This is what happens when someone without any financial acumen is - TopicsExpress

This is what happens when someone without any financial acumen is in charge. There is no such thing as an unending supply of income. Taxes can only be raised so high before the tax base begins to erode. Just ask Detroit. Increasing taxes without reducing costs is a perfect formula for failure. Reducing costs without increasing taxes is a perfect formula for increasing the tax base and revenue. Obama and his radical liberal administration just doesnt get it.. To prove my point can anyone show me one country, business, family or person that outspends its income and survives?

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