The Fed -- the few -- taking all US income tax is coming.

Americans must know fraudulent the Fed Reserve, US Treasury, Obama, Bush, etc. destroying America and Americans -- and take serious actions now.
http://www.usdebtclock.org/

Bush has destroyed America by rescuing the banks with 600 billion before he left. Now Bernanke and Geithner along with politicians are destroying America and Americans as shown below how they are robbing Americans and America.

Now the saved banks are destroying America for US Government has to operate with the debt from the Fed Reserve which Americans paid for their fraud and corruption. 50% of US Tax Income is paying for the interest to the Fed Reserve, and it will soon be 100% Tax Income to pay interest to Fed Reserve when interest rate goes up by only a couple of points. This nightmare will be hyperbole as time passes by for all of Americans will be paying for interest to Fed Reserve -- and just to pay interest, tax rate has to be raised. Government can't operate -- so more money is borrowed from the fraudulent Fed Reserve. This vicious and detrimental cycle will take all of Americans and America to death spiral. Not only America, but also All around the globe.

If Bush has let banks to fail, American tax payer of 600 billion could be saving Americans and America. Bush again destroyed America. Americans must act now and save ourselves from destructive and detrimental death spiral -- as well as all around the globe for the same greed is defrauding all.

Quote:
.......... "The federal debt has increased by more than 50% since 2006, due to a collapsed economy and the highly controversial decision to bail out the banks. By the end of 2009, the debt was up to $12.3 trillion; but the interest paid on it ($383 billion) was actually less than in 2006 ($406 billion), because interest rates had been pushed to extremely low levels. Interest now eats up nearly half the government’s income tax receipts, which are estimated at $899 billion for FY 2010. Of this, $414 billion will go to interest on the federal debt. If interest rates were to rise just a couple of percentage points, servicing the federal debt would consume over 100% of current income tax receipts, and taxes might have to be doubled." ...............

http://seekingalpha.com/article/237878-whats-really-behind-qe2

THE LAST TIME TAX-CUT EXTENSION WAS DISASTER AS WELL.

This is an old article

http://theboard.blogs.nytimes.com/2008/02/12/about-those-bush-tax-cuts-for-the-rich/