lilBoh:
This country has historically raised the debt ceiling nearly every year for 70 something years. During both Republican and Democratic administrations.
Until this year it has always been an affirmative bipartisan vote with minimal dissent. Never has increasing the debt limit been tied to a proposed budget or anything else.
Why? Because it's dealing with money we've ALREADY SPENT. Most of which was spent by the Bush administration, btw.
If the country doesn't pay for what it has already purchased, our credit rating will go to hell in a handbasket and, as has been warned be EVERYONE IN THE FINANCIAL COMMUNITY.
The answer is obvious. Stop the childish posturing, raise the debt limit, and get to work on a new, leaner budget with both spending cuts and revenue gains.
revenue gains from where...
one in six is on the tax payer tit
20 to 22 million local state and federal empolyees on the tax payer tit...
30 millionish unemployeed...
30 millionish undocumented or illegals in the country having an impact...
i pay self employement taxes...thats .159 percent...bam...for medi and ss
then income tax on earnings...around tenish percent give or take where the deducutions are allowed...
thank goodness i'm poor...i'm only out 26 percent of earnings...for that...
i live in florida so i get to avoid state income taxing and in its place is a tax on goods and services...
of which is .065 where i am...plus the emmbeded tax on each gallon of fuel i purchase...whats that ? 35 cents to a gallon ?
times the number of gallons consumed so i can have earnings...then there's property taxes...municipal,city,blah blah blah
i'm poor and bleeding 40 percent of my earnings already...
lets go fair tax...with a flat rate...price would either not change or go down...once all the emmbedded taxes are removed...
idk...but i do know the current system isn't working for or on my behalf...and shortly won't be working at all
