Do the Math
Our current National spending practices and trends are unsustainable and if we don’t do something now, it will soon get to the point where we cannot turn this around. Government spending has outpaced the average American’s income increases 7-1 since 1970. Current National debt is at $12 Trillion (12,000,000,000,000). With 300 million people that’s $40,000 each. Since only half us of pay tax, that’s approximately $80,000 per taxpayer. And it is still growing.
Do the simple math, the government brings in from all sources about $2.2 trillion. We have about $65 trillion in total debt and unfunded liabilities. The current budget projections are for this monster to continue to grow at alarming rates through 2020. Why do we keep spending? This is not a democrat or republican issue. This is a Washington DC issue. While 49 states (except California) require balanced budgets, the government continues to grow but from debt.
We are borrowing money just to pay our monthly bills. Drop some zeros to make it easier to understand. If you have $22,000 a year coming in, how are you going to pay of $650,000 in debt off, when your annual expenses are $38,000. That is where we are. Budget is 3.8 Trillion, income is 2.2 Trillion and the deficit is 1.6 Trillion. We will borrow 1.6 Trillion just to get through the budget year. We need to first stop the bleeding and require a balanced budget. That means cuts or increased taxes.
What do we do? We replace every member of government possible at every chance we get. Every election must be used by the American people to get these guys out of office and replace them with folks who can do the simple math and make the tough decisions.
Do the simple math, the government brings in from all sources about $2.2 trillion. We have about $65 trillion in total debt and unfunded liabilities. The current budget projections are for this monster to continue to grow at alarming rates through 2020. Why do we keep spending? This is not a democrat or republican issue. This is a Washington DC issue. While 49 states (except California) require balanced budgets, the government continues to grow but from debt.
We are borrowing money just to pay our monthly bills. Drop some zeros to make it easier to understand. If you have $22,000 a year coming in, how are you going to pay of $650,000 in debt off, when your annual expenses are $38,000. That is where we are. Budget is 3.8 Trillion, income is 2.2 Trillion and the deficit is 1.6 Trillion. We will borrow 1.6 Trillion just to get through the budget year. We need to first stop the bleeding and require a balanced budget. That means cuts or increased taxes.
What do we do? We replace every member of government possible at every chance we get. Every election must be used by the American people to get these guys out of office and replace them with folks who can do the simple math and make the tough decisions.
posted by Laymansview | 7:51 AM
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