tag:blogger.com,1999:blog-8914550690047945838.post5656121370016205437..comments2009-07-14T12:02:33.341-05:00Bull Bear Traderhttp://www.blogger.com/profile/08111669522137520466noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8914550690047945838.post-76406405585637163792009-07-14T12:02:33.341-05:002009-07-14T12:02:33.341-05:00Yes. You cannot get there by just taxing the wealthy, which itself is a moving target. Something has to give on the spending and/or tax side.Bull Bear Traderhttp://www.blogger.com/profile/08111669522137520466noreply@blogger.comtag:blogger.com,1999:blog-8914550690047945838.post-74980752684762716012009-07-14T10:42:53.718-05:002009-07-14T10:42:53.718-05:00What leaps off the page at me in this list of facts wasn&#39;t the fact that this year&#39;s deficit will be 4 times the deficit of just last year (2008). I&#39;ve heard that before! That figure alone boggles the mind, defying comprehension.<br />What shocks my brain is the realization that this current year&#39;s deficit is 11.5 times that of just two years ago ($161.5 billion)! We&#39;ve increased the deficit by a multiple of TEN in just two years? How can we do that -- and get away with it? I can&#39;t comprehend that!<br />This year&#39;s deficit also is far more than all individual income tax revenues for the entire year. Imagine that! The deficit -- ALONE -- is more than the government&#39;s total individual income tax revenues for the entire year. <br />This year&#39;s deficit is also now HALF of the entire budget! The interest alone is going to crush us!<br />How can we keep this up without a train wreck? It defies explanation -- or justification, in my mind!S Benardhttp://www.blogger.com/profile/13505057247204928237noreply@blogger.com