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PETRUS

(3,678 posts)

7. The federal government can increase revenues at will.

Reply to TalkingDog (Original post)

Wed Dec 28, 2011, 02:40 PM

Dec 2011

Households can't. And balancing the budget right now would likely send the nation into a downward spiral resulting in an even greater concentration of wealth at the top.

Not that I'm happy with the composition of the budget or the nature of Federal policy.

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The US Government: Simplified [View all] TalkingDog Dec 2011 OP

The GOP ran up the debt, handed the card to Obama, and now screams ... JoePhilly Dec 2011 #1

they're not just screaming stop spending, they're screaming "don't earn money to pay for it!" unblock Dec 2011 #2

Agreed. geardaddy Dec 2011 #6

The National Debt is your credit card, your car loan and your mortgage combined. baldguy Dec 2011 #3

I tell the wingnuts that the national debt is simple a measure Jackpine Radical Dec 2011 #4

+1 nashville_brook Dec 2011 #5

Yep... that's why I kinda balked at the description of that "line item". & ^^^ RAISE TAXES TalkingDog Dec 2011 #9

The federal government can increase revenues at will. PETRUS Dec 2011 #7

I'm right there with ya. Snarkoleptic Dec 2011 #8