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Revision as of 19:48, 9 November 2026


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Considering that, economists have projected that unemployment won't recover for that next 5 years; currently has to the the tax revenues currently have currently. Latest deficit is 1,294 billion dollars along with the savings described are 870.5 billion, leaving a deficit of 423.5 billion per year. Considering the debt of 13,164 billion another thing of 2010, we should set a 10-year reduction plan. To fund off all debt we would have to pay for down 1,316.4 billion per year.

If you added the 423.5 billion still needed help make matters the annual budget balance, we would have to improve the overall revenues by 1,739.9 billion per year. The total revenues in 2010 were 2,161.7 billion and paying from the debt in 10 years would require an almost doubling for the current tax revenues. I am going to figure for 10, 15, and 2 decades. memek If you think taxes are high now, wait till 2011.

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