Illinois increased tax to 66% income tax only to give subsidies, waivers & tax breaks to keep the big guys from leaving. How ever with only a few businesses left how much revenue will that produce. Businesses shouldn't get credits, breaks, bailouts, waivers, or loopholes, specially the failing ones, however the DNC creates over reaching regulations to create those loopholes so they can stick their hand in the corporations pockets & keep corporates in line for their favor.
Prichard Alabama may become a hard reality in the near future & will test where priorities are. Foreign: Aid, Oil exploration, Intervention/Liberation, U. N, Numerous Bureaucratic agencies over another about 1 the same issue rather than just 1 agency, corporate jet loopholes in the stimulus bill, GE, SEIU, Community reinvestment act to allow Fanny/Freddie to accumulate & sell toxic loans, take from medicare to fund obama care, SSI/Welfare/Obama care waivers, or Social Security, Medicare, the countries stability, self reliance, & defense.
Acting sanctimonious about default & debt increase with no plan or clue to how to procure a balance budget bill or any bill since entering office, focused only in the privilege & perks of the office, spokesman-ship & re-election. Speeches doesn't solve anything. This whole deficit increase began 70 years ago to fund wasteful bureaucratic mess.
Its constant rise is due to having more currency available even when it's borrowed, thus the need & wants to spend more especially if it isn't yours. How can you pay off debt when you make less than you borrow year after years? Everything will cease for the living & unborn when the deficit rise to $100 trillion or half a quadrillion cause GDP & Revenue is nowhere near the debt increase, borrowed.
The entire wealth of the top 40% couldn't even match it. Instead of a top 40%, 30%, or 20% ends up with top .02%. Prolonging the inevitable isn't going to save the U.S. having to default, but harder to be rescued from default.
War may have to be wage & Won to avoid payment. Only those without honor would do such thing. Increasing spending & Quadrupling the deficit faster or higher above 100% GDP than the previous admins for which spending of 3 trillion in 8 years becomes 2 to 3 trillion annually & so on, more than all presidents combined, doesn't speak much into the commitment to pay off its creditors loan.
Why have a debt commission, a debt limit or even bother to cut 1% percent off the budget, if you keep increasing the debt towards a quadrillion & spending above 100% GDP ignoring recommendations. Perhaps the goal is quadrillion in deficit for two terms, but that would mean that may take $25 million U.S. for $1 Australian dollar, destroying every ones earned savings & wealth like in Zimbabwe were 25 million of their currency is only worth $1 U.S. Dollars, & even worst with the Weimar Republic that eventually lead to True Socialism. Massive debt means massive inflation.
Money is only a certificate of value (promissory under government) that deflates in value as more are printed by government out of nothing turning every ones earnings & savings into ashes. For it to have some worth or value the money created has to be borrowed. "Prosperity is the real way to balance our budget.
By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance." John F. Kennedy Source: September 18, 1963 Not everybody can take advantage of all the goodies the government provides for its chosen few nor has the staff (hordes of accountants) to get as much returns they can get.
The top .02% want taxes raised on all those $200,000 & above bracket that paid their 34% taxes that will affect consumer goods aslo. Buffet, GE, SEIU & others, will still be paying less or nothing because of their hordes of accountants connections, & the subsidies, waivers, credits, grants, & loop holes afforded to them. Nobody likes paying taxes not even the incumbent, GE who paid no taxes, & others would want to and why they would gladly take any deduction they can get.
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The housing bubble and bust caused the crony capitalism we see today. The circular question your asking....has a root problem=massive government.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.