by Jeff Herman, October 23, 2011
Forget about Cain's 9 9 9 tax plan....., to stimulate the economy and create jobs, I propose a 100% tax CUT!
That would really get the old economy going. No more arguing about who pays what taxes, let everyone get a 100% tax cut. This should surely get bipartisan support.
Instead of collecting taxes, we can just borrow the money from foreign investors!
If we can borrow $1.3 trillion a year to stimulate the economy and never plan on paying it back, why not borrow more and really stimulate the economy.
........................................................................................................................
The inconvenient truth:
Eventually we will have to pay the money back, or inflate our currency, or default on our debt.
Whether it is $15 trillion going up by $1.3 trillion a year, or $15 trillion going up by $3.5 trillion a year, does it really matter?
But it certainly looks worse to fund 100% of our expenses with borrowed money rather than just 40%. It would also make it more obvious how irresponsible we are.
Can you begin to see what a mess we are in, and that cutting our addiction to debt is the only way to save our country.
Courtesy of the book AFTERSHOCK.
Forget about Cain's 9 9 9 tax plan....., to stimulate the economy and create jobs, I propose a 100% tax CUT!
That would really get the old economy going. No more arguing about who pays what taxes, let everyone get a 100% tax cut. This should surely get bipartisan support.
Instead of collecting taxes, we can just borrow the money from foreign investors!
If we can borrow $1.3 trillion a year to stimulate the economy and never plan on paying it back, why not borrow more and really stimulate the economy.
........................................................................................................................
The inconvenient truth:
Eventually we will have to pay the money back, or inflate our currency, or default on our debt.
Whether it is $15 trillion going up by $1.3 trillion a year, or $15 trillion going up by $3.5 trillion a year, does it really matter?
But it certainly looks worse to fund 100% of our expenses with borrowed money rather than just 40%. It would also make it more obvious how irresponsible we are.
Can you begin to see what a mess we are in, and that cutting our addiction to debt is the only way to save our country.
Courtesy of the book AFTERSHOCK.