Neither do the poor or middle class. But yes...Warren buffet alone could pay down the debt if he wanted to.
-----Original Message----- From: Sam [mailto:[email protected]] Sent: Tuesday, April 19, 2011 03:27 PM To: cf-community Subject: Re: [politics] Cost of tax cuts for the rich exceeds gains by budget cuts On Tue, Apr 19, 2011 at 4:08 PM, Gruss Gott <[email protected]> wrote: > Getting rid of the loopholes alone would allow a top rate tax CUT from > 35% to 30% and would still easily pay down the debt if we included > modest spending cuts. The rich don't have enough to pay down the debt > Of course that's not going to happen due to lobbying which is why our > debt was downgraded. > > Further the US has 3 other problems: > > 1.) we're addicted to a global consumer economy (cheap consumer goods) Saving money is an addiction? Buying cheap goods leaves us more money for quality items. Providing we don't re-buy things that keep breaking. > 2.) we're mortally connected to the global monetary economy (existing > US system will crash with a world crash) That's how the world works, nothing changed here. > 3.) we're mortally connected to oil Mortally? We're mortally connected to the green scam. > And finally, all of the existing structures that caused our crash in > 2007 are now all WORSE. Friends in high places and all that. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336493 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
