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Author Topic: This chart says we are in deep doo-doo
Tiptree
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Member # 844

posted 08-23-2022 10:22 PM      Profile for Tiptree   Email Tiptree   Send New Private Message      Edit/Delete Post  Reply With Quote 
https://www.visualcapitalist.com/cp/us-federal-spending-versus-revenue-2021/

Note that the overwhelming majority of money flowing out of Washington is in the form of entitlement payments... robbing from one set of taxpayers to pay another set.

Seven of the top eight outflows are either entitlements, or not within the constitutional bounds of the federal government. Take those away, and the federal expenses would shrink by $5.23 trillion. Of course, that would include "third rail" programs like Social Security and Medicare, so if we leave those in place, we would still reduce expenses by a whopping $3.4 Trillion.

This chart should open your eyes, and make you angry. We are spending ENORMOUS sums of money on things the federal government has NO BUSINESS spending money on.

Of course, the real problem is that entitlement programs are not part of the budget process; they just grow and grow and grow. The only items subject to budget cuts are the actual ligitimate functions of the government, like defense.

Thus, we are in deep doo-doo, with no real way out.

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Tiptree

“If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.” Thomas Jefferson

Posts: 13592 | From: Terre Haute, IN | Registered: Sep 2000  |  IP: Logged
ukcatfannfl
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Member # 1425

posted 08-24-2022 07:31 AM      Profile for ukcatfannfl   Email ukcatfannfl   Send New Private Message      Edit/Delete Post  Reply With Quote 
Ty Tip this is exactly how a socialist govt works. Steal from one to pay another. Once the money from the worker (tax paying) is gone, the country turns into a "Venezuela".

The left and by extension the Democrats want the power to "dictate" what the U.S. will become!~

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ukcatfannfl

Posts: 8771 | From: Inverness, FL | Registered: Jun 2001  |  IP: Logged


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