I will give you the math one more time. We owe $16,000,000,000,000. The United States adds $1,400,000,000,000 in new debt every year. Roughly 165,000,000 people are in the workforce and pay taxes. The average wage for each Amreican is roughly $26,000 which is based off of the entire population of 310,000,000. Since only 165,000,000 work, the average income for those working is about $49,000. If the 165,000,000 who work are the only ones who contribute their taxes, then they will be the ones who have to foot the bill for our debt.$16,000,000,000,000 divided by 165,000,000 comes to $97,000.00 per person or $194,000.00 per household. If each person makes $49,000 per year is on the hook for $97,000 the numbers simply don't work. Add the additional $8500 in new debt per year for each person and the numbers really don't work. Obama says that he will only tax those households making over $250,000 per year which is only about 1 in 50. There are about 116,000,000 households in America. That means that 2,320,000 households will be expected to pay $16,000,000,000,000 in unfunded debt for our country. This means that each household that only makes $250,000 per year will be on the hook for about $7,000,000 for the current debt and will have to add $604,000 every single year in new debt for the $1,400,000,000,000 we add to the 16,000,000,000,000. Remember, these numbers are in addition to the taxes all of these individuals already pay.<quoted text>before anyone should post an answer to the above mentioned questions ... some important questions should be asked and answered... what makes you think that people making under that amount will have to pay more ? how will they pay more? and how do you know that the administration has no intention on reducing the deficit? and i do not think your wrong.. i know your wrong and have proved it time and time again.
These figures lead me to beileve that the threshold of those who see extra taxes will come way below the $250,000 threshold. My guess is it will end at $50,000 which still won't be enough considering just how much we owe. The simple math of the problem is what leads me to believe that our government, republican and democrat, have no intention of paying any of this back. If they do think that America can afford to pay it back then they are the worst possible people America could have in control of our financial future. This is my side of the argument and why I believe what I believe. Now, if you would please use whatever numbers the Obama administration is using and take me through the "path to prosperity" Obama seems to be preaching that his budget will take us down. If you give me your numbers I will give them a fair shake. Believe me, the last thing I want is for America to fall. I would love to see America prosper whether it is under Obama or whoever. I simply don't think Obama's policies will do anything but bring us to our financial knees.