I'll See Your Economic Collapse and Raise You National Demise

Being just weeks away from reaching our debt ceiling and with frightening talk about a fiscal cliff, there's much sympathy in Washington for tax increases.  Even conservatives are wavering.  A few Republicans have dumped their anti-tax pledges, and former Nixon official-turned-actor Ben Stein favors taxing the wealthy.  He says that we can't cut our way to a balanced budget and insists that the revenue end must be addressed.  But I have news for him: he'll have a better chance finding Ferris Bueller on his day off than he will locating fiscal sanity through tax increases. Let's get real. Federal revenue this year will be approximately $2.5 trillion. That's $2,500,000,000,000. How much, again?  Well, updating some examples Rob Bluey provided at The Foundry lends the following perspective: It is 2,500 billion. At $45.8 million per year, LeBron James would need to work 54,607.5 years to earn it. Average life in the U.S. lasts 2.4 billion...(Read Full Article)