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That is pretty cute how the interest is compared to the Pentagon budget. I guess it wouldn't work if you compared it to entitlements. Also how they used the current administration as the cause, ignoring both prior ones. Government spends too much money period, regardless of who sits behind that desk or sits in Congress.
The right pretends to care about it, but they just passed a massive spending bill on top of a massive tax cut.
So to review, they voted to spend vast amounts of money while simultaneously cutting revenue.
Are you smart enough to see the problem with that scenario?
The bloated military would be an excellent place to begin.
26 + 24 + 11 = 61% of the federal budget covers these [safety net] programs.
It certainly overstates it a bit because there are other, non-Social Security federal pensions, there are healthcare costs for government workers which are paid by their employer (i.e. the gov't), about 3% of health spending is actually research money etc.
But either way, this approximation that 60% of the government's spending is for the broader safety net is a slightly high estimate.
26 + 24 + 11 = 61% of the federal budget covers these [safety net] programs.
It certainly overstates it a bit because there are other, non-Social Security federal pensions, there are healthcare costs for government workers which are paid by their employer (i.e. the gov't), about 3% of health spending is actually research money etc.
But either way, this approximation that 60% of the government's spending is for the broader safety net is a slightly high estimate.
The right pretends to care about it, but they just passed a massive spending bill on top of a massive tax cut.
So to review, they voted to spend vast amounts of money while simultaneously cutting revenue.
Are you smart enough to see the problem with that scenario?
Am I smart enough? Rude much? I was totally against this budget and have posted that multiple times. Are you honest enough to admit the increase in government spending belongs to both parties?
Exactly. IIRC all welfare combined is ~$600 billion.
No, it's well over $1, trillion/year. Just Medicaid (free health care program for the poor), alone, costs $600 billion/year.
Quote:
Problem solved right there!
May have to come to that. Fed Gov's going to run out of OPM (other people's money).
The fact that women on public assistance, as a group, have a birth rate 3 times higher (yes, you all read that correctly) than women and their partners who actually financially support themselves and their children, and that Medicaid pays for 48% of all births in the US each year, doesn't help.
I'm sure everyone can understand that the compounding effect on population growth will make that welfare-dependent class increasingly more impossible to support with freebie welfare handouts. Eventually, the Fed Gov is going to run out of OPM (other people's money) with which to artificially fund their subsistence. Then what?
Am I smart enough? Rude much? I was totally against this budget and have posted that multiple times. Are you honest enough to admit the increase in government spending belongs to both parties?
The right always labels the left as "tax and spenders," but at least they don't cut revenue when they are spending, which is what this Republican Congress just did. Or start wars and then refuse to put them in the budget lest the country see the real cost of their folly, which has run in the trillions.
This whole spending bill/tax cut was set in motion because Paul Ryan and the GOP are just salivating to slash the social safety net, so they set up a scenario where it seems plausible now for them to do so. Which is what they wanted all along.
What better way to reduce the deficit, then for you to pay in but not collect?
your statement is true. perhaps the millennials will decide to do just that. certainly millennials will soon have the voting numbers to elect politicians committed to cutting or eliminating social security and medicare for their parents and grandparents.
This cannot go on much longer. We are getting closer and closer to a complete financial 'reset'.
I think it will happen totally unexpectedly, everyone will go to bed one night with everything being normal and the next morning, all banks will be closed and locked, ATMs turned off, etc. It will take about 2 days for society to breakdown into chaos.
As crazy as it sounds, I think the tv show, The Walking dead is a pretty realistic depiction of what the world will devolve into (without the zombies though), small groups will form and turn into larger ones, it will be a total restart from the beginning.
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