Wednesday, December 21, 2011
United States "Budget" and Spending
Iowahawk on SPENDING can be found HERE. You must see this YouTube Video of Iowahawk's explanation of SPENDING.
Before you look at it, take a quick look at the numbers below.
The following is courtesy of the Air Force Association (AFA):
Snapshot of the U.S. Government financial situation:
* U.S. Tax revenue: $2,170,000,000,000
* Federal budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000
Let's now remove 8 zeros and pretend it's a household budget:
* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts: $385
The problem is spending. Spending on what? Government! When the government "hires" an employee, they must take money from taxpayers to pay the employee.
Simply put government is OVERHEAD. It is a force pulling down the economy. Government should facilitate commerce, not prevent it. Right now we have too much government.
Think about this, the Federal Government talks about BUDGET CUTS, yet the BUDGET CUTS are SPENDING INCREASES!
Cut spending! Who cares how much you budget. CUT SPENDING.
Actually, if we just froze spending in about 10 years we would have a surplus.
At least a drunken sailor quits spending when he runs out of money! I know, I was one.