XPost: alt.fan.rush-limbaugh, alt.home.repair, sac.politics   
   XPost: talk.politics.guns   
   From: me4guns@verizon.removeme.this2.nospam.net   
      
   "Mitchell Holman"  wrote in message   
   news:XnsB19654CAE594D629555@185.151.15.160...   
   > Thank Joe Biden Democrats  wrote in   
   > news:5af043f071b0068d25570d415a641a89@dizum.com:   
   >   
   >> The United States is on a pace to add trillions of dollars to its   
   >> national debt over the next decade, borrowing money more quickly than   
   >> previously expected, at a time when big legislative fights loom over   
   >> taxes and spending.   
   >>   
   >> The Congressional Budget Office said on Tuesday that the U.S. national   
   >> debt is poised to top $56 trillion by 2034, as rising spending and   
   >> interest expenses outpace tax revenues. The mounting costs of Social   
   >> Security and Medicare continue to weigh on the nation's finances,   
   >> along with rising interest rates, which have made it more costly for   
   >> the federal government to borrow huge sums of money.   
   >>   
   >> As a result, the United States is expected to continue running large   
   >> budget deficits, which are the gap between what America spends and   
   >> what it receives through taxes and other revenue. The budget deficit   
   >> in 2024 is projected to be $1.9 trillion, up from a forecast earlier   
   >> this year of $1.6 trillion. Over the next 10 years, the annual deficit   
   >> is projected to swell to $2.9 trillion. As a share of the economy,   
   >> debt held by the public in 2034 will be 122 percent of gross domestic   
   >> product, up from 99 percent in 2024.   
   >   
   >   
   >     And the cure for that is more tax cuts,   
   > more borrowing, and less enforcement of tax   
   > laws. Right.   
      
   Well.... we've tried raising taxes, more borrowing and strong enforcement of   
   the tax laws.. and all it's gotten us is larger debt.   
      
   Here's an idea... if politicians spend more than 95% of the revenue..   
   (remaining 5% to pay down national debt) they can't hold public office. Is   
   they have to borrow money to keep the government solvent, then the first   
   thing confiscated are their pensions, then bank accounts, investments,   
   stocks, bonds, and finally property, and if they declare bankruptcy they are   
   removed from public office.   
      
   I bet they would figure out how NOT to spend all our money then.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)