Feds Say 68% income tax hike for 3 generations

[tctctctc]

And they blame YOU, for electing Congress, who created the debt.

We have a $99 Trillion debt! Owed to 'unfunded liabilities' and Medicare. Equaling $500,000 per household.

Read this speech:

Richard W. Fisher
Storms on the Horizon
Remarks before the Commonwealth Club of California
San Francisco, California
May 28, 2008
http://dallasfed.org/news/speeches/fisher/2008/fs080528.cfm

========================================================
Bill for taxpayers swells by trillions
Deficit far bigger than government estimate
By Dennis Cauchon
USA TODAY
http://www.usatoday.com/printedition/news/20080519/1a_lede19.art.htm

[ChuckToddFacts]

1. ChuckToddFact.com

Well this STUPID war is not only killing our young men and women, but's costing YOU and I $100,000 per MINUTE according to some estimates. This just makes me sick!

We need a DEM in '08!

[tctctctc]

3. US HOUSE just approved $600 Billion spending for the Pentagon

That was just last week. And don't we have a Dem majority?

The Feds said, both sides of the aisle spent it over decades.

'Unfunded Liabilities' are Boomers pensions and Social Security. Congress borrowed from those trusts all during their productive years. So did state and local govts.

The first Baby Boomer opened her Social Security acct today.

[Mojorabbit]

2. bookmarking

to read tomorrow. Thanks!

[drexel dave]

4. As if people will actually pay that

ridiculous. It's called squelching on our debts, and that is exactly what is going to happen.

[eppur_se_muova]

7. Actually it's "welshing", and is now considered un-PC ...

especially among those of Welsh ancestry. :)

[drexel dave]

8. That's why I added the S!

;-)

[eppur_se_muova]

9. The court finds you Not Guilcup!

:evilgrin:

[Divernan]

5. Helluva distortion/lie to blame it on SS/Medicare instead of the damned Iraq war.

And everything else in the budgets devoted to the US's war mongering around the world.

[tbyg52]

6. Trying to pin it on the Dems on the way out, I see..... nt