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quote:
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Originally posted by Webby
As for the US going "bust"? Hell, even your own treasury spent a long enough time compiling the most comprehensive report yet on the US economy.
This boiled down to a chronic federal deficit budget totalling $44 billion in current US dollars.
For simplcity... that converts to:
(a) roughly 10 times the publically held national debt
(b) four years of US economic output
(c) 94% of all US household assets
The suggested remedy? An immediate and permanent 66% increase on income tax across the board.
Currently only 13 States have a fiscally sustainable policy at this time.
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You did not provide a link...to the report. Is a-c your personal input? Provide the link and I will look it over at my liesure.
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