How would YOU solve the budget Crises
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"Resist, we much. We must, and we much. About that, be committed."
The US does have one of the highest tax rates in the world (the highest most likely). In addition to excessive fees (which are nothing more than a thinly weiled tax), US companies typically pay taxes at three levels: Local, state and federal. Companies in other countries do not have to pay on so many levels.
The effective US tax rate is about 60%. You will be hard-pressed to find a country with higher taxes.
Cut spending 60%, cut taxes 30%. Phase
What is your source for those figures?
It is a self-generated composite.
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Haha!
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
"Haha! Links would be appreciated"
Experience shows that isn't the case.
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Okay......whatever you say!
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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php
http://www.youtube.com/watch?v=DQTBYQlQ7yM
Yes, I hear rubbish like that often. I notice your 'supporting evidence' is the CPI which tracks core inflation It doesn't include basic expenses like food, fuel and electricity. I'm sure for enlightened people as yourself, such things are free and therefore can be excluded, but the unfortunate reality is most people have to pay for their food, electricity and gas. And for those people, the cost of living has inflated 9% under BO.>
I think we can expect to see increasing interest rates now that the US has been downgraded, which if I understand economics enough, will translate to inflation.
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