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To: BillM

The trouble with your proposal is the mathematics. You have the math wrong. 200,000,000 adults paying $2,080 each is only $416,000,000,000, or in words $416 billion. This is not enough to cover the national debt. If the debt ceiling is raised to $16 trillion, using 200,000,000 adults, the tax would need to be more like $80,000 per adult. At that level, I think you’d have a serious non-compliance problem since $80,000 per year is greater than 100% of annual income for the majority of Americans.


38 posted on 10/07/2013 10:41:54 AM PDT by stremba
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To: stremba

Nobody is proposing to pay off THE MORTGAGE. All that has to be covered if the monthly payments.

This miscomprehension of Gross debt versus ongoing payments is a purposeful deception. Don’t buy into it.

You can probably carry your mortgage but have no ability to pay it back in full on short notice.


48 posted on 10/07/2013 11:05:20 AM PDT by BillM (.)
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