Saturday, October 8, 2011

SATURDAY

81 new cities to be created in China next 14 years.

48% of American households receive some form of govt benefits. In '83, it was 30%. Households now receiving more from govt than taxes paid in.

In '10, US paid $413B in interest on the debt.

College tuitions in US up >900% since '78. Today >100k janitors, 317k waiters and waitresses and ~365k cashiers with college degrees.

In '10, #1 US export to China was "scrap and trash".

US home values down ~$6T since bubble burst.

>10k/day folks for the next 19 years in US will reach 66 years old. Um, retirement.

Item that cost $20 in '70 now $116. From '13, $458. That's like phone service with some long distance calls.

#1 country for biz: Canada. 11-16% corp tax rates. Universal health care. $1.6T GDP. 34M people. Boocoo resources.

We need to allow our corporations to bring back their overseas cash without taxing the hell out of it, lower our corp tax rates and drop manufacturing tax to zero at least for ten years so we can get our jobs back and get growing again to begin knocking down the debt. When is the govt going to get it?

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