U.S.: In state of denial over taxes?

[cottonpicken]

Try this fact on for size.

If the us raised corporate and private tax to 100% it
would still run a deficit.

The rock and hard spot are moving closer together and
the only way out is to KEEP inflating,gold has been
telling us this for 10 years.

[wilagro]

The hard truth is that GW Bush and his administration wasted trillions of dollars on an un-needed wasteful and useless war in Iraq. If they had put their spending on a wartime basis with rationing and conservation of materials needed for war they would not be in debt as far as they are now. There is NO gain or payback in WAR...it is ALL an expense.

Someone has to pay for WAR. Fighting a WAR with borrowed money while maintaining a peace-time economy is to say the least STUPID. Since the US government has only taxes and fees for-service as income then THEY must go UP...THERE IS NO OTHER WAY.

[Fransisco]

It's all Bush's fault? I don't think so...

[jensend]

farmranger then the usa must be great socialists because they have spent everybody else's money and now they are running out of willing lenders. their empire is maintained with military influence around the world which is called an invisible import and drains money out of the usa. if they cut spending that doesn't mean taxes will go down. they can't for the foreseeable future. america is just another financial screwup and now the time for pain has arrived. forty years of idiotic policy has taken its toll on a powerful nation.

[sawfly]

sounds like a mess on both ends.
too much spending and too little taxes.

spend 16% of GDP on healthcare com pared to Canadians 10%. yet do not have universal benefits.
the cost of the wars , yet GE paid no taxes.(you would think GE and others
could pay considering what they make from the military)
trillions for the bank bailouts from the general public, yet the money made on the way up sits safe around the world. a transfer of wealth to the super rich
Kinda what Micheal Moore was talking about. the great robbery

the same thing that happened to Iceland and Ireland, the poster boys for unfettered capitalism.

the USA is next and they are trying to blame it on socialism. in a country where democrats are right of our conservatives.
we had slightly socialist govt.s in Sask. and balanced the books.

the USA is a case of big money calling the shots and it matters not what kind of mess they leave behind.
i guess the US has socialism , but its only for the rich

[FarmRanger]

<i> ”farmranger then the usa must be great socialists because they have spent everybody else's money and now they are running out of willing lenders.’</i> Give that man a cigar, I think he’s figured it out. Obama is going to double the debt of the last 40 years in his 4.

<i> their empire is maintained with military influence around the world which is called an invisible import and drains money out of the usa. ‘</i> Doesn’t sound like an empire to me, it sounds like a cop who not only isn’t paid by those he is protecting, but pays them for the right to patrol their neighborhoods. If that is an empire, then it’s the stupidest one in history.

[jensend]

the usa had debt problems long before obama. reagan's voodoo economics really put momentum into the wheel. do you really think there's no quid pro quo for the usa guaranteeing the security of korea? the american's aren't stupid enough to do it for free. they're just stupid enough to believe in the principle of american exceptionalism. it's false and now we see the usa is no smarter than greece.

[cottonpicken]

The really scary part is the fact that the exponential
function applys to the situation.

In a few short years the yearly deficit will be in the
tens of trillions.

[begood]

That is called arithmetic; and Tom would argue that unsound theory and reasoning doesn't apply to resources; population growth nor money and investments and debt.

[TOM4CWB]

Begood:

"Tom would argue that unsound theory and reasoning doesn't apply to resources; population growth nor money and investments and debt."

Actually Tom would argue that on the course we as humanity have chosen...

AS Prophesied by many cultures and faiths:

Is on a collision course with a radical world changing events.

When this events will occur... cannot be known... but all the signs are here indicating we have set the stage for this series of radical events.

Look back in history... folks have said for 1000's of years... "The world is about to end!'

Yet here we are!

It is a miriacle!

God Bless Canada!!!