Avorysuds
Gold Member
The debt you're referring to also has a missing revenue component to consider.China.
Try to keep up.
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China is FINANCING part of our DEBT...the DEBT generated by an out of control government spending over $11,000 a year for each citizen in our nation!
YOU try to keep up. I asked you a simple question, do you believe WE, or ANY nation on the planet can survive spending $11,000 a year of EACH citizens money? Do you?
If corporations and the richest among us were taxed at the same rates they were half-a-century ago, we would not need to borrow as much from China or from the same rich American parasites that are sitting on trillions of dollars in cash after costing the US economy $14 trillion and 8 million lost jobs since the Fall of '08.
Would we still be borrowing over 1 Trillion a year? Maybe 1.2 Trillion? Of course context is lacking, bubbles helped to allow higher taxes but had the inevitable crash.