Blog #101...Time to Double Taxes!!!
Our President walks into a job where revenues to his company drop about 50% the day he enters in the door. Not only did revenues drop, but the previous administration left him with piles of debt that needs to be serviced. In addition, tax base from which the previous administration received piles of Ponzi $$$ is now much smaller while the expenses this President faces is much higher due to rising interest expenses, more unemployed and an aging population.
NEVER has an American President faced a 50% revenue drop in one year!!!!!!!!
My friends the math is simple...cut expenses in half which will place millions on the streets and shut down thousands of health care facilities just to cover record debt obligations, or increase revenues on the backs of a shrinking taxpayer base.
Just to MAINTAIN record deficits....our President MUST double everyone's taxes simply to avoid a bond dislocation taking interest rates into double digits and beyond. That is right, if taxes aren't doubled....it is very likely interest rates will more than double making a deep deep hole even deeper.
That is right kids....just to maintain record deficits we must double the current revenue stream......and expenses are going to skyrocket as more lose their jobs and the population ages.....so soon taxes will need to be tripled as the tax base shrinks further or there will be no money to keep the door open.
Remember, you are considered Zombulated when every dime of your discretionary income goes to taxes or you run out of savings......mathematically this will happen to all of us under the current policy.
Prepare for Zombulation!!!!!!! Welcome to Alstrynomics #101....see what happens when a bunch of really smart guys spend your money.......you get Zombulated and don't even know it;)