Merry Xmas Hope & Change style or Gov't liabilities rose $2 trillion in FY10

Discussion in 'Politics' started by Neotrotsky, Dec 22, 2010.

  1. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Government liabilities rose $2 trillion in FY 2010: Treasury



    (Reuters) - The U.S. government fell deeper into the red in fiscal 2010 with net liabilities swelling more than $2 trillion as commitments on government debt and federal benefits rose, a U.S. Treasury report showed on Tuesday.
     
  2. Old Rocks
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    Old Rocks Diamond Member

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    Yep. The obvious answer is to defund the government. So let's cut all taxes for the rich and the corperations. Not only that, how about defunding Social Security, Medicare, Vet benefits, and all scientific research. The true Republican Platform.
     
  3. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    The Left way- we are always "one" tax from making everything OK
    or just one more gov't program will solve the problem

    Yet, it never does


    We could take every single dollar of the rich and it would not cover our debts. The monies will ultimately come from the middle class since there is more of us

    How much money should the gov't allow us to keep?
    What tax rate does the left think is fair?

    40%, 50%, 60% ? (probably an underestimate for the left)
     

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