The Senator-elect from Illinois has dubious math skills

[dellinger63]

[quote=Riot;728660]

So yes - the income tax should go back to what it used to be, for the top 2% of wealthiest Americans, affecting only their income over $250K, because it will cut our America's budget deficit by 60%!
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If it's as simple as that, how about a bi-partisan agreement to raise taxes on those over 250K (as you say 700 billion 60% of the deficit) while the Dems cut 466 billion or better yet the 700 billion they have raised the by budget since Obama took over. That way according to your numbers the deficit would be gone if the Dems agreed to pick up the remaining 40% or 466 billion or if Dems agreed to cut the budget by only what they have raised it by we'd have a 234 billion dollar surplus that would be bound to paying down the national debt. In about 80 years at that pace we'd have paid off the National Debt currently nearing 14 Trillion or 3 Trillion in just interest. Maybe when Biden said we need to spend to prevent going bankrupt he meant we need to spend to get the bankruptcy over as we have a $14,000 billion debt, $3,000 billion just in interest and can only afford 234 billion a year as payment. Dems. need to explain to their supporters that the gravy train is over. Then bring on higher taxes and let’s right the ship.

Or wonder if a bankruptcy court would hear the case? I know a family in a similar situation say 140K in debt who could only afford $2,340 after living expenses in payments would be the easiest BK case ever filed! Guess they’d have to rent out or sell a national forest and the many buildings, courthouses etc. if they owned them so they’d probably be forced in that direction. .