- 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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