Quote:
Originally Posted by joeydb
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Unless we plan on taxing every good and service 100% I think GDP represents nothing but potential tax money.
The situation is far worse when considering total tax revenues, expected at $2.7 trillion this year vs. annual budget $3.7 trillion with a total debt just over $20 trillion.
To put it in real numbers imagine going to a bank for a loan to pay bills, making $27K/yr. after taxes with $37K/yr. in expenses and owing 200K in credit card bills, including cards taken out in your children's and grandchildren's names.
It would be nice for everyone to have health insurance whether supplemented or not. It would also be nice if everyone had a house and a yard. But in the real world the money's not there and like everyone living in the real world we need to cut back and make (tax) more. Since neither party seems willing to, Dems cut and GOP tax, I suggest forming a dueling league and holding 20 Dem v. GOP events with the best of seven duels.