Düngéôn of DOOM (There is treachery afoot!)

[dumdeedoe]

Ok lets go through this,,, cut all tax, but tax dollars are used in the economy right? giving a welfare person 12,000 dollars is the same as letting a non welfare person keep it, as both are going to spend it on stuff. Those dollars are going to circulate back into the economy, right? (trouble is a 600 billion a year in trade deficit is a large leak..)
But,but the debt will kill us,,,, humm national debt is paying off bond holders that then circulate that money back into the economy.
Tax money will be used for creating jobs or paying off debt. (which only 80% of the debt is American bond holders so debt has a economic leak of 20%) to put that into monetary terms: our interest on the debt is around 500 billion a year so 20% of that is a 125 billion dollar leak... So we are leaking 725 billion dollars a year to foreign peoples.. with our 14.5 trillion economy that is a very basic leak of 5.25% a year.... So just to keep up the fed prints more money, dollar value goes down, and so does our nation.
Warren Buffet,Paul Volker and many others have been saying this for years,but the brainiacs in charge; Greenspan,Geither,and Bernake and crew have said no, no, you don't understand about the global economy like we do...

The bottom line is you have to stop the leaks.
Politics have always made me laugh how they target things that mean very little but in their mind mean a great deal...

Germany has a welfare society with a 45% tax rate and is used to 8-12% unemployment they pay good union labor wages(15-20% higher than ave. American wages.) they don't have the resources or the manpower to compete with America on a global scale but they understand how to manage their economy and most importantly live within their means... Yes they have made bad investments into some PIIGS. but with a trade surplus and very little national debt, they are in a controllable position. America position is fast becoming uncontrollable.