Buckle up, it's going to get a lot worse! Soon enough we'll be paying as much in taxes as Europe. This only confirms that politicians make too much money, because clearly they haven't had to learn how a budget works.
It would be good for us to pay off our debts, but your right, if politicians start campaning about rasing taxes we'd never vote them in. It would be different if we had a monarchy or something...maybe you should run for king. Luckely we have a president with our best intersets in mind and people like Bernake advising him.
It is a great idea in theory that I completely agree with. Sometimes a little recession is good to weed out the underperforming industries. The U.S. is focusing on the global economy. If you look at Japan's Debt to GDP ratio, it is at something like 93%, while the U.S. will be somewhere in the 60% range. That is comparable to Europe. Debt is good if it is an investment, but the U.S. has obviously made a lot of poor investments.
3 comments:
Buckle up, it's going to get a lot worse! Soon enough we'll be paying as much in taxes as Europe. This only confirms that politicians make too much money, because clearly they haven't had to learn how a budget works.
It would be good for us to pay off our debts, but your right, if politicians start campaning about rasing taxes we'd never vote them in. It would be different if we had a monarchy or something...maybe you should run for king. Luckely we have a president with our best intersets in mind and people like Bernake advising him.
It is a great idea in theory that I completely agree with. Sometimes a little recession is good to weed out the underperforming industries. The U.S. is focusing on the global economy. If you look at Japan's Debt to GDP ratio, it is at something like 93%, while the U.S. will be somewhere in the 60% range. That is comparable to Europe. Debt is good if it is an investment, but the U.S. has obviously made a lot of poor investments.
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