Monday, December 05, 2011

Taxation and public spending

The US Government has fairly generous welfare payouts and large spending to run their country and maintain a strong military. But they refused to raise the taxes to pay for their expenses. They even want to cut the payroll tax (which is used to fund social security, old age pension and medical care), when these funds are in big deficit.
http://www.cnbc.com//id/45542292


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