old progrmr Wrote:
Nov 15, 2012 2:34 PM
We must understand that radical leftists like Trumpka and Obama really believe that the deficit and debt are not serious problems. They are convinced that the debt can be ignored as long as interest rates are low and it doesn't cost much to finance the debt/deficit. In addition,in the long term, they have convinced themselves that they can "handle" the deficits by simply increasing taxes, not only on the greedy rich, but also a little at a time on everybody who works, invests or saves. Average taxation in Europe is about 40% and only about 23% in the USA. The leftists want 40% to 45% effective rates here; as well as getting their hands on your 401K, IRA's and bank accounts. Hell, with all that money, what's the problem?