Noteworthy:
"Thus, to cover such spending increases, total income taxes as a portion of GDP would have to increase 54% from today's levels by 2030, and 91% by 2050."
....and:
"So what are our Democratic and Republican politicians making their big political-economic issues of the election season? Gas tax holidays ... more tax cuts ... expanding medical entitlements to be 'for all' with no tax increase to pay for it on any income under $200,000..."
Expect the usual political pandering to continue, mostly from the
Remember, the Usual Suspects are the ones who continue to bang the drum for universal health care, and to "fix global warming", and they expect YOU to pay for it all, including the huge coming bill for the entitlements..
And to think, there will STILL be some well-intentioned folks who will actually vote for the Pander Politicians next November.
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