danielpalos
Diamond Member
- Banned
- #441
Raise taxes on the one percent until our debt is gone.I would say the debt is going to get even worse than expected, many times over because of the federal government/career politicians they always overspend. Less people are putting less in and more people are taking more out of socialist entitlement programs....If you take the debt and the unfunded liabilities which are debt - the debt is north of $225 trillion dollarsThere is not enough money in the United States if you taxed 100% of everything everyone owns, you would not even put a dent in the debt. shit for brainsTrue. When government says you can have big bennies without paying for them, as Bush did and as Trump is doing, people demand more of those freebies. When you make it clear that freebies aren't free, people want less of them.
It's far too large to be able to pay back
Where do you get that idea? I've seen US GDP for 2015 estimated at a bit over $18 trillion.
United States GDP | 1960-2017 | Data | Chart | Calendar | Forecast | News
It is my understanding that the $200+ trillion number is based on future spending and governmental income, not current numbers. The unfunded liabilities are based on something called an infinite-horizon financial gap. I'm perfectly willing to believe that, based on current spending, debt, tax laws, etc., that the debt will reach that total, but I don't believe it can be considered current debt.![]()