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Originally Posted by raytri
Well, "mostly true" if by that you mean "plus or minus 30%."
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Give me a break. Even the article notes the 30% figure isn't exact and is roughly adjusted for inflation ( is caused solely from government action - printing too much fiat currency). They then conclude with a statement acknowledging the actual 12% figure.
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And recognize that to get there you need to make drastic cuts in spending.
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Not if you sell off some non-essential federal assets to pay down on the national debt - thereby reducing the tax revenue needed, currently over one third of the income tax, to pay down on that interest.
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"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Schopenhauer
Last edited by Truth-Bringer; 01-30-2008 at 12:41 PM.
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