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Originally Posted by Frosty
Once again, if ALL of the newely generated revenue went to bringing down the debt it's worth it...but it won't, the government will just spend more $$
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just watch how much revenue it eliminates over the next few years, then tell me what good a deficit that will never get paid off anyway is worth to you.
for those who don't think 1% means much. on a modest home, around $150k, once you pay interest on your new tax burden it is equal to 3 extra payments on a standard 20yr note. that is $2000 that you wuoldn't havespent before today.
an a modest new car, around $20k, it works out to about 2extra payments worth of cash you are getting screwed for.
all in the name of teh annual lie about lowering property taxes. what do you guys think of the NJFBOA being managed fom PA or DE?