DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Each household in America owes $534,000.00 to pay this tab.

**Bondjrno** · 08-06-2011, 04:19 PM

Real classy analogy there, way to go. No racism or bigotry at use there, move along, nothing to see.

OK, maybe you take it that way, I'm just saying that our situation is self imposed, that we aren't in deep shit that we can't handle.

The national debt has been over 125% of GDP, and was in the process of being paid down, when this idea that lower taxes would provide higher revenues, "tax dementia", began to infect the minds of Americans. Since then we have racked up a considerable amount of debt, but only because we insist on tax rates that are too low.

08-06-2011, 04:19 PM	#13
Bondjrno Join Date Oct 2005 Posts 354 Senior Member	Real classy analogy there, way to go. No racism or bigotry at use there, move along, nothing to see. OK, maybe you take it that way, I'm just saying that our situation is self imposed, that we aren't in deep shit that we can't handle. The national debt has been over 125% of GDP, and was in the process of being paid down, when this idea that lower taxes would provide higher revenues, "tax dementia", began to infect the minds of Americans. Since then we have racked up a considerable amount of debt, but only because we insist on tax rates that are too low.
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