you'll need $933 billion in new revenue. Each year after that you'll have to raise an extra $233 billion... And that's just to pay for OASDI and HI.
Your CBO is predicting that your GDP will be $49 trillion in 2035. It's also predicting that the average income will be $127,000 year. No don't tell me you think that will be a real bona fide increase in real GDP because that would be silly. What they're predicting is that basically your dollar will be worth a tiny fraction above a 1/3rd of what it is now. That means that since the enactment of the Federal Reserve act $1 in 1913 will then be worth $.01 in 2035.
Aw, screw it, who cares... You'll completely ignore this and move to the next thread where you'll scream about more freebies and handouts and how the republican party will be on the ash heap of history if they don't learn to give out more freebies and handouts.
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