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Roanoke Times, 6-8-11, Pg 17: Reaganomics: It’s not working. Large Ugly Political Cartoon mocking Paul Ryan’s Budget cut proposals.
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The US Owes $62 TRILLION (half-million $ per household)!
http://roanokeslant.blogspot.com/2011/06/us-owes-62-trillion-half-million-per.html
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Instead of standing-up to address this financial debt tsunami that threatens our security, our quality of life and financial systems, this articles author, the Democrats and Liberal Press continue to demagogue the issue, totally ignore the Obama Task Force Recommendations, wage class warfare on those Republicans and Independents who try to address the crisis and then tell the public that it’s Ronald Regan’s fault and that Joe Biden will fix it!
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In 2004, the wealthiest 25% of US households owned ($43.6 trillion) of the country’s wealth. Apparently The author of this “Reaganomics destroyed the country” article would like to not only increase taxes on these 25% of fellow Americans, but to make any significant reduction in the debt one would have to confiscate everything they own. Not unprecedented when one considers Karl Marx and the Russian Revolution.
Of course there would still be (62 – 44) = $18 TRILLION of debt to resolve and at that point there would be less than 25% of Americans who would be left to pay off that debt based on the fact that less than 50% of Americans pay any Federal Income Tax at all!
Sounds rather like the food distribution system used by the Donner Party!
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After these creative and innovative confiscations were completed the US would be reduced to less than a third world entity with the associated unemployment, chaos and collapse of our standard of living.
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WHAT A PLAN!
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http://roanokeslant.blogspot.com/2011/04/obama-democrat-credit-score-train-wreck.html
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