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Originally posted by Mr. Wackjob
As the graph below shows, by the year 2011, 100% of the revenue the government receives will go straight from the taxpayer's pocketbook to the holders of US debt instruments. There will be no money for any governmental function in the United States of America whatsoever.
Originally posted by DarkHand+Mar 3 2004, 11:22 AM-->Mr. WackjobAs the graph below shows, by the year 2011, 100% of the revenue the government receives will go straight from the taxpayer's pocketbook to the holders of US debt instruments. There will be no money for any governmental function in the United States of America whatsoever.
For some reason he assumes the US will for some reason start devoting 100% of its revenue to paying back its debt. I don't see us doing that any time soon. Plus, we don't have to pay everyone back with cash, we proivide services, protection, food, healthcare, etc, and many nations accept that as repayment.
You pay for what you get. If we all payed 50% taxes we could all have national insurence, SS, and free national health care. If we all payed 5% taxes we would get jack shit.
Americans Need to start realizing this^^^