Tax and Spend

The punishing tax rate in the US pushes companies and jobs out of the country.

"...the U.S. now has the highest corporate tax rate in the developed world."

And that rate doesn't include state and local taxes.

Federal debt officially tops $16 trillion.

"It took the United States government over 200 years to accumulate its first trillion dollars of debt. It took only 286 days to accumulate the most recent trillion dollars of debt."

Turn out the lights. The party is ending.

"China owns so much US debt that the INTEREST INCOME they receive from the Treasury Department is nearly enough to fund their entire military budget."

That's a powerful fact. I hadn't heard that before. Ron Paul should have used this every day during the primary.

"This is banana republic stuff, plain and simple… and smart, thinking people ought to be planning on capital controls, wage and price controls, pension confiscation, and selective default. Because the next trillion will be here before you know it."

Definitely a banana republic.