Monday, February 01, 2010

o'finger-in-the-dike - Economy: On the brink of collapse

"Were we directed from Washington when to sow, and when to reap, we should soon want bread." -- Thomas Jefferson (b.1743-d.1826), 3rd President of the United States: 1801-1809

o'who? What!
$1.560,000,000,000 deficit
$3.800,000,000,000 budget
Tax increases all sorts including personal raised up to 39%!
If the #3+ trillion dollars of tarps & bailouts had not been spent, the U.S. could have had NO FEDERAL TAXES for 1 year and 9 months!
By pushing revenue collections into 2010 the economy will look better before the November elections; but, afterward ...look out.  Our economy could fail and fail drastically.

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