Sunday talks hosted not a single economist. WTMFH*?! The bailout is a significant number compared to the national debt (about equivalent to 20% of the privately held component of the debt). And the national debt is a number so big it's hard to grasp.
Other big numbers: total federal individual income tax collected in 2007: $1,163 B. Total corporate income tax collected in 2007: $370 B.
At that rate, a 10% increase in corporate income tax would cover the projected $1,000 B (including Freddie, Fannie and AIG) over a period of 27 years (not counting the time-value of money).
But we don't need no freakin' economists on the teevee.
*what the motherfucking hell
|
Other big numbers: total federal individual income tax collected in 2007: $1,163 B. Total corporate income tax collected in 2007: $370 B.
At that rate, a 10% increase in corporate income tax would cover the projected $1,000 B (including Freddie, Fannie and AIG) over a period of 27 years (not counting the time-value of money).
But we don't need no freakin' economists on the teevee.
*what the motherfucking hell- mark 9-22-2008 12:55 am