this is all a culmination of decades of financial deregulation, war, and political corruption.
i really dont think it matters what party is at the helm right now.
if we really do have a 27 trillion dollar deficit like many economists are saying, then the current tax base wont even cover the interest on that.
i think you are seeing the beginning of the storm. employment is going to get worse, interest rates are going to go into double digits, and i wouldnt be surprised if the tax rate went to 60% in the next 10 years..
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