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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (524003)11/21/2012 11:44:57 PM
From: Wayners5 Recommendations  Read Replies (2) of 793983
 
Do you have an alternate scenario for the future? I see what I wrote as the only logical conclusion. Entitlement Bill will be $70 to $120 Trillion. 140M taxpayers making an average of $30K. Add in the other $16T all growing exponentially. That's $86T minimum today to be paid for with $30K incomes. That's a debt of $614,000 for the average person that actually pays taxes. Taxpayers are dropping like flies and capital has been leaving the States for 15 years, that's why you see no return of capital from larger corporations. The trends will continue and accelerate. You think somebody making $30K can pay back $614,000 in debt and pay for livinig expenses at the same time over 60 years? Impossible. The Unites Government does not create our own money. They rely on the Federal Reserve to do it. Without taking away the Federal Reserve Act, the United States cannot print their way out it it. They are at the mercy of the Federal Reserve to continue to LOAN the money.
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