Wednesday, November 21, 2012 8:23 AM
Books and detailed articles have been written on it.
Here is simple list of one cause=Loss Of Revenue via Tax Cuts fr the rich
We borrowed(2001-2009) 6100 Billion and 86% was from three new Bush programs
Two Wars—Tax Cut For Rich—Part D Medicare unfunded gift to pharma.
%of GDP----Revenue Expenditures
2000--------------20%-------18%
2003--------------16%-------20%
2007--------------18%-------20%
2009--------------15%-------25%
2010--------------15%-------24%
2011--------------15%-------25%
2000-2011---Spend Increased 33%--Revenue fell 25%
Today, a major world study, shows America has more Inequality in 90 nations
than all but Namibia, Zimbabwe, Denmark and Switzerland.
IN OECD we rank:
#1—largest percent (24%)of work force has lowest pay
#2—Least Tax on Corporations-Since 2008 paid annual rate of 10%.
#3---Least taxed nation as percent (27%) of GDP in federal-state-local taxes
#4---Inequality
God Help The Divided States Of America