Friday, August 13, 2010

Holy Tax Return Batman! IMF says US is bankrupt

Here.   Well they didn't actually say the B word, they just pointed out that to meet future obligations the Feds would have to double their tax receipts from 14.9% of GDP to 28.9%.  And when someone says you must immediately double your income to stay solvent, you're bankrupt.

I would like to thank Grammie and Gramps, Mom 'n Dad and our wonderful Federal government for their contributions to this debacle.  We couldn't have done it without ya, gang!

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