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To: GROUND ZERO™ who wrote (40501)11/15/2012 9:35:19 PM
From: Kirk ©  Read Replies (2) | Respond to of 219485
 
I doubt I don't understand how it works.

I didn't trust social security to give me a full retirement when I first heard of it and ran some simple numbers. As such, I've invested so I can get by without it if needed.... I suspect we may have to do the same with the health care ponzi scheme...

I wrote another article for Seeking Alpha that is not up yet but Govt. spending in Oct went up much faster than receipts... Funny how we actually had a surplus the month before the election along with under 8% unemployment but that is for another black helicopters discussion.

I believe we could DOUBLE what everyone pays for taxes last month and we'd NOT break even....

Lets see if my Word doc will cut and paste

Year

2012

2011

Change

Change



$B

$B

$B

%

October Receipts

184.316

163.072

21.244

13.0%

October Outlays

304.311

261.539

42.772

16.4%

October Surplus (Deficit)

-119.995

-98.466

-21.529

21.9%



I think total INCOME taxes collected was just over 100B... amazing....