“Being in a minority, even in a minority of one, did not make you mad. There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not mad.”
Federal debt as of 12/05/11: $15,068,133,903,969.13
Federal debt as of 12/04/12: $16,347,055,651,380.32
That's roughly $1.3 trillion in debt over the last calender year. In Washington, our President is absolutely demanding tax hikes on the "top 2%" which will supposedly raise $1.6 trillion over ten years. That's $160 billion per year, assuming of course rich people do not abandon this country. The United Kingdom just jacked up taxes on their rich and now collect $11 billion less in revenue than they did before.
$1.3 trillion minus $160 billion is still well above a trillion dollars in the hole per year.
This is not a serious plan for a very serious issue. This is purely about attacking innocent civilians who can only be accused of being successful. And our electorate put Obama back into office purely for this politics of envy.
No wonder Washington is so dysfunctional.
The truth is, we are going bankrupt. The President's plan is not even aimed at this problem but at attacking people he despises for no particularly good reason. And the American people are so damn ignorant that they can't even do the basic arithmetic to find out his glorious plan leaves us a trillion short for the upcoming year.
It's not so much that the future isn't bright as that it's horrific. And it is incredibly frustrating to realize my future is tied to this ship where the captain is a petty minded fool and the rest of the passengers are convinced the ship cannot sink.