Will any New Deal or Great Society programs exist in a decade?

[All Along The Watchtower]

The real reasons for the federal budget deficit (and the recession) is that the economy has become built increasingly on waste and fraud in the financial, military-industrial, health care, and real estate sectors.

With such an unstable and volatile source of revenue, of course there will be huge deficits (especially with spending in general being so high). Not to mention, with tax rates on the wealthy being historically low, the middle and lower classes are increasingly bearing the burden of revenue-all this, in a time when unemployment is high and wages are depressed.

[All Along The Watchtower]

Not to mention, with tax rates on the wealthy being historically low, the middle and lower classes are increasingly bearing the burden of revenue-all this, in a time when unemployment is high and wages are depressed.

That is just factually incorrect! Your just another example of people that are intent on coming onto a site without actually looking up or reading anything and regurgitating a lie.

Please then, enlighten me as to the truth.

[All Along The Watchtower]

Not to mention, with tax rates on the wealthy being historically low, the middle and lower classes are increasingly bearing the burden of revenue-all this, in a time when unemployment is high and wages are depressed.

That is just factually incorrect! Your just another example of people that are intent on coming onto a site without actually looking up or reading anything and regurgitating a lie.

Please then, enlighten me as to the truth.

Low and middle income contribute very little revenue to the federal government. And at no point in the last couple decades has that increased. Instead they increasingly bare less of a tax burden.

Take your own advice, and don't regurgitate lies (or half-truths, at best).  The lower and middle income pay less taxes in raw numbers increasingly because their incomes have decreased.

Let's compare how much of national income the top 10 percent and the bottom 90 percent each have, and compare that to the percentage of taxes they pay--all federal taxes, not just the federal income tax.