Thread: Fiscal Cliff..
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Old 12-23-12, 02:57 AM   #7
magic452
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Quote:
Originally Posted by Jimbuna View Post
I always thought our UK deficit was large but the US one dwarfs that.

I sometimes wonder what percentage tax rise would be needed to reduce them over say a ten or twenty year period.
Jim check out this link, National debt clock.
http://www.usdebtclock.org/

Look at the one on the bottom called Unfunded Liabilities. Yes that is Trillions.
That is the one nobody is talking about but we still have to pay.
Also look at the debt per taxpayer.
These clowns can't even cut a few billion much less do anything about these.
One day, don't know when, but the chit's gonna hit the fan.

Your Toff boys are puppy poop compared to ours.

Magic
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