Ping for CWII ping list. The facts are both vivid and depressing. What is the response to most Americans to the open looting that is going on? (Today's $100 Million bonus's to the very unit of AIG that bankrupted the company is a great example).
Is there any point where it becomes too much to bear? Have we been so sheeple-ized that we will just acquiesce to all this? Does the idea of our kids paying 75% of their income in taxes (and perhaps still not getting health care for it) upset anyone?
If, or maybe I should say when the US goes bankrupt, we will have exactly that. I do not think the American people are going to BOHICA when it happens.
I believe an historic economic collapse is now all-but inevitable; it might well be forestalled by purposeful (and immediate) action; even then, we'd be in for an extended period of painful financial retrenchment. But our internationalist elites (the author's "Master Class") have no interest in reversing course when they may yet profit from the coming crash, and may eventually seek to forcibly control those who refuse to submit to their will.
I would not bother investing quite as much in gold as I would in food, clothing, fungible commodities, communications equipment and more immediately useful metals such as copper and lead. By the way: I have two of those Gadsden flags on display at my house and expect to see them multiply in the coming months. Good luck.
You are right. It is sickening. What happens next? Are we going to stand for this?
If you take out the party politics....well... citizens need to go after these people.
Is there any point where it becomes too much to bear? Have we been so sheeple-ized that we will just acquiesce to all this? Does the idea of our kids paying 75% of their income in taxes (and perhaps still not getting health care for it) upset anyone?
Great flag.
Don’t we pay 75% of our income in taxes already???
Feds 39%
State tax 11% = total so far of 50% taxes.
++++++++++ Self employed SS taxes of 15% (!!!!!!!!!) =
so far 65% TAXES.
next: fica, other taxes add up to what 5% ? So total so far is 70% ??? Right?
Now, let’s go to the store and buy something whoooooops 8.5% sales tax!!!
Aren’t we at 78.5%. ????????
If we are truthful and pay all they demand of us ..................
Park fees? Passports at $100 each. Toll roads? Gas tax? Sin taxes. Licenses??????
And don’t die —— gotta sell everything at firesale (90%) off prices)
after you already paid taxes on all the above .....
No one is revolting or fighting back, we all just take it.
Forever???
Getting worse?
What to do?
The Obama is proposing a $1.5T deficit for 2010/11.
That’s $5000 per citizen per year.
Crunching the math for my family sans details...
That’s $80,000 _I_ will have to earn to pay off my at-gunpoint “fair share”.
The deficit only gets bigger every year (clever accounting included).
That’s $80,000 for _every_d@mn_year_ I’m responsible for my kids’ “fair share”.
That’s $1,600,000 I’ll have to earn before I retire - not for existing debt, not for unfunded liabilities, just to cover the deficit starting today.
Maybe we could arrange for me to pay off this year’s $20,000 to avoid interest accumulation over the next couple decades.
‘cept I don’t have an extra $20,000 to get it over with now.
I won’t have $1,600,000 to spare in the future.
I don’t have $20,000 to pay off my family’s share up front this year - nor will I for years to come.
I don’t have $5000 to spare now for my own share for this year.
It’s gonna break.
The money just ain’t there to the tune of $1,500,000,000,000 per year for ever.
Not to mention whatever must-spend future additional deficit tacks on.
Forget 75% tax rates for the kids.
Forget whether or not there will be health care (gov’t-supplied or not).
The money _just_ain’t_there_.
I know when debt hits the tipping point. It’s a lot lower than optimistic statistics declare. A LOT lower.
It’s not a matter of balancing the budget. It’s a matter of cutting the budget by _at_least_ 2x the deficit _JUST_ to tread water, and 3x _JUST_ to START paying off that debt in anywhere close to the time it took to accumulate it.
Translation: we’ll have to dump the entire federal budget into paying off the debt, starting now, just to START cutting it down at a rate comparable to how it accumulated.
Brace for impact, folks.
Rice is cheap now.