Death and Taxes

[Yoink 7]

approximately 100,000,000 tax payers in the USA

850,000,000,000 stimulas (2009)

700,000,000,000 bailout TARP funds (2008)

1.55 trillion

$15,500 per taxpayer

I hope financial experts know what they are doing

[Ban Hammer 14,268]

don't worry, the rich will pay for it!

[Peikko 1,575]

I will worry, I don't think this is going to help - I want the government to recognize there are some things they can't fix. However, if we do go into a depression, there will be millions of people who will require some form of assistance, or welcome to the age of the third world US. Is that what you want?

[Trumplestiltskin 5,791]

On that score those figures don't include the $$$ claimed in welfare benefits from the rising number of unemployed.

[Dan J 277]

approximately 100,000,000 tax payers in the USA

850,000,000,000 stimulas (2009)

700,000,000,000 bailout TARP funds (2008)

1.55 trillion

$15,500 per taxpayer

I hope financial experts know what they are doing

The important number is this:

GDP: 14.3 trillion

We are only at about 10% of our GDP so far. Other countries have spent much more relative to their GDP in the past to get out of a recession.

Edited January 27, 2009 by Dan + Gemvita

[Lansbury 19]

There is no such thing as a financial expert. If there were we wouldn't be in this mess.

[NickD 203]

Far more concerned about taxes right now than death, but death seems to be the easy way out. Just can't believe what our government puts us through each year, 1,025 different IRS forms? Is that really necessary? How about death to the IRS?

[GiGii 4]

Wait till China recalls some loans to the US, or forces lump payments. US would equal death. Good thing we have spouses from different countries, we can always claim citizenship somewhere else.

[Nagishkaw 510]

There is no such thing as a financial expert. If there were we wouldn't be in this mess.

[Jasman0717 9]

I will worry, I don't think this is going to help

I agree, this is scary stuff

On that score those figures don't include the $$$ claimed in welfare benefits from the rising number of unemployed.

Our claims continue to increase daily and we just laid off 210 elibibility technicians so line staff are doing more with a lot less.

[alienlovechild 75]

The important number is this:

GDP: 14.3 trillion

We are only at about 10% of our GDP so far. Other countries have spent much more relative to their GDP in the past to get out of a recession.

You're a little off there. Ok, you're way off but yes other countries blew more money compared to their economy but not all increased government spending guarantees an end to recession.

"Current Federal Government debt as a percent of GDP stands at 40% or $5.8 trillion."

http://seekingalpha.com/article/116929-u-s...must-be-reduced