Quote:
Originally Posted by joeydb
It's NOT impossible to cut expenditures to fix it. That's going to happen anyway. WE ARE OUT OF MONEY! We're about to have our credit card cut up and go out of business. You ought to be very scared of what it means when a country goes out of business.
It's impossible NOT to cut SPENDING.
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What I said was that ONLY cutting spending cannot fix our debt problem.
And Joey, there exists multiple estimates of what a flat tax rate would have to be for this country. Please google that and get back to us with the figures. Because that is the essence of your argument: either we have the current tax code, we keep the code and eliminate loopholes, or we go to flat tax. Well, what rate would that flat tax have to be? How much would you pay under your own flat tax proposal?