National debt time bomb ticks toward crisis

[PICK3]

National debt time bomb ticks toward crisis - Business - Eye on the Economy - msnbc.com

The breakdown of talks between the White House and congressional Republicans has intensified worries about the financial bomb known as the national debt.

Without serious budget reforms, that bomb will almost certainly explode — with widespread collateral damage to the U.S. economy and the global financial system.




Have a good weekend

 

[samoth]

I never understood what the big deal is with this. Just raise taxes, kill SS and Medicare, and hike gas taxes a few hundred percent to put us in line with the EU.

Oh, and tax exemptions to the immediate families of any boomer who honorkills themself for fucking this country up in the first place, of course.

And perhaps mandatory sterilization of all people below certain IQ/income levels would help, too.

 

[lartinos]

I never understood what the big deal is with this. Just raise taxes, kill SS and Medicare, and hike gas taxes a few hundred percent to put us in line with the EU.

Oh, and tax exemptions to the immediate families of any boomer who honorkills themself for fucking this country up in the first place, of course.

And perhaps mandatory sterilization of all people below certain IQ/income levels would help, too.

Samoth for prez!

 

[mrplunkey]

I never understood what the big deal is with this. Just raise taxes, kill SS and Medicare, and hike gas taxes a few hundred percent to put us in line with the EU.

Oh, and tax exemptions to the immediate families of any boomer who honorkills themself for fucking this country up in the first place, of course.

And perhaps mandatory sterilization of all people below certain IQ/income levels would help, too.

That's not a bad plan, but if we're going to raise taxes they should be raised across the board.

Right now about half of all people don't pay any taxes (or no net taxes). They need some skin in the game.

 

[themondtster]

I belive when congress holds its session somebody should just nuke all them old fuckers. Both dem and rep, from everything Ive read lately they're both responsible through personal agendas, money, power, and twisted veiws on how this country should ran. They waste my hard earned tax money on dumb shit, they can give the auto and housing company billions but cut students grant money by millions. Which is more of waste? Medicare and social security would work if ran right but they run it like a pyramid scheme and funnel the money into other groups and funds. For example home land security showed up at work today. Five people in two brand new cars came to look at one piece of paper, they never got past the guard shack in front parking lot.

From My MaFukn Droid Son!

 

[themondtster]

That's not a bad plan, but if we're going to raise taxes they should be raised across the board.

Right now about half of all people don't pay any taxes (or no net taxes). They need some skin in the game.

I agree with that...a flat tax percentage. Because right now its about 30% of my check they get. I believe the companies should pay more. Little things like 1st and 2nd year tax cuts to promote business would be alright but some of these companies get all kinds of federal funding just to stay afloat or cause they are "GREEN", some get away with almost no taxes payed.



From My MaFukn Droid Son!

 

[PICK3]

I believe the companies should pay more.

don't worry ... Barry's on it!

 

[samoth]

That's not a bad plan, but if we're going to raise taxes they should be raised across the board.

Right now about half of all people don't pay any taxes (or no net taxes). They need some skin in the game.

Agreed, but the low and middle classes should be taxed at a higher rate than the wealthy -- if proles have a problem with that, then they should try not leading shitty lives and working middling jobs (basically an incentive to work harder).

 

[mrplunkey]

Agreed, but the low and middle classes should be taxed at a higher rate than the wealthy -- if proles have a problem with that, then they should try not leading shitty lives and working middling jobs (basically an incentive to work harder).

I'd settle for even taxation. It's amusing to me how everyone is so concerned about "fairness" but when it comes to taxes that somehow involves one person paying a higher rate than another.

 

[samoth]

I'd settle for even taxation. It's amusing to me how everyone is so concerned about "fairness" but when it comes to taxes that somehow involves one person paying a higher rate than another.

The more important one is, the more they comtribute to the economy... thus the less he or she should need to pay in taxes. Since "importance" is rather nebular, we can just use income as the defining proxy metric.