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July 10, 2010
The 50 Ugliest Facts About The US eCONomy
After reading these it almost makes sense that the market has become completely desensitized to the sad reality now pervasive in this country. Readers are encouraged to add their own observations to this list. Surely if the list is doubled, the market will go up to 72,000 instead of just 36,000.
#1) According to the Tax Foundation’s Microsimulation Model, to erase the 2010 U.S. budget deficit, the U.S. Congress would have to multiply each tax rate by 2.4. Thus, the 10 percent rate would be 24 percent, the 15 percent rate would be 36 percent, and the 35 percent rate would have to be 85 percent. -- Presenting The Wall Of Worry: | zero hedge
Posted by Vanderleun at July 10, 2010 12:31 PM. This is an entry on the sideblog of American Digest: Check it out.