Wednesday, November 7, 2012

Article: I apologize for what you’re about to read

sovereignman
  • It doesn’t matter how much they increase tax rates– they won’t collect any more money.
  • Bottom line, the US government is legally bound to spend more money on mandatory entitlements and interest than it can raise in tax revenue. It won’t make a difference how high they raise taxes, or even if they cut everything else that remains in government as we know it.

Comment:

Yes, I think it is true.  All that Obama has achieved is get himself re-elected captain of the Titanic.  The iceberg was hit a long time ago.  The ship is going down.

Can't resist the phrase:  California here we come!

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