UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next
Author: backslash Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757347  
Subject: Re: Politics screwing it all up Date: 2/1/2000 1:28 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Of course, if the economy keeps going gangbusters like the last 10 years, they won't have to do any of the above because they will be awash in huge amounts of tax dollars.

Do you actually think a surplus of tax income will keep them from continuing to spend our wealth faster than we can create it? Did you listen to the president's Stae of the Union message? He was proposing new spending plans at a rate of $139 million per second of his speech:

* Length of speech: 89 minutes
* Total proposed new/increased federal spending: $743 billion ($400 billion for Medicare, $343 billion for other programs)
* Proposed new spending per HOUR of speech: $495.3 billion
* Proposed new spending per MINUTE of speech: $8.3 billion
* Proposed new spending per SECOND of speech: $139 million
* Total proposed new/expanded federal programs: 101

So, in the first place I doubt very much we can continue our prosperity at the same high levels for the next 10 years (MHO), but even if we do, the govt will spend every penny they get and come looking for more, unless we all do whatever we can to decrease their power over our financial situations.

Harley
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement