Monday, September 29, 2008

Questioning the view

http://www.minyanville.com/articles/CHINA-Greenspan-fre-fnm-mortgage-bailout/index/a/19222/p/2

One would have to ask Sir, just how much and truly how effective that argument is since our deficit makes it apparent that our spending far exceeds the intake
of any taxes collected.
You can't have one tax amount without the other making it for them to pay!
One hand washes the other or it doesn't get washed at all.


Meanwhile, our political leaders continue to pander to a mis- or under-informed electorate while failing to address the nation’s real issues. For example, the top 1% of wage-earners pay nearly 29% of the nation’s total taxes, while the top 5% of wage-earners pay some 48% of the total tab. This fact seems lost amid the current political blustering; or, as Oscar Wilde noted, “The public has an insatiable curiosity to know everything except what is worth knowing.”<< Prev 1 | 2 |