Paying off the national debt
March 19, 2012
by staff
Paying off the national debt "...Current deficits are so big that no income tax increase could cover them. Government debt and entitlement obligations are so large that confiscating
all private wealth would not be enough to pay them off. Times have changed. Reagans deficits were manageable, but now a massive reduction in government
spending and/or a huge new consumption tax is the only way to avoid financial catastrophe."
---David Barker, Ph.D., author of the new book, Welcome to Free America
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