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Politics : Formerly About Advanced Micro Devices

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To: Mongo2116 who wrote (832079)1/24/2015 6:07:39 PM
From: Wayners  Read Replies (1) of 1578936
 
There are much bigger problems than Iraq today. The biggest one is debt up from 10 Trillion to 18 Trillion just since the beginning of 2009. Successful companies have clean balance sheets. Successful households have clean balance sheets. Our Federal Govt and way of living is complete TOAST. That includes you and your family and loved ones. The Demographics are getting worse a lot worse with more and more elderly who want to sell their assets, downsize, stop buying and retire. GDP cannot grow, debt just continues to go up and so do taxes as fewer and fewer people actually pay taxes. Only 150 million pay taxes now. Wait till that's 100 million. What does that mean? That's $180,000 at 18 Trillion which grows by a Trillion a year to 100 Million taxpayers most of whom are middle class making $50K a year or less. That's like a 2nd mortgage but without a house.
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