bcmaui wrote:Professor Sheen - Reagan was re-elected. Jury is still out on Obama - my hunch is that he will only serve a single term, but only time will tell.
One thing is for sure - the amount of federal taxes that I am payng is already much lower in 2009 than it was in 2008 as my last paycheck was in March.
If federal spending in 2003 was out of control..
http://www.boston.com/news/nation/artic ... ince_wwii/
..I dread to see what 2009 finally comes in at.
I don't think we can bail out the banks (Bush's 700 billion - albiet Goldman Sachs, Morgan Stanley and several others have paid their loans back already), pass a "stimulus" bill (another 800 billion), pass a new cap and trade energy tax (? billion), purchase an automaker (80 billion), and provide government sponsored health care to anyone, regardless of citizenship status, who does not (or can not) purchase it on their own (? trillion) without significant impact to the standard of living of most people here.
There is a limited amount of other folks money that you can take away from them, the rest you are just printing and priming the economy for more inflation. If everyone making over $200,000 per year paid 100% in taxes you would only make a dent in what is being spent at this time.
ummm...I was quoting "Ferris Bueller's Day Off", not trying to engage you political debate.
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