> RoMunn wrote: > On the issue of repaying the debt, raising tax rates will not lead to higher > tax revenues, it just doesn't work that way.
I don't think you're getting the magnitude; we're not talking about a few billion, we're talking trillions. What you're essentially saying is that to solve the debt problem, we'll become Zimbabwe (or early 20th century Germany). Right now people are literally carrying around money in wheel barrows, but people will take the wheel barrow for payment instead of cash. In other words, if you're thinking we can inflate our way out of the debt then you ain't getting it. It would destroy our entire country. So say what you want about taxes, but it's the only choice. Default and massive inflation would mean we're a 3rd world country. So that'll be the choices: (1.) live in America and maintain the American way of life, albeit with 20% higher taxes, or (2.) Turn America into a 3rd World country, or (3.) Move (not mutually exclusive with #2) Given the fact that I was about 80% ready to flee until November I can only think what will happen if we choose default of massive inflation. If you choose to stay you'll have to give your kids mohawks, treat them to battle scream, and how to assault moving convoys. America, as we know it, exists until it doesn't. And on Sept 24th, 2008 we came a hair's width away from doesn't. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:288291 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
