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boatmangc
08-28-2011, 06:42 AM
http://www.ntrc.info/doorbell.html

sailsmen
08-28-2011, 06:50 AM
At current GDP and Fed growth rates Fed spending will exceed our Economy in ~21 years.
At current Fed growth rates Fed spending doubles every 9 years.
Confiscating 100% of all the income for everyone who makes over $200K per year would not eliminate this years deficit.
Rolling back the "Bush Tax Cuts" for everyone who makes over $250K per year generates $70B* in revenue against $1.6T deficit.
Rolling back the "Bush Tax Cuts" for everyone generates $370B* in revenue against $1.6T deficit.
Rolling back Fed spending to 2008** level results in a Deficit of 3% of GDP, which is sustainable. The 1948-2008 Deficit average of 2.2%.

*Assumes higher taxes will have no impact on behavior
**Democrat Congress and Republican Pres