Our P.O. has proposed a deficit for the next fiscal year of $1,600,000,000,000. With a population of approx. 308,663,076 this means each person will owe an extra $5183 without considering the interest which will compound each year.
The budget is $3.6 trillion so 44% of it is not funded. The estimated median income for a family of 4 is $70,354 (10/08 to 9/09 with the unemployment it is probably much less now). So P.O. has spent $20,732 out of the $70K+ or 29.5% for that family. I really don't want my Grandkids to pay for this!
Of course, P.O. has a solution tax the rich! Tax the small business owners who create the majority of the jobs in the US. P.O. get a CLUE!
A $1.7 billion average increase in electricity costs is estimated to result in a $1.3 billion decrease in personal income and a loss of 13,000 more jobs in the region. Greg Walden
A broken heart is a very pleasant complaint for a man in London if he has a comfortable income. George Bernard Shaw
A large income is the best recipe for happiness I ever heard of. Jane Austen
All progress is based upon a universal innate desire on the part of every organism to live beyond its income. Samuel Butler
An income tax form is like a laundry list - either way you lose your shirt. Fred A. Allen
The natural and rational gauge and measure of respectability, the commonly accepted standards being artificial, arbitrary and fallacious; for, as "Sir Sycophas Chrysolater" in the play has justly remarked, "the true use and function of property (in whatsoever it consisteth -- coins, or land, or houses, or merchant- stuff, or anything which may be named as holden of right to one's own subservience) as also of honors, titles, preferments and place, and all favor and acquaintance of persons of quality or ableness, are but to get money. Hence it followeth that all things are truly to be rated as of worth in measure of their serviceableness to that end; and their possessors should take rank in agreement thereto, neither the lord of an unproducing manor, howsoever broad and ancient, nor he who bears an unremunerate dignity, nor yet the pauper favorite of a king, being esteemed of level excellency with him whose riches are of daily accretion; and hardly should they whose wealth is barren claim and rightly take more honor than the poor and unworthy."(DD)