You can keep denying our revenue problem but it won't go away. Less revenue means more debt. Period.
This is absolute stupidity.
Michael Jackson, earned over a billion dollars in his life time. His final tour, ranked in over $100 Million. Yet, at his death he was $500 millions in debt.
The loss of income, wasn't the problem. His out of control spending was the problem.
Back in 2011, I earned a whooping $12,000 for the entire year. Lots of bad mistakes on my part. But.... I actually paid off debt during that year. How? Real simple. I spent less than I made. You cut your spending below what you make, no matter how much or little you make, and there will be no debt.
But all of this is irrelevant to the conversation, because right now our government is collecting more money than at any time in the history of this country. The amount of tax revenue this year, will be over $3 Trillion dollars.
Let me put that in perspective. Out of 196 countries in the world, there are only
THREE countries on the face of this planet, with a TOTAL GDP larger than how much we collect in taxes. Not how much they collect in taxes... the entire Gross Domestic Product of the whole country, larger than how much we collect in taxes. Namely China, Japan, and Germany.
Of those three countries... China collected $1.6 Trillion in taxes. Japan collect $437 Billion in taxes. Germany collected $783 Billion in taxes.
Let me boil that down.... The US government is collecting more money in taxes, than the total tax revenue of the next three largest economies on this planet... COMBINED.
And you want to tell me that the problem causing our debt, is a lack of tax revenue?
Let me spell that out for you.....
YOU ARE FULL OF CRAP.
Clear? Any questions? I hope that was not ambiguous.