Here's another reason why the dificit is so high. There's too many exceptions to the income tax. It's now so bad that 36% of Americans will be paying an effective 0% income tax.
How retarded is this? We're 12 trillion in the hole, and one third of the country aren't paying any income taxes.
We should either default on our debt, or raise taxes and cut spending. Why is this so hard to get done?
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