A blog for those politicos looking for a place to vent!
Sunday, April 10, 2011
USA 2010 Income Statement
Click graph to enlarge
Doesn't it seem to make sense that we should hold expenses to no more than the projected revenue? At least that's what I must do myself or I would have to file for bankruptcy
The only way I see this entire house of cards not tumbling is if the government doubles revenue immediately. Tax rates are about as high as they can go without adverse effects on the economy, so they need to double every ones income. Expect to see runaway inflation. It's going to suck if you receive Social Security or have a CRP contract.
The only way I see this entire house of cards not tumbling is if the government doubles revenue immediately. Tax rates are about as high as they can go without adverse effects on the economy, so they need to double every ones income.
ReplyDeleteExpect to see runaway inflation. It's going to suck if you receive Social Security or have a CRP contract.