Although I see the value in many of your comments, every analysis I have seen indicates that increasing the income taxes for the rich will have almost no effect on the national debt.
I also understand the very rich already pay around 80% or so of all the income tax revenues.
So it would seem that the US just has to stop spending so much period. For example, the President of the US can serve one term and get $450,000.00 pension for life.
Is that reasonable? I don't think so. Presidents (and I think Obama is probably the worst to date), take trips all over the world at an astronomical cost to the taxpayers.
I wouldn't be surprised if the Obamas haven't spent over a billion dollars (maybe two or three times that) in his first term.
Anyone think the US has gotten its moneys worth on these trips?
I would like to see a taxpayers group have veto authority on all of the governments expenditures.
RickThai
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