Posted on 09/28/2016 2:43:56 PM PDT by Sean_Anthony
Listen up now. You paying attention here?
During Obama’s tenure in the White House the federal government collected $20 trillion in taxes. Oughta be enough to pay for all our stuff, you say! Unh Unh! Not so fast pilgrim!
Over the same period the government spent $29 trillion. Where did it find the extra $9 trillion? We weren’t taxed to fund that additional expenditure because the proletariat would have stormed the barricades surrounding the White House if taxes went up that much, roughly 44%. How would you behave if every regular purchase . . . milk, bread, etc. . . . went up 44%? Torches and pitchforks would be part of every taxpayer’s arsenal.
Trillion is spelled with a “T.”
Not a “B.”
Not an “M.”
Just saying... and Hillary wants it raised...
The Federal Reserve is creating money out of thin air. The Treasury gave up trying to sell Treasury bonds to find the government about 6 years ago.
What’s the difference between out economy and some banana republic that just prints whatever money el presidenté wants to spend? We don’t grow any bananas.
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