S & P Dire Warnings

[piece-itpete]

Originally Posted by Tom Joad

How about a reply to this one Pete?

This can be interesting: http://taxfoundation.org/article/wha...y-income-taxes

I don't think the rich have enough money to pay our debt, and even if they did it would soon be replaced as we spend a vastly larger amount of money than we bring in ('we' being the gov't).

The unholy terror:

http://www.usdebtclock.org/

Forget the 151k debt per taxpayer, check out the unfunded liabilities.

I'm not going to point fingers Tom, it's bipartisan IMO. I just don't see a way out of this one.

Pete