OMG...10% of my savings would be devastating. And I don't have alot. And I also didn't rack up the debt the US has incurred. Our frenemies in Congress just can't stop spending.
Why can't they take care of protecting property, life and liberty for the people and get rid of the extravagant excursions and wasteful spending? They could.
So when will this happen in America? Surprise! Wake up.
It's already here in America. And it's called "Legalized theft" - Taxation. Those of us who earn a paycheck experience the bulk of it every paycheck. Then there's gas taxes; sales taxes; taxes on utilities; services, etc. When our paychecks run out, where will the US government go then? Print more money? Completely ruin the dollar? We're on that path!