The federal government will take in 2.2 trillion dollars in 2011, enough to fund every single department and function of the federal government with no deficit spending..…..at 2008 levels.
Unfortunately the government plans to spend 3.3 trillion, which means it is going to borrow 40 cents out of every dollar it spends. Try that with your household budget and see how far you get.
The liberals tell us if we do not shovel more and more money into the furnace of the federal government the fire will go out and we will be left in the cold and dark like lost little children in the woods. It’s funny, but I don’t remember 2008 being a time of painful fiscal discipline. The current administration and its supporting clowns in congress now say we not only needed to increase federal spending by over 1.1 trillion dollars since 2008 but to even cut 30 billion last month was paramount to moving us back into the dark ages, and without federal support for cowboy poetry festivals, children will starve and the elderly will be helpless.
There are only two ways to produces wealth. Farming, where a plot of land produces a crop where nothing before existed, or to manufacture, where a group of raw materials are combined to produce a product worth more than the combined raw materials, the federal government does neither. In fact every time the federal government takes a larger cut of the capital of this country through taxes, it reduces the capital available to accomplish anything.
Increasing the wealth of the country is the only hope for the poor (or anyone for that matter) to increase their lot in life. The federal government, using tax money to make one person richer: only to make another person poorer is hardly the way to expand the economy.
Maintaining a functioning federal government is a necessary evil of a free society, but an ever expanding wealth redistribution program run by the federal government, enforced with the rule of law is just an evil, neither constitutional, nor in the long run helpful to anyone.
The liberals say we must maintain a social safety net for the most disadvantaged. Fine, for the sake of compromise, I agree. But I think we had that many times over in 2008.
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