Tax and Spend

I first heard of the Rosetta Stone back in elementary school, but this is the first time I heard that the content of the stone was an order of tax amnesty. I always wondered why only one stone had the same text in three languages. It that was the rule, there should have been many such stones. If not, the content must have been either a language primer or extra-ordinary. Now we know it was extra-ordinary. Maybe, after Americans abandon their farms to escape the government's oppressive taxes, the US will announce a tax amnesty in both English and Spanish.

Here's a scary analysis:

"All together, the three largest mandatory spending programs — Medicare, Medicaid and Social Security — will grow to 12.2 percent of GDP in 2022, or 55 percent of all federal spending."

But it's worse. This analysis doesn't take into account the imminent economic collapse. For years we've heard that Social Security and Medicare were going to bankrupt us in the 2030s. Baloney. This analysis moves that ten years closer. But the reality is they're bankrupting us today.