Friday, February 22, 2013 10:33 AM
The Deficit increased from the Great Recession of 2008.
Revenues declined and stimulus spending increased.
The 2014 projected deficit is $767 Billion down from $1400B in 2009.
Deficit 2012 was $1100B—2012 projected $901B—2014 projected $767B
We can very easily balance our budget just increase taxes on Wealth and Hi Incomes.
Eliminate tax havens. Loopholes. Stop out sourcing our good paying jobs.
We did it 1945-1980. We can 2012-2020. Fair Tax is a Must. It is a disgrace that we rank 3rd as Least taxed in OECD nations just above Chile and Mexico.
All the screams about corp tax highest on world is self serving junk talk.
In 2011, Corp paid 12.1% Tax Rate.
No one can honestly debate anti the current degree of Inequality in America.
We rank #4 on Inequality in OECD nations.
It is not 1%. It is 10% own us. 73% Net wealth—83% financial wealth---Get 50% individual income.
It is action time. Pay our way. Build industries and jobs in America unlike General Electric which has more employees on foreign soil than in America. Our huge GE plant vacant. Shame.