The Federal Operating expenses are funded by the Federal Income taxes. Included in those expenses is the debt service on the debt. Here again are the line items in the Federal Budget that are funded by Federal Income Taxes. Almost half the country pay nothing for those expenses. These are the expenses that Obama wants to pay for by increasing taxes on the rich. Raising those taxes back to Clinton levels only generates 80 billion a year if there are no consequences for that tax increase. That money will not fund the govt. for 8 days.
So let's be real here and start talking about expenses, what taxes fund what expense, and what expenses does the Federal Govt. really need. we also cannot forget state taxes and what those taxes fund either. Seems a lot of people do not understand taxes and continue to buy the Obama rhetoric.
Gen. Science, Space
Let's just call payroll taxes what they are, taxes.
Can't we just turn Congress off and then turn it back on again?
P.S. We also have some of the highest tax rates and are currently bleeding jobs because of it.
2016: NONE OF THE ABOVE
“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
One thing I never understood is the need for public sector unions. It is not like the government is concerned with efficiency and/or making money and might try to short change the workers for profit. If anything the governmemt is too generous with other people's money. Are the unions there to better share the gravy with the more connected people within the public sector?
I can see in the private sector needing unions, since any business would like to minimize expenses, which might mean short changing worker rights and benefits. But when the public sector boss can wastefully borrow and spend other people's money, and then tax or print more money, and has no reason to be efficient or frugal, what is the need? Is it a bigger share of the looted booty?
Last edited by Well; 12-12-12 at 10:57 AM.