The Worst Economy In History

How do you solve the unsustainable debt problem of the U.S.? We now know from the White House: You raise taxes on the “wealthy” to bring in about $5 billion per year. The deficit is $1.3 TRILLION per year and rising. You can see that these revenues are less than a rounding error. It’s the size of a flea on an elephant. Washington spends $10 billion per day. So, this widely debated subject would bring in only enough to run the government for half a day. Yet, we hear speech after speech that taxing the wealthy into oblivion will resolve the unsustainable debt problem of the country.

The US is on the same path as Greece, Portugal, Spain, etc. And the Congress is not interested in changing that. The Senate hasn’t produced a budget for three years. Americans should insist that their paychecks be confiscated until there is a budget that  will reduce the debt..

                                                .............Bert Dohmen