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BigV · 09-30-2011, 01:31 PM

Yep. Good point. We can't solve our debt problem easily, quickly, painlessly or with the effort of one wave of a magic wand.

Let's look at your example another way. Let's say we double the taxes, double the rate of collection. And we don't pay for ANY current expenditures. We suspend our debt payments, we stop paying all the federal workers, including the military. Still we'd need to furlough them for FIVE YEARS. It is a big, big problem.

Maybe we'll change the math in our favor with growth, the magic golden goose that made the delusion of the past decade easier to maintain. It will help.

Lots of REVENUE POSITIVE changes need to be made. I don't really care what the rate is. Nobody cares what the rate is, but everybody notices the number. I'm in favor of changing the number to *anything* if the effect is an INCREASE in the federal revenue.

There are other changes that can be made of course, like a reduction of federal expenses. No, I don't have one in mind. And any that is offered up to be sacrificed will be SOMEONE'S sacred cow.

Some links to make you cry:

http://endoftheamericandream.com/arc...our-blood-boil

http://www.ctj.org/ctjreports/2011/0...24_billion.php

09-30-2011, 01:31 PM	#11
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	Yep. Good point. We can't solve our debt problem easily, quickly, painlessly or with the effort of one wave of a magic wand. Let's look at your example another way. Let's say we double the taxes, double the rate of collection. And we don't pay for ANY current expenditures. We suspend our debt payments, we stop paying all the federal workers, including the military. Still we'd need to furlough them for FIVE YEARS. It is a big, big problem. Maybe we'll change the math in our favor with growth, the magic golden goose that made the delusion of the past decade easier to maintain. It will help. Lots of REVENUE POSITIVE changes need to be made. I don't really care what the rate is. Nobody cares what the rate is, but everybody notices the number. I'm in favor of changing the number to anything if the effect is an INCREASE in the federal revenue. There are other changes that can be made of course, like a reduction of federal expenses. No, I don't have one in mind. And any that is offered up to be sacrificed will be SOMEONE'S sacred cow. Some links to make you cry: http://endoftheamericandream.com/arc...our-blood-boil http://www.ctj.org/ctjreports/2011/0...24_billion.php __________________ Be Just and Fear Not.