Anyone who believes President Bush is a fiscal conservative, send me an email and I’ll give you a great deal on some ocean front property in Kansas.
And if you think President Bush is bad, this won’t be enough for the Democrat-controlled Congress. If they had their way, they’d spend even MORE. (And the frightening thing is, they just might get their way.)
Do you realize how much THREE TRILLION DOLLARS really is? It’s $10,000 for each and every one of the 300 million people in the USA.
Our current debt is around 12 trillion dollars. That’s $40,000 for each and every one of the 300 million people in the USA. We’re not paying-off that debt, however, but adding to it — AND paying interest. The interest on that debt accounts for about 15 percent of all federal spending, or about a half trillion dollars each and every year.
Think it’s gonna’ get better? Think again.
LONG-RANGE FISCAL POLICY BRIEF
http://www.cbo.gov/showdoc.cfm?index=3521&sequence=0
Those numbers are absolutely frightening, and it clearly shows what kind of society we’re leaving for our kids and grandkids.
There’s only ONE WAY to stop the madness; and that’s to STOP SPENDING SO MUCH MONEY.
For those who think the military is to blame for the increased spending, think again. In 1960, military spending accounted for 65 percent of the federal budget, while “entitlement programs” accounted for 15 percent. Today, however, those numbers are reversed, with military spending accounting for 15 percent of the federal budget, while “entitlement programs” account for 65 percent.
Go ahead and blame the Democrats, or the Republicans, or President Bush, or whomever is the next person sitting in whatever hot-seat you deem worthy of “blame”. Personally speaking, I blame YOU. I blame all of YOU who are duped and bribed into thinking the government is there to take care of any and all problems that ail you. After all, if someone wants to “take away YOUR Social Security”, will you vote for that person? (Even though that is a person who really wants to fix the long-term problem.)
Let me ask you this. If a politician (of either party) proposed the following:
1. A Balanced Budget Amendment to the Constitution.
2. A 2.5 percent REDUCTION in total government spending (not just a reduction in the growth of spending) per year, for the next 20 years.
Would you vote for that person and/or vote against anyone who opposed it?
And to think, there are people more concerned about the false, or misleading, or unproven theory of man-caused global warming than they are the are about the looming financial disaster warning that’s written on every wall they choose to read. In fact, their “global warming solutions” will cause MORE of what’s the REAL problem!
Here’s a real warning you would do well to heed: Any government big enough to provide for all of your needs is big enough to take away everything you have.
By the way,
The aforementioned numbers do not take into account government spending on the state level, taken in the form of state income taxes, sales taxes, property taxes, et al.
Moreover, considering that not all people are net tax payers, but rather net tax receivers, the $10,000 per person I mentioned was only an average. In 2000, the “work force” in the USA was about 130 million, so it’s close to about half the population. And half the “work force” pays little or NO taxes. Since some people not only pay zero, but rather actually receive some amount, the “average” paid (or owed for the debt) is well over $10,000 (or $40,000) per “paying” person.