Showing posts with label Federal Budget. Show all posts
Showing posts with label Federal Budget. Show all posts

Monday, June 21, 2010

U.S. Government Will Never Have A Balanced Budget Again

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?

14 Reasons Why The U.S. Government Will Never Have A Balanced Budget Ever Again

Tuesday, September 1, 2009

War, Disease and Debt


If you read the actual federal budget for 2009, it's an astonishing $3.1 trillion. The size of the number itself is mind-boggling, but it's even more disturbing when you realize just how much of the federal budget is spent on these three things:

WAR
DISEASE
DEBT

In fact, let me ask you this question right now: What percentage of the federal budget do you think is spent on these three things? War, Disease and Debt.

Is it 10 percent? Twenty-five percent? Fifty percent?

Keep going...

Of course, if you actually work in Washington, you won't even describe these as "War, Disease and Debt." Instead, you call them:

DEFENSE
HEALTH
THE ECONOMY

It all sounds much nicer when phrased that way. But these terms are intentionally deceptive. We're not really "defending" our way into Iraq, Afghanistan and seventy-five other countries where we have a military presence. Spending on "health care" doesn't have anything to do with health (it's all about disease). And people who say spending more debt money to "help the economy" are mathematical retards. You can't get yourself out of debt by spending more money (even though V.P. Joe Biden insists you can...).

So are you ready for the actual number?

It's an eye-opener. The actual percentage of the U.S. federal budget spent on WAR, DISEASE and DEBT is 87 percent.


War, Disease and Debt is 87 percent of Federal Budget


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