DW_a_mom wrote:
Crack pot.
Income taxes have been going down for my entire adult life. We have more "economic liberty" now than when I entered the work force.
Fact.
Its not about what YOU are paying now.. its what your grandkids will be paying. As things are right now taxes must be increased and budgets must be drastically trimmed.
Its funny to see how so many refer to the old days.. the 50s to the 80's as basis for economic power of the US...and fail to realize that post WW2 the US was the only nation whose industry and infrastructure had not been slagged to hell several times over.
Start the 80's the Euro and Asian nations that got hurt in the war had rebuilt and their economies and infrastructure started rolling big time. That's when the US began to slowly and steadily lose its industrial dominance....US markets adapted following profits by outsourcing and globalizing.Now it barely has industrial output compared to these other nations and that is very,very bad.
Right now the US simply has a huge consumer market and has spent the last of its 'good times' savings money and borrowing like mad. 14 trillion in debt ... and counting.