Monday, February 02, 2004

pinions of buddy don:
whut happens to a tax deferrd?

the presdint cum out with a new budget n tiz a thang to behold. fer one thang, tiz a lot lack a oil well: diggin a hole deeper n deeper n hopin fer a gusher. lease i reckon thats the idee on a counta we aint seen this kinda diggin . . . ever.

best thang bout its diggin is how tiz the gift that keeps on a'diggin on a counta tiz tipped by tax cuts that aint really tax cuts a tall. ifn ye have a real tax cut, then ye cut how much ye spend n give the money back to folks. ifn ye cant cut how much ye spend but claim yer cuttin taxes innywho n the cuts ye pull off means ye half to borry lack sumbidy who needs to hear that song cash on the barrelhead, then all yer a'doin is payin more fer the services ye aint cut on a counta ye gut to pay the innerest on the money ye borried.

here's sum numbers on it:

  • in the 1990s, the debt riz frum $3,200,000,000,000 ($3.2 trillyuns) to $5,600,000,000,000 ($5.6 trillyuns)
  • frum 2000 to now, its dun riz to over $7,000,000,000,000 ($7 trillyuns)
  • thats $23,993.18 per united states citizen
  • cost of innerest on debt in 2002: $332,536,958,599.42 (bout $332.5 billyuns)
  • cost of innerest on debt in 2003: $318,148,529,151.51 (bout $318 billyuns)
  • cost of innerest on debt over last nine years (5 w/demcrat pres, 4 w/publican): $2,756,000,000,000.00 (bout $2.8 trillyuns)

corse, ye could be heppin sum folks that needs hep to git money they needs sos they kin lend it back to the usa, witch i reckon thats at lease part of the investmint these tax cuts is encouragin, witch tiz a big hep to folks that kin put thar money in that game, ceptn so minny of ems forners: forners hold $1,260,000,000,000 (bout $1.26 trillyuns) in us debt instermints (treasury securties). problem fer me is how it seems lack folks in amurka is payin more n more fer less n less. n forners is collecktin the innerest.

taint a tax cut: tiz a tax deferrd! n guess who gits to pay the vig?

tiz such an amazin scam, er, scheme, that i feel a pome (bloggerel) cummin on (with pall gies n all due respeck fer mr. langston hughes):

whut happens to a tax deferrd?
duz it dry up lack a job in silcon valley?
or fester lack a boil ye cant pay to treat?
duz it stank lack a bankrupt cumpny?
or git crusted over with eggscuses so sweet?
mayhap it drags us down with its heavy lode

or duz it eggsplode?

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