Tuesday, April 19, 2011

Taxes Are Awesome! Not.

After the S&P downgraded the US debt outlook, I am now on board with taxing 100% of taxable income on the Top 1% of income earners. Wait, what's that? That would only cover $938 Billion of our $4 Trillion budget.

Okay then, the top 10% - anyone making over $114K - Uncle Sam will now take all of your taxable income. What? We're still $600 Billion short of the budget. Awesomesauce.

Maybe we should spend less money.

Here's where it has to come from to mean anything:
  • $732 Billion on Medicare, Medicaid and CHIP
  • $707 Billion on Social Security
  • $702 Billion on Defense and Security
  • $496 Billion on "Safety Net" Programs aka "giving money to people"
  • $196 Billion on interest payments
Somebody get me a hatchet and I'll get to work.