June, 2011:

OK; we have a serious budget problem. No reasonable person would disagree with that reality. Here's a look at federal revenues (money coming in) and outlays (spending; money going out) over the last decade and estimated into the next decade:

Focus on the circled area, the past couple of years and the next few into the future. This is serious stuff. Recently, the difference between money coming in (revenues) and money going out (spending) has gotten much larger. The estimates into the future are just that: estimates. They are made using unreasonably optimistic numbers. The reality will likely be much worse.

We must do something to change this pattern.

On other essays, I have outlined the serious financial crisis we face, using facts, logic, reasoning, and the words of our misleaders.

In Your Fair Share, I provided conclusive evidence that the rich are indeed paying "their fair share" -- and then some. We can debate about who "the rich" are, but the top 5% of all taxpayers foot the bill for 60% of the income taxes paid in the U.S. (And those 5% use far fewer government services that the other 95%.)

So, just what is their fair share, if not 60%? Is it 65%; 80%; 90%. Should 5% of the population pick up 90% of the tab? Tell me, you progressives, exactly what is their fair share?

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