Foxboy Wrote:Americans pay the LEAST taxes per capita of any first-world country.Which helps explain why the US per-capita debt load is approximately three times as large as the per-capita Canada debt load.
If the US national debt was called in right now and the load was spread out evenly, every single one of you would have to find $46,000 to pay. (If the Canadian national debt was called in right now and the load was spread out evenly, each of us would have to find $16,000 to pay.)
You folks are a lot farther down the road to where Greece is than we are... and, because your economy is so big, you're going to drag us down with you when you default. Yes, I said "when", not "if", because you show no signs of cleaning up your act. On the contrary, you're doing the exact opposite of cleaning up your act every time you raise your debt ceiling. That ceiling has to be decreased - drastically. And that means massive program cuts and tax increases.
We did it - it didn't kill us. We're doing it again because of your economic downturn. You can do it too.
Edit: As for the 14th amendment to the US Constitution disallowing questioning of the debt - China and your other creditors are not bound by the US Constitution. They can question your debt, or foreclose on it, all they want.
--
Rob Kelk
"Governments have no right to question the loyalty of those who oppose
them. Adversaries remain citizens of the same state, common subjects of
the same sovereign, servants of the same law."
- Michael Ignatieff, addressing Stanford University in 2012