Originally posted by camaro68ss
collected 2010 - $2.16 trillion (18.3% of GDP)
What about Italy, Spain, and Greece? They tax the rich, they don’t have wars and have all the handouts and entitlements you could imagine. How’s
that working out? Did you know if you liquidated all of the nations assets, 78 Trillion dollars worth, you still would not cover the unfunded
liabilities and national debt. So answer my one thing, how is taxing the rich going to fix this if by confiscating all there wealth would not even
cover all costs? You need to cut spending and entitlements.
A liberals worst enemy is the truth.
1. You are quick to label and judge others who speaks only the truth. If truth is their worst enemy, then what would yours be? Do you seek for the
truth, painful as it may be, or for the delusions of wilful ignorance?
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2. Why are we comparing USA with spain or greece? Do they have a supercommittee too?
Each nation is different. The corrupt and inept greek leaders run a game of their own, so too the spain, and already many threads had devoted in depth
to the chronic tax avoidance for decades and thus their mess today. No one size solution can solve every different problems.
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3. USA is an entirely different nation, with different needs and wants. The rich, holding 40% of all wealh, had got away LEGALLY paying almost no
taxes, thanks to the congress and ex-president moron Bush. Those funds would have been better used if it had been channelled into social expenditure
to help the poor and squeezed middle classes, through healthcare and better education to make them productive citizens with opportunities.
Govs make mistakes. It is only natural, for all mortals are only flawed beings. But we have the capacity to recognize results of wrong spending or
policies, and to correct them. We can afford to make mistake once, but fools make them all the time. Look towards the grand and imposing citadel that
the Congress building is. Grand exterior but stuffed by fools today.
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4. It would be best if a nation does not rely on debts to fund its progress, cos debts are a double edge sword. In the hands of the wise, it can
propel a nation to greater heights, and use its largely untapped and awaited resources - both mineral and human capital potential, to pay off those
debts over time.
But in the wrong hands, or in the hands of fools such as the moron Bush, it will be only squandered, through corruption or ill conceived wars.
Today's results and cause for the debt speaks for itself.
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5. We can no longer change the past. BUT we can still change today and the future, and that's to acknowledge mistakes made and correct them now,
before worse doom befalls upon us and the innocent next generations. May the morons in Congress wake up.
