March 02, 2010

We need to cut up their credit cards

Via Boortz' Nealz Nuze we see this lovely article.
Quote
Moreover, for the first time since the Great Depression, Americans took more aid from the government than they paid in taxes.
...snip...
While wages and other job-related income fell by a record $206 billion last year to $7.84 trillion, transfer payments from the government such as unemployment checks and Social Security burgeoned by $231 billion to $2.1 trillion. Meanwhile, the amount of taxes that individual Americans paid plummeted by $325 billion to $2.1 trillion as a result of middle-class tax cuts and because nearly 6 million people were thrown out of work and are no longer paying payroll taxes.

That's fucked up. The only things I know about finances are that you can be overdrawn even if you still have checks and being overdrawn is costly.

Bush and his crew did their best to be overdrawn (and a fine job of it they did, the bastids), but they didn't quite succeed at such a grand level as the current crew.
Obama and his Dem plunderers have the check book and they don't care if it's overdrawn, they're not paying the overdraft fees.

C'mon asteroid.

Posted by: Veeshir at 09:55 AM | Comments (3) | Add Comment
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