Spending IS The Problem
Mar 18, 2014 Political
The reality is not that the federal government does not get enough of our money to spend, the reality is they spend too much of it. No matter how many times the government has some kind of record revenue (read more taxes coming in) it always manages to spend more than that number.
The biggest problem is that the federal government is an ever expanding entity that keeps taking on things that it should not and that it has no Constitutional basis for getting involved in. Each time government decides to add more to its plate it has to add more plates, more people, and more money. Its insatiable appetite for spending is why there is no money in the Social Security Trust Fund. Government looked at the money we paid in for retirement as a slush fund and issued worthless bonds and took the money to spend. Now it cannot pay back the money without taxing us more which, in effect, means we pay into Social Security at least twice.
Despite the terrible Obama economy the federal government took in a record amount of tax revenue during the first five months of this fiscal year. One would think that would be a good thing but the government spent more than it took in. So even with more revenue the government overspent.
Government has had a spending problem all along. When Reagan and Bush cut taxes the revenue to the Treasury went up. The government decided this meant it had more to spend and did so. The government never gave a thought to paying down the debt or balancing the budget.
[note]There are claims that Clinton balanced the budget and had a surplus. This is untrue. The revenue and expenses looked good on paper but the government did not follow the plan. The Treasury shows that we had deficits each year the budget was allegedly balanced. You can claim anything if you change the parameters after making the claim.[/note]
We are well past the time when government should be reigned in. We are well past the time where unnecessary, duplicated, and unconstitutional spending must end.
We are over 17 TRILLION dollars in debt (well over 100 TRILLION when unfunded liabilities are included) and that will go way up over the next ten years. We are in a crisis and it has to do with out of control spending.
Our government views us as an endless ATM but we are unable to pay our debt even if most of the wealth in this nation were to be confiscated. Until we get spending under control we will continue to spiral downward and when we crash it will make Greece look like a playground fight.
Cave canem!
Never surrender, never submit.
