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

Pretty basic!!!

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.


fashionbags said...

Can you believe it is not a difficult thing to add your name or whatever you want on a cambridge satchel usa bag any more? I have bought one online cambridge satchel 13 and found it has a good quality and cheaper than anyone, even the style is especially fit for students and they have many new products. So i want to introduce the website to you. You can get a
cambridge satchel company bag and enjoy yourself.

Anonymous said...

Informative and educational article..

Finance and Accounting course is now offered online and current generations opt. Choosing the Best Degree of Most Employment Opportunity is taken in the first place.