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National Debt, the cure

Discussion in 'Politics' started by NoBailOutBoy, Sep 7, 2012.

1. NoBailOutBoy

NATIONAL DEBT

THE FOLLOWING INFORMATION HAS BEEN TAKEN FROM THE NATIONAL DEBT CLOCK .ORG

On Sept. 4, 2012 at 6:31pm the national debt clock ticked up to \$16,000,300,000,000.
On Sept. 6, 2012 at 1:26pm the national debt clock ticked up to \$16,005,591,000,000.

Mathematically, the national debt increased \$5,291,000,000.00 in 42 hours & 55 minutes or at a rate of \$2,054,757.00 per minute.

ACCORDING TO THE U.S. CENSUS BUREAU JULY 2011, THE TOTAL U.S. POPULATION WAS:
311,591,917 MEN, WOMAN, CHILDREN AND ALL THE ILLEGALS THEY COULD COUNT.
Accordingly, the amount per minute (\$2,054,757.00) divided by the total population
(311,591,917) men, woman, children & illegals the costs would only be \$0.0066 cents per minute per person to keep the amount of debt from rising any further. Such a payment would not reduce the debt though. Obviously, the logistics of collecting \$0.0066 cents from each and every person each and every minute of each and every day would be prohibitive. So lets just assume each and every Man, Woman, Child and Illegal Alien were to pay their fair share annually.
The equation would look like this:
\$0.0066 x 60 minutes = \$0.40 cents per hour x 24 hours = \$9.50 per day x 365 days = \$3,466.01 per year, per person, forever. In order to maintain a 16+ Trillion Dollar Debt.

Of course it wouldnât be fair to ask everyone in the 2011 Census to pay. The young children, the elderly, the stay at home moms, the disabled, the unemployed, the underemployed, the poor, the disadvantaged, even the lazy and the tax cheats are exempt from this debt and will have to be made up for by the rest of the population. And, it certainly would not be fair to ask people making less than \$200,000.00 a year to make a \$3,466.00 additional payment each year above their already high taxes. That would surely be ridiculous. Imagine what that would do to the economy.
Based on information from the IRS, about 3% of tax returns (3,924,000 returns out of 140+ million total returns) claimed more than \$200,000 in adjusted gross income in tax year 2009 (the most current data I could find). Assuming the people making \$200,000 and more per year, could magically fart out the additional money needed, how much more would it cost them above and beyond what they are already taxed so they would be paying their fair share?
\$2,054,757. Per minute debt divided by 3,924,000 âThree Percentersâ equals only \$0.52 cents per minute each. \$0.52 x 60 minutes = \$31.42 per hour x 24 = \$754.04 per day x 365 days = \$275,224.37 more per year, per Fat Cat, forever.

Lets Tax Those Fat Cat Scoundrels Right Out of the Country!
VOTE
OBAMA / BIDDEN
2012
(SHARED PROSPERITY)

2. peilthetraveler

So you want people who are making \$200k per year pay \$275k per year MORE in taxes? They pay every penny they make, then go in debt on their credit cards another \$75k and then after that they can start to buy things like food and shelter for their families? Thats what you want?

3. NoBailOutBoy

It seems to make sense to about 99% of this country. What do you find wrong with it?
Are you a One Percenter or what?

4. BSAM

What nonsense.

Declare the dollar insolvent.
(The debt can never be paid off. No, it can't.)
Create a new currency based on the gold standard.
Add a balanced budget amendment to the Constitution.
Implement something very similar to: www.fairtax.org

We have no revenue problems.
We have spending problems.

All these politicians keep all you people confused and angry at one another.
The first thing most of you need to understand is that the government isn't your friend.
You shouldn't be arguing among yourselves.
You should be working to control the whores in D.C. via the voting booth.

5. Lucrum

I thought you said you didn't vote.

I don't.

7. Lucrum

But
You want the rest of us to control D.C. via the voting booth?

8. BSAM

It's a suggestion.
No need to get carried away.
Try not to concentrate on one sentence.
Got anything positive about the other parts of my post?

9. Tsing Tao

What fucking nonsense. And pray tell, once those "Fat cats" leave, who then will you tax to keep your utopia going?

10. Lucrum

I MAY be wrong, but isn't the OP being sarcastic?

#10     Sep 7, 2012
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