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Old 05-14-2012, 02:35 PM   #29
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So lemme see, for fun how about a little math.
I'll take the highest tax proposed on this thread at $1 per dollar of political ads, and assume a total nationwide of $5 billion in political ad trash, and to be outlandish I'll double that to $10,000,000,000.00 (10 billion for those w/a liberal arts education), and further assume that's a typical year (which isn't true, so I already owe some for on lying tax proposed above).

Further lets assume we actually collect it all (none is frittered down by lobbyist loopholes), and all of it goes to retire debt permanently, and we close the spending gap immediately and earn & pay all interest current each future year. We're cookin' now!

So we collect this new tax & pay down debt by $10bil/year. We have $16 billion, oh no, wait, that's $16 Trillion in debt. So lets divide & see how long to pay off the debt:
$16,000,000,000,000 divided by $10,000,000,000/year = 1,600 years (16 centuries, right?) to pay down the debt assuming all the other stuff above that won't likely happen. We'll have it back to square by the year 3,612. We've been in business as a country since since 1776, and its 2012, so that's 236 years, and we can pay off all the debt accumulated in 2.3 centuries over the next 16 centuries. That's a mere 6.8 U.S. lifetimes. Or, considering the debt was accumulated over about 60 years, 1600/60 = 27 times as long to pay it off as it took to run up the tab.

Uhhhhh, its a start!!!
(maybe somebody better check my math)

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Old 05-15-2012, 12:12 PM   #30
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Yep Mike, your math is correct. Scary stuff, huh? Too bad that there doesn't seem to be anyone out there that really wants to do anything other than pay lip service to the deficit. When I have a client that is in serious trouble I tell them that they have to increase revenues and decrease expenses. That seems like a pretty simple concept but when someone is trying to buy votes simple solutions fall by the wayside.

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Old 05-15-2012, 04:07 PM   #31
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The payments would be in addition too..

And yes, it will still take 150 years to pay it off..

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