US Taxes are too low compared to the rest of the world

Do you care that the US economy is headed for a cliff due to the $23T National Debt?

  • Ignorance is bliss, what happens happens, I don't care about the $23T Debt

    Votes: 1 5.0%
  • I do NOT want my taxes raised, we need a Convention of States for Balanced Budget Amendment

    Votes: 8 40.0%
  • The responsible action is to raise taxes and reform entitlements to start paying down the Debt

    Votes: 3 15.0%
  • I have a better solution, see my post

    Votes: 5 25.0%
  • The GOP solution of "growing the economy" by cutting taxes never works, it just grows the Debt

    Votes: 5 25.0%

  • Total voters
    20
I'm not going to pretend to understand all the nuances of economic philosophy, but when your country's currency is based on FAITH, rather than actually having any tangible value, it makes no difference what your debt is.
.

Insane nonsense. What you don't get is that the FAITH is that of the lenders who buy up US treasury notes.

If our debt gets out of control with respect to our economy size (and it's quickly getting there) the loss of that FAITH that US can pay it's obligations will be catastrophic for our economy.
 
Last edited:

Forum List

Back
Top