Meanwhile, how is it that any right-winger can look around at the simple facts of the real world and still be one?
I see no evidence that you ever ran anything for if you ran your business like the govt. you would be bankrupt. Maybe a govt. bailout has bought your loyalty.
If people earn anything they owe something for the govt. that they get benefits from. No income earning American should ever have a zero net income tax burden. Instead of going after those evil rich people get something from income earners paying nothing in FITCardinal Fang;1061372822]People who do not OWE taxes do not PAY taxes. More than 20% of those who OWE no taxes are students who file a 1040 just to get back the taxes that were withheld from their summer or other part-time jobs. Another 25% OWE no taxes because their personal exemptions and standard deduction reduce their taxable income to zero. Do YOU use either of those to reduce YOUR taxable income?
Zero interest rates are helping keep the debt service lower but I would have thought an economic genius like you would know that.LOL! Individual income taxes covered a little less than 32% of federal outlays in FY 2012. By the way, that scary debt service of yours was lower in FY 2012 than it was in FY 1998.
Federal Income taxes fund the Federal Govt. or didn't you know that? Today we have a 3.8 trillion dollar budget that isn't funded by state or local taxes. We have a spending problem thanks to liberalism not a revenue problemPathetic. Federal income taxes are progressive because other federal txaes and state and local taxes are so highly regressive. Summary headings are not line-items, and the Combined Statement is not the budget.
What would THAT be relevant to?
The claim of Obama's that he has proposed trillions in spending cuts
As for worthless, US Treasury securities, are the safest, most secure investment vehicle in the history of the world. They are in fact the standard against which the safety and security of every other investment vehicle is measured. Didn't you know that? The Social Security Trust Fund is meanwhile just another investor when it comes to US Treasury securities. The full faith and credit of the United States Government stands behind every penny's worth of scheduled principal and interest, whether the investor is SSTF, the government of China, or your batty old Aunt Fanny.