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Thread: Middle clas tax increase
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Old 08-03-2009, 01:14 PM
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Originally Posted by Villages Kahuna View Post
If Congress refuses to reduce spending and the prospective buyers of the debt we've been using to finance all our spending are beginning to drag their feet in wanting more of our Treasury bills and bonds, what other alternative is there?

If you refuse to lower spending and the lenders won't give you any more money, then the only alternative is to increase government revenues (taxes). And I'm sure that the fact that current U.S. tax rates are near an all-time historical low hasn't escaped the attention of our spendthrift Congress.

This is Accounting 101.

Maybe we all ought to go back to school and take Civics 101. There we might learn that there might be some benefit to replacing all those in Washington who are so gloriously "representing" us.

You may say "Aww, C'Mon" but people saw this coming BEFORE the election, and that is not to say the same thing would not have happened whomever was in the WH, but this is NOT what was promised or voted for !!!

And it would be my prediction that the increases will simply grow in all areas over the next years. The predictions that were given to us as to how jobs will be grown. etc. will be debunked ! I hope that is not true....I really do, but........