Xinyuan Real Estate Co., Ltd. Message Board
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"Quote of the Decade" Revisited.
On the national debt, there's nothing to be proud of in either of the last two Presidencies.
However you want to divvy up the FY's, the ugly truth is that the national debt's increased from $5 trillion to $16 trillion in the last 12 years.
We're stealing from our kids.-
That's why I'm running away to Switzerland. In 12 years when the US is in shambles I can trade in for a swiss passport
- 3 Replies to turkeybaster911
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Beautiful scenery, clean, low crime, high pay. Good god almighty which way do I steer to my... umm minced veal and hashbrowns in paradise???
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Good plan, LTB. Maybe I'll join you.
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That is the last place I will run to! The more the countries dig for fraud, the more they find Swiss to be holding fradulent money from other countries!
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42 Presidents accumulated 5 Trillion while 43 and 44 were able to triple the debt in 12 years with no end in sight. Something has to give here and while taxing the rich may "help" it is certainly not enough nor do I agree with an increase in taxes without reduction in spending.
- 1 Reply to stock_slayer1974
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Slayer and rvga: I agree, it will definitely require spending cuts, together with tax increases, to close the $1.2 trillion annual federal budget deficit ($2.5 trillion in tax revs vs $3.7 trillion in spending).
That gap's just too big to be solved with only one or the other of spending cuts and tax hikes. Both painful decisions are required.
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Cut the spending- 1. We have inflated Defense Budget
2. Import drugs from other countries and let people on Medicare, Medicaid.
Tricare and Veterans. Open up the system for people to choose Govt sponsored health care or keep your private insurance if you can afford. -
I guess my post on the debt made NO impression. I just have one request. PLEASE don't use the cliche that we're stealing from our kids. It's total #$%$.
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