It takes a modest sized middle class subdivision to generate a million dollars in federal tax revenue. It takes 1000 such subdivisions to generate a measly billion dollars in tax revenue. When the government spends a TRILLION dollars - it would take ONE MILLION such subdivisions to generate that revenue - if we even had that many subdivisions, which we don't. So we shake down the "fat cats" for a huge chunk of our tax revenue - and corporations, which simply pass the tax on to consumers in higher prices. And nobody living below the median pays ANY federal income tax. So it all comes down to the subdivision dwellers, the fat cats and corporations - who all together come up about 25% short of what the Feral Government is spending each year. Which is 6.5 TRILLION. Let that sink in. Where do the added trillions come from? Your kids and grandkids - and great grandkids. That's where.
“Sometime back, I heard an interview on the radio with a Republican legislator (I’ve long since forgotten who it was). Anyway, this Republican, like all his colleagues, had campaigned on a promise to rein in federal spending. But - surprise, surprise! - federal spending increased, and the Congressman being interviewed voted FOR these increases. When asked, his justification went something like this: “Yeah, we really wanted to cut spending, but you know, we just couldn’t this time around because of blah, blah, blah. But you just watch: come next legislative session, boy oh boy, we are going to cut that monster like you won’t believe! The job isn’t finished, so you must vote for us Republicans again!”
It takes a modest sized middle class subdivision to generate a million dollars in federal tax revenue. It takes 1000 such subdivisions to generate a measly billion dollars in tax revenue. When the government spends a TRILLION dollars - it would take ONE MILLION such subdivisions to generate that revenue - if we even had that many subdivisions, which we don't. So we shake down the "fat cats" for a huge chunk of our tax revenue - and corporations, which simply pass the tax on to consumers in higher prices. And nobody living below the median pays ANY federal income tax. So it all comes down to the subdivision dwellers, the fat cats and corporations - who all together come up about 25% short of what the Feral Government is spending each year. Which is 6.5 TRILLION. Let that sink in. Where do the added trillions come from? Your kids and grandkids - and great grandkids. That's where.
“Sometime back, I heard an interview on the radio with a Republican legislator (I’ve long since forgotten who it was). Anyway, this Republican, like all his colleagues, had campaigned on a promise to rein in federal spending. But - surprise, surprise! - federal spending increased, and the Congressman being interviewed voted FOR these increases. When asked, his justification went something like this: “Yeah, we really wanted to cut spending, but you know, we just couldn’t this time around because of blah, blah, blah. But you just watch: come next legislative session, boy oh boy, we are going to cut that monster like you won’t believe! The job isn’t finished, so you must vote for us Republicans again!”
Bullseye!
Cut 10% per year for each of the four years of the next president's term.