The United States government will never have another balanced budget again. Yes, you read that correctly. U.S. government finances have now reached a critical "tipping point" and things are going to spin wildly out of control from this time forward. Why? Spending on entitlement programs and interest on the national debt are now accelerating at exponential rates. Some time around 2020 they will eat up every single dollar of federal revenue that is brought in before a penny is spent on anything else. Of course the solution to all of this would be to radically cut entitlement programs, but no U.S. politician in his or her right mind would do that. After all, do you think elderly people (who vote in droves by the way) would vote for you after you just cut their Social Security checks in half?
Monday, June 21, 2010
U.S. Government Will Never Have A Balanced Budget Again
Posted by Nick
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Entitlement? Really? Military spending is several times higher than the sum total of all social welfare programs. This is fucking ridiculous. You swallow this doomsayer's tripe but you're able to tell climatologists and meteorologists where to shove global warming?ReplyDelete
And no I'm not saying global warming is going to kill us all (I'll bet my Prius it won't), just that I can't believe you would let someone convince you of their agenda when you aren't even in line with their values. Cutting military funding would balance the budget, not to mention the wonders it would do for our foreign policy.