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Originally Posted by Truth-Bringer
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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Failing to adjust for inflation over a 10-year period is a mistake, not a valid alternative.
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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 debt.
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Clearly, reducing the debt reduces costs in the long-term.... but it increases costs in the short term. There ain't no free lunch.
Plus I'm sure you have an interesting definition of "non-essential." Considering that Ron Paul's definition of that term includes most of our military, the Dept. of Education and various other entities.