We are in such bad shape that I think we will now have to do both, unfortunately. Freeze all but necessary spending and temporarily raise taxes until a good portion of the debt is paid down. The next few years are going to be tough and that’s if they start trying to fix [...] [...more]
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You do not inherit debt or back taxes If granddad has a $1M house with a $1M mortgage or IRS debt, you don’t get the house unless the debt can be paid from the estate’s other assets. Do not confuse and inheritance with cosigning. If you cosign and he dies, then you owe.Debt is not inherited. [...] [...more]
Taxes fund 2 things in general 1 important things- :examples: -health and human services/defense budget 2 un-important things- :examples: -the study of lobster mating rituals/re-sodding the DC mall grass guess which ones the government needs to cut out of the budget The best information for debt relief solutions [...more]
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Indeed. Conservatives have this notion that spending should be limited. This does not coalesce with my concept of redistributive change. People with money should have it taken from them, so that WE in government can give it the to those who do not have as much, in exchange for a vote.Because they are all rich [...] [...more]
Coolidge also ignored many bad omens about economy and lead the US into the Great Depression. He’s just Glenn "crybaby" Beck’s new man crush. And what was 1/3 of the National Debt when Jackson was President, 250 dollars?They weren’t fighting wars. They weren’t policing the world. They weren’t spending 40 billlion+ on drug wars They weren’t over spending on [...] [...more]
With proposed budget deficits of nearly a trillion dollars a year for the next ten years it is highly doubtful the current administration has any intention of addressing the fiscal mess this country is in. Add in the near $100 trillion in unfunded liabilities in the Social Security and Medicare Trusts and compound that with the [...] [...more]
Here’s the scoop. Your husband took money out of a retirement plan. He confused the withholding with a tax bill and didn’t list the income on his tax return. The IRS caught it about a year later and billed him. He didn’t pay it and then when you filed for 2008, the IRS [...] [...more]
