Joe wrote: My numbers are ballpark, but probably as good as your gambling picks!
$100 Billion for taxing the >250K club
$100 Billion for war spending
$100 Billion Defense cuts
.3T/1.4T= 21.4% off a tad, sorry.
How did you know what kind of tax rate I was talking about?
Heres my numbers
600 billion for taxing the 500+k + club
200 billion for defense and war spending cuts- Who are we afraid of anyway?
800 billion in defense cuts
500 billion by closing corporate loopholes
PROBLEM SOLVED!
Plus a Clinton like surplus...That was easy wasn't it?
Joe wrote: My numbers are ballpark, but probably as good as your gambling picks!
$100 Billion for taxing the >250K club
$100 Billion for war spending
$100 Billion Defense cuts
.3T/1.4T= 21.4% off a tad, sorry.
How did you know what kind of tax rate I was talking about?
Heres my numbers
600 billion for taxing the 500+k + club
200 billion for defense and war spending cuts- Who are we afraid of anyway?
800 billion in defense cuts
500 billion by closing corporate loopholes
PROBLEM SOLVED!
Plus a Clinton like surplus...That was easy wasn't it?
There is only 697 Billion total defense spending, includes 160 Billion for wars.
And don't forget the bargain 228 Billion interest payment, heading soon to 1 Trillion.
Medicare and Medicaid spending growing at probably 8-9%/yr
2Trillion in Trust fund money to be re-paid somehow
Unknown costs of Obamacare
Get out your calculator, or your abacus.
And confiscating all the net worth of the Forbes top 100 probably won't come to 600 Billion, and then its gone for good, consumed.
You really need to study the numbers and growth rates some more VL.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Vice Lord wrote: You've been studieing the numbers huh?
lol I just can't take them seriously, sorry
Well VL, sometimes I wish I didn't know about these numbers. They should scare the hell outta any sane person. They are quite real, and getting worse. And the DC crowd doesn't have a clue. But life goes on happily ever after, for a little while longer. It surely can all be fixed easily by slapping a tax on the rich. NOT! Good luck.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Its true my freind. We're sinking fast into a hole we won't be able to climb out of. It started when Nixon got rid of the gold standard. It continued with 9/11 and then Bush's reactive tax cuts to "stimulate" the economy. The deal was sealed with TARP and the Obama's "stimulus" that didn't stimulate anything. Couple that with the retiring baby boomers and a shrinking workforce and we're screwed. Most of the wealth of this nation has been taken by the top 0.1 %.
TM, there is no doubt in the lopsided distribution of wealth numbers. It is a separate issue though from the governments fiscal problem. Thinking that the wealth distribution can be fixed by taxation is flawed thinking IMO. Jim Rogers once said, if you redistribute all wealth equally, eventually it will flow back to where it originally was. The smart people will invest and grow it, the not so smart will consume it and end up broke again.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
It is not a separate issue - it is the main issue. We are trying to balance an upside down budget on the backs of those without the wealth via SS cuts and Medicare cuts. I don't know about you, but my paycheck reflects a significant "contribution" towards my retirement every couple of weeks via these deductions. That contribution is going to be towards nothing but a bankrupt system. Meanwhile, the wealthy are getting tax cuts because they can afford lobbyists. If 99.9% of America is going to have to give up a portion (at least) of their benefits that they contributed towrds for years, then the dame 0.1% can pony up some money too to balance the budget. Ask yourself where Jim Rogers fell into that breakdown - 0.1% or 99.9%.
Actually there was more revenue brought in because of Bush's tax cuts than there would have been without them, so that argument STILL doesn't hold water.
Joe wrote: My numbers are ballpark, but probably as good as your gambling picks!
$100 Billion for taxing the >250K club
$100 Billion for war spending
$100 Billion Defense cuts
.3T/1.4T= 21.4% off a tad, sorry.
How did you know what kind of tax rate I was talking about?
Heres my numbers
600 billion for taxing the 500+k + club
200 billion for defense and war spending cuts- Who are we afraid of anyway?
800 billion in defense cuts
500 billion by closing corporate loopholes
PROBLEM SOLVED!
Plus a Clinton like surplus...That was easy wasn't it?
There is only 697 Billion total defense spending, includes 160 Billion for wars.
And don't forget the bargain 228 Billion interest payment, heading soon to 1 Trillion.
Medicare and Medicaid spending growing at probably 8-9%/yr
2Trillion in Trust fund money to be re-paid somehow
Unknown costs of Obamacare
Get out your calculator, or your abacus.
And confiscating all the net worth of the Forbes top 100 probably won't come to 600 Billion, and then its gone for good, consumed.
You really need to study the numbers and growth rates some more VL.
:rofl I love VL's fuzzy liberal math that cuts more than we even spend. :rofl Just like Obama trying to count cuts twice to make the health care bill balance. More proof that Liberals should never be in charge of our nations money!