Libertarian ping! To be added or removed freepmail me or post a message here.But the methodology is a bit ominous.
May be of interest.
“Uncle Sam In Your Pocket”
Always.
This is troublesome and it’s really very simple. Tax receipts are falling off a cliff. Our entire economic model of credit, call the last 25 years a supercycle of credit has burst. We are headed for the Great Depression part II.
The USA got two major market shocks in March and June. March was from the Housing market and the second was from spiking oil. Both are government failures whom legislated or faciliated the problem like the FED.
American consumers cannot avoid all culpability, we drank in some of the party but that was the tiny minority, NOT the majority of us, the responsible. And our little credit party was nothing compared to the $2 T skimmed from the top of Housing, Trillions in globalization since Bush I, Clinton and Bush II and hundreds of billions spent on absolute nothingness.
So it is wrong to go after the Middle Class. This is what has happened historically for 600 years, Europe is a model to see what occurs. The Middle Class are always the most visible for taxation when an economic model goes real south. The poor get entitlements and the rich escape.
The $1 B transfer from DoD to IRS is not a coincidence. It is to send agents to your home. If you owe taxes, you will get little notice to cough up immediately or you will have an armed agent escort you out on your dumper. Not all money is for armed agents, the IRS needs many more deskmen as well for those whom can restructure.
The Middle Class deserves better. The US government can do what is hard and clean it’s own House first, but that is not going to occur. We get fleeced, the economy collapses and then We the People take our government back. Good luck to you all and God bless! It will be OK, just not fun for the next decade or so...
Libertarian ping! To be added or removed freepmail me or post a message here.