Posted by TomTex on January 15, 2008 at 05:57:42 from (12.74.218.136):
In Reply to: economy posted by 756puller on January 14, 2008 at 17:26:17:
Why is anyone surprized? Our nation has been deficit spending for 6 years at record rates. Went to war without funding it. Try doing your own budget with an ever increasing amount of the revenue raised going JUST TO FINANCE the ever increasing debt. Ever larger portions of our tax dollars are paid in to run the country, but are used to pay interest on our 6-year spending/warring spree. And who does that interest go to - - foreign governments, who sit back and rake in interest money (our taxes). Last figures I saw are out of date, but I seem to remember it was over 25 cents of every tax dollar is used to finance the interest on debt on 6-years of over spending. No matter who is elected president, taxes will HAVE to go up, because the interest is piling up. To make matters worse, we have to pay for 30-50 million folks here that are criminal aliens. Public hosptial in Fort Worth Texas is losing over 8 Million Dollars per year on their health care, which comes directly out of taxes. Brother worked with one of them, who had purchased 3 social security cards, 3 state driver licenses and worked 3 jobs. Kept each job below the tax paying amounts to get 3 tax refunds. Qualified for low cost govt housing, had kids in public school at our tax expense, where we hired extra teachers to speak Spanish. Surprize, Surprize, we are broke. Tom
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