give them a cup full of pencils...
Posted on 06/22/2011 1:42:53 PM PDT by NoLibZone
It really torques me that Rats made these sweetheart deals with state and local employees where the taxpayer would be on the hook for virtually 100% of public employees’ pension. And then they didn’t even bother to fund the pensions as they went!
Yes, the calculations are not pretty. I think in the best scenario we’re in for some steep inflation rates over the next few decades. The ONLY mitigating factor I see is that most of the rest of the world is in worse shape than America is.
Welcome to the results of Jonson’s Great Society and dumping all revenues into the general fund from which graft and pork then flowed without thought to tomorrow. Johnson told someone that his approach would net a certain demographic votes for fifty years ... he knew how to re-enslave that group of people. And it has worked!
give them a cup full of pencils...
That's taxes of $41,940 over what this year's level is in 2041. That is a big rise if the taxes are raised only once but the same every year on top? I guess Inflation will likely render that number pretty level in constant dollars or even a loss for state and local governments. Or could it e a mental and linguistic fire for something like, "U.S. state and local governments will need to raise taxes by $1,398 per household and maintain that level for the next 30..."
Ya think they'd settle for some old used furniture and a lawn mower that won't start?
No problem.....it will be done with The Great Oppression known as Vampire-Care. The key hallmark the individual mandate.
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