The problem of deficits. Individual and corporate taxes that generate revenue used to be much higher. When a single person making $50,000 a year pays more taxes than a corporation that made billions in profit and pays 0 taxes or even gets a refund due to tax loopholes that does not help.
oh its far worse, right NOW interest payments are 20% of income, in 4 years that will be 63% of income and in 6 years it will be 100% of income, failure will happen FAR before then.
The problem of deficits. Individual and corporate taxes that generate revenue used to be much higher. When a single person making $50,000 a year pays more taxes than a corporation that made billions in profit and pays 0 taxes or even gets a refund due to tax loopholes that does not help.
oh its far worse, right NOW interest payments are 20% of income, in 4 years that will be 63% of income and in 6 years it will be 100% of income, failure will happen FAR before then.