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Politics : Formerly About Advanced Micro Devices
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TimF
To: tejek who wrote (856727)5/13/2015 7:41:11 PM
From: Tenchusatsu1 Recommendation  Read Replies (3) of 1573983
 
Ted,
Any economic system......whether it be one that is socialistic or the freest of markets......if corrupt......will fail ultimately.
There are few things more corruptible than an economy that is controlled by the hands of the few.

All this talk about the "one percent" means nothing as long as you continue handing over control of this economy and our very lives to a government that does not have your best interests at heart.

By the way, the German economy is far from ideal. Kind of silly to use it as a model of socialism when they themselves are facing a slowdown. Manufacturing is starting to leave the country due to high energy prices and lack of infrastructure spending.
The deficit hasn't gone down because the country isn't generating surpluses to pay off the deficit. Why is that? Any time there is an improvement in revenues, Rs want to cut back on taxes while gov't expenses remain static. Rs aren't serious about reducing the deficit. They just don't want to pay any taxes period.......and without surplus revenues you can't reduce the deficit.
Try again, Ted. Under Obama, many taxes were raised, including:

- ObamaCare mandate
- ObamaCare surtax on investment income
- Hike on Medicare payroll tax
- Increase in the highest tax bracket to 39.4% (so that the rich pay their "fair share")
- Hike in long-term capital gains tax from 15% to 20% (once again, only on the "rich")

And Obama wants to raise even more taxes.

No, the real reason why the deficit is still half a trillion dollars a year is because government continues to spend like crazy. Even now, government spending is growing as a percentage of GDP, and Obama thinks we're still not spending enough:



This is the STRUCTURAL deficit that even the CBO is projecting for the entire foreseeable future. This is why I can say with certainty that America is following in the same footsteps as Greece, but there will be no one to bail out Uncle Sam. Or Uncle Obama. Or Auntie Hillary for that matter.

Tenchusatsu
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