The fact is that taxes are too high. The problem is that our federal government has a $5.5 trillion deficit and is growing this year due to the tax cuts. According to the Congressional Budget Office, the deficit will increase by $1.2 trillion as a result of the tax cuts. Even in the best economic scenario, the deficit will be an additional $400 billion in the next decade.
At least the U.S. economy is doing well right now thanks to a booming stock market, rising consumer confidence, and increasing consumer spending. But the budget is still very much a mess. Our government’s deficit is now bigger than it was at the 2008 peak. Our deficit is growing faster than our economy is growing. The tax cuts are a good thing because they help the economy, but they are not the sole reason why we are broke.
We can’t get out of our way to turn our economy around. We’re still paying for the wars in Iraq and Afghanistan. We’re still spending our way out of this debt crisis. We’re still spending a lot on new programs, and a lot of these new programs are not only wasteful, but they haven’t been tested. We’re spending money on things that are not working.
the only way we are going to get our economy growing again is if we address our debt. We have to be willing to spend some of our money elsewhere, even if it means paying more taxes. The way to make that happen is to raise the debt ceiling. We might have to do this while the economy is growing, but if we don’t raise the debt ceiling, the government will be able to continue spending our money even if we stop growing.
The best way to raise the debt ceiling is to simply have the government go bankrupt. In other words, if the government can not pay its bills, they have to declare bankruptcy and the government will simply re-nationalize their debt. Once that happens, it’s game over for the government and the taxpayers. This would be a very bad thing, because the government would then be forced to fund its programs through tax receipts.
Taxes are always too high, that’s why we tax people. The problem with taxes is that they are never going to pay you back.
The big difference between taxation and financing a public program is that taxes are paid to the government on behalf of the people, whereas financing a public program is a state or city or county that provides the money to the government. In this case, the government would need to re-nationalize their debt, and this would cause the tax receipts to drop.
Taxes are too high because the government doesn’t pay you back. Taxes are paid to the government on behalf of the people, but they don’t pay us back. Rather than pay us back, the government taxes us, and since taxes are always higher than revenues, they get higher. This leaves no money for public services, so the government then gets to decide what they’re going to do with that money.
So now we have the government taxing us, but we cant pay them back. We then turn to the government for help. Taxing us without pay, and with no option for getting back our money, is just a crazy idea. So we turn to the government for help.
Taxes are a great idea, and in the right hands, can be a great tool for helping the government get more money to spend. But it is a crazy idea, and many people who are not careful about taxes don’t pay them. The government takes taxes and spends them elsewhere. And this is how the government gets to decide what to do with your money. In the old world of America, we had the option to use that money to build schools, roads, health care systems, etc.