"Ignoramus8745" wrote in message
...
As Warren Buffett insightfully pointed out, this country did very well
when tax rates were much higher than they are now.

A combination of low tax rates and high deficits is not sustainable.

i

Actually they were not much higher overall. Lots of deductions went away,
so the effective tax rate is much higher at the same percentage. You use to
be able to deduct all interest, Credit card, mortgage, auto loans, sales
tax. etc.