A Chart That Should Keep Progressives Up at Night
ltlee1
http://www.progressivefix.com/a-chart-that-should-keep-progressives-up-at-night
"The kind of budget shortfalls we are looking at in the future dwarfs
anything we’ve ever seen. There are two ways to close the fiscal gap –
cut spending or increase revenues. What Hennessey’s chart makes clear
is that the level of taxation it would require to meet projected
spending needs is far higher than anything the country has ever seen-
slash-tolerated. Indeed, even closing half the gap through higher
taxes would necessitate historically unprecedented taxation levels."
Cog
> America's scary future.
>
> http://www.progressivefix.com/a-chart-that-should-keep-progressives-up-at-night
>
> "The kind of budget shortfalls we are looking at in the future dwarfs
> cut spending or increase revenues. What Hennessey�s chart makes clear
> is that the level of taxation it would require to meet projected
> spending needs is far higher than anything the country has ever seen-
> slash-tolerated. Indeed, even closing half the gap through higher
> taxes would necessitate historically unprecedented taxation levels."
off the chart govt spending if pelosi care passes.
good alternative posited.
Sanders Kaufman
news:109f20c1-46f9-42fc...@33g2000vbe.googlegroups.com...
> America's scary future.
That's a coward's perspective - everything scares you.
ltlee1
I don't see a sacry holocaust against the Jewish people a second
time.
How about you? Part of America's problem is that it is allowing the
tail
to wag the dog. No?
rst0wxyz
> On Nov 23, 8:17 am, "Sanders Kaufman" <bu...@kaufman.net> wrote:
>
> > "ltlee1" <ltl...@hotmail.com> wrote in message
>
> >news:109f20c1-46f9-42fc...@33g2000vbe.googlegroups.com...
>
> > > America's scary future.
>
> > That's a coward's perspective - everything scares you.
>
> I don't see a sacry holocaust against the Jewish people a second time.
The Jews are doing the holocaust to the Palestinians now, and there
are only about 6 million Jews against 1.2 billion Muslims. Time is
against Israel.
> How about you? Part of America's problem is that it is allowing the
> tail to wag the dog. No?
America never allows any other nations to tell America what to do. It
has always been the other way around, America tell other nations what
to do, or bullying other nations to make them to do.
Sanders Kaufman
> How about you? Part of America's problem is that it is allowing the
> tail to wag the dog. No?
No - but then again, I've never really been a sucker for such simple-minded,
anti-America one-liners.
ltlee1
Have you read the article and examined the chart?
Sanders Kaufman
I've read lots of articles and examined many charts.
My secret is that I don't approach them with a victim mentality.
That way, I don't have to all-the-time be scared of everything.
It's an approach I *highly* recommend.
lorad
>
> "The kind of budget shortfalls we are looking at in the future dwarfs
> anything we’ve ever seen. There are two ways to close the fiscal gap –
> cut spending or increase revenues. What Hennessey’s chart makes clear
> is that the level of taxation it would require to meet projected
> spending needs is far higher than anything the country has ever seen-
> slash-tolerated. Indeed, even closing half the gap through higher
> taxes would necessitate historically unprecedented taxation levels."
Solution? Debt cancellation.