....it is frightening how much money we are spending. We are already broke..
In addition to the stimulus bill, the President is pushing for another 275 billion for a housing bailout and 634 billion for Medicaid over ten years. There is also more spending on the table.
This spending is "justified" by rosy economic outlooks by the administration.
If the economy doesn't come back strong soon, we will see the United States fall into debt that we can't pay back.
The president rolled out his tax plan upping top tax bracket from 35 to 40 percent. The top 1% will see an increase of almost 20% to the taxes they pay now. With their assets shrinking, what makes you think the people who pay the most in taxes will start spending/investing their money? If you start to eliminate the rich, the taxable revenue decreases, and less money is available.
We are fu.cked if the economy doesn't come back strong in 2010. Talk about gambling with our country's fiscal future.
In addition to the stimulus bill, the President is pushing for another 275 billion for a housing bailout and 634 billion for Medicaid over ten years. There is also more spending on the table.
This spending is "justified" by rosy economic outlooks by the administration.
If the economy doesn't come back strong soon, we will see the United States fall into debt that we can't pay back.
The president rolled out his tax plan upping top tax bracket from 35 to 40 percent. The top 1% will see an increase of almost 20% to the taxes they pay now. With their assets shrinking, what makes you think the people who pay the most in taxes will start spending/investing their money? If you start to eliminate the rich, the taxable revenue decreases, and less money is available.
We are fu.cked if the economy doesn't come back strong in 2010. Talk about gambling with our country's fiscal future.
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