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| Re: US National Debt passes $12 trillion (526226) | |||
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Re: US National Debt passes $12 trillion |
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Posted by SMAZ on Thu Nov 19 14:00:41 2009, in response to Re: US National Debt passes $12 trillion, posted by SMAZ on Thu Nov 19 13:56:01 2009. put another way, the rich may have invested a large portion of their tax cuts in Treasuries meaning that they are getting back a share of their existing taxes that goes to debt service.The middle class OTOH are seeing a larger proportion of their tax dollars going to debt services instead of to things that would benefit them directly. Unfortunately for LuchAAA, the Govt doesn't pay the interest payments to the rich through "benefit cards" so he will never know about this redistribution of income. |
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