TAXES AND THE DEFICIT

If government had to raise taxes to cover all spending for 2011 it would need to more than double income tax collections (144% incr. needed).

If government only raised taxes on those making more than $250,000 their rates would have to be raised to over 100 percent. But even that wouldn’t do it because government would still need 30+% more from other tax payers than they are already paying. -- Curtis S. Dubay (Heritage Foundation)

“The American Republic will endure until the day congress discovers that it can bribe the public with the public’s own money.” -- Alexis de Tocqueville (philosopher)

"After that point the system will collapse under its own weight." -- David W. Dickey (economist/writer)