Posted on 12/13/2012 3:53:07 PM PST by Kaslin
Anyone who believes that the president’s proposed tax hikes on “the rich” will save our country from insolvency is grossly mistaken, and should begin to educate themselves by examining the graph below. Whoa:
This isn’t the least bit surprising, of course. We’ve seen this coming for a very long time. Barring major cuts to entitlement spending the country will go bankrupt. It’s not a possibility -- it’s an absolute certainty. Which is why I find all the “negotiations” surrounding raising taxes on “the rich” so reprehensible. The revenue generated from such a proposal -- as the graph above demonstrates -- will do virtually nothing to reduce the deficit, let alone balance the budget, and would only fund the government for about eight days. Put simply, the day of reckoning is nearly upon us (despite the actions of a certain leader which might suggest otherwise) and every freedom-loving American should be concerned.
I’m a little leery of that blue section that shows higher revenues due to “Obama’s” tax increases. I think that regardless of the tax rates (even when top rates hit 90%), historically, revenues have hovered around 18% of GDP.
The whole taxing our way to prosperity is Marxist urban legend and they know it. Our economy SUCKS and the whole increasing taxes meme will kill it.
This graph is a good example of "positive thinking". It fails to take the inevitable consequences of a tax increase into account.
I agree, tax increases will inevitably trail spending increases on an upward slope.
I understand your problems with the graph, but this shows that even with “positive thinking”, taxes are not going to solve the debt problem.
Taxes will rise to try to keep up with spending and revenues will inevitably fall.
Of course they're not. I, for the life of me, can't understand why the democrats keep trying to make a failed policy ( failing over and over again) work.
Socialism has never worked and never will. The more money they flush down the toilet, the less there is left. I mean, DUH. It's common sense.
Damm this is getting me angry. Everyone, including conservatives, refuses to differentiate between “paid into” entitlements and “never paid a dime into” entitlements.
It IS the “never paid a dime into” entitlements that are breaking the country. Yes, the so called ‘baby boom’ generation is putting a strain on medicare and social security. But there is an important fact that is never mentioned. Everyday, some number of baby boomers turn 65 - BUT ALSO EVERY DAY SOME NUMBER OF THEM DIE. And guess what, in another decade or less the number turning 65 will be less than the number that die. And from that point on the problem shrinks and disappears.
Compare that with the welfare recipients. Every day new recipients are born. And in approximately 18 years, about 62% of those recipients will reproduce approximately 460% of themselves. This is a problem that never goes away and only grows logarithmically.
The worst part about welfare spending is that it is already greater than defense, greater than Medicare, and greater than Social Security. If you don't believe me, the link below takes you to a report that quotes exactly where it comes from, and how the left hides it.
(Do not go to this link if you are prone to excessive violence or have serious heart problems.)
http://www.heritage.org/research/commentary/2012/10/welfare-is-at-an-all-time-high
I'm with you 100% !!! What's being debated right now? Tax increases on the working, and reductions on those who have worked and paid.
There's not one cut - not one - associated with the freeloaders who have never done anything for anyone (not even themselves.)
No free, free, free housing cuts. No free food cuts. No free clothing cuts. No free cell phone cuts. No free Internet cuts. No extra spending cuts ( they need their microwaves, computers, big screen TV's, and golden bling.)
The freeloaders will sacrifice nothing. Only the working (or worked but retired) slaves are being slashed (again) - by both democrats and republicans.
The government’s means-tested welfare programs now cost taxpayers roughly $1 trillion a year.
The federal government runs over 80 means-tested programs providing cash, food, housing, medical care and social services to around 100 million Americans. That’s a third of the U.S. population.
Half of them are true red communists and want to drag this country down the same rat hole all the other communists have taken their countries. They think that they can do it better, or they just crave the power too much.
All of them know that in the short term they will be able to buy votes.
That's the reason.
Obviously this administration is dead set to overwhelm the American System.. to bankrupt it..
It was, is, and will remain OBVIOUS.. to any that are open to logic..
Seems mostly republicans are not open to consider this..
Trying to paint the Obama minions as inefficient or stupid..
Totally neglecting the truth which is obvious and even admitted by the minions..
Looks like most republicans are really cowards.. afraid of the ONLY solution..
The only solution being REVOLT... which is a very bloody trail..
Could be what the republican party has become... “come down to”.. cowardice.. craven in the worse way...
Nasty end for such a glorious beginning... and be advised.. it is the end...
That’s why I say now that it is over.. 2012 proved that The majority is now voting for benefits from the public trust and will continue to vote for politicians that offer them more and more. The media have failed the country because they refuse to tell the American people the truth about where this debt crisis is going to lead us. The only way that you will get peoples attention is to bring it all crashing down on them and then hopefully rebuild in the vision of our founders.
We have failed our posterity, I am ashamed of my generation.
and the other third are the ones that had jobs.... used up their 99 weeks of unemployment than went to the doctor and said they were Crazy got diagnosed with a mental condition and applied for their Social Security Disability payments.... Crazy Money...
Did you know that their are 65Million people collecting SS/SDI the majority of course are the retirees but a large portion are those scamming the system.
Typical increrase in SS/SDI participation has been roughly 3 million per 4 year increment until 2008 from 2008 thru present there has been an 18 Million person increase those are the ones dropping out of the labor participation... it is a 500 percent increase....
Where is the media on this? Why are there no investigative reports into what this trend is and what it means....
The country is toast....
Check it out on usdebtclok.org do the math.
All bets are off on what that will look like, as it will include wars and much bloodshed - at the end of which I doubt the USA will still be around as we have known it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.