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Most of the federal budget is allocated to handout spending. And yet, liberals say we need to cut defense spending which only accounts for about 16% of the budget.
Do they not understand that even if we cut the entire defense budget, we would still end up with a budget deficit? Why do they not understand that all this welfare spending is simply not sustainable?
Oh, and the handout spending (2.33 T) as a percentage of the estimated 2015 federal tax revenue (3.2 T) is about 73% That means that almost 3/4 of the tax money you send to the federal government goes straight to handouts. And they still claim it's not enough.
One way or another, the workings of the markets will impart a lesson to the so-called "progressives"; whether anyone will learn anything from it is another matter entirely, since the minority who recognize the problem can simply be used as a whipping boy -- over and over again.
It is, unfortunately, best to plan our futures as though the Constitution no longer exists -- in the minds of many within the Beltway (on both sides of the aisle), it doesn't.
Most of the federal budget is allocated to handout spending. And yet, liberals say we need to cut defense spending which only accounts for about 16% of the budget.
Do they not understand that even if we cut the entire defense budget, we would still end up with a budget deficit? Why do they not understand that all this welfare spending is simply not sustainable?
Oh, and the handout spending (2.33 T) as a percentage of the estimated 2015 federal tax revenue (3.2 T) is about 73% That means that almost 3/4 of the tax money you send to the federal government goes straight to handouts. And they still claim it's not enough.
Medicare, Medicaid & SS are not handouts, how much do defense contractors donate to offset the $1T budget?
Social security is running a deficit but overall spending is no where near the DOD budget.
We have a military budget that exceeds the next 10 countries combined so welfare is the problem.
You want to have an honest conversation put up the numbers.
"By far, the biggest category of discretionary spending is spending on the Pentagon and related military programs."
IOW, when we have extra "discretionary funds," our government consistently votes/puts war as a priority over people. Excellent!
AND....
"But there is another type of federal spending that operates a little differently. Lawmakers have written hundreds of tax breaks into the federal tax code - for instance, special low tax rates on capital gains, and a deduction for home mortgage interest - in order to promote certain activities they deem beneficial to society.
In fact, tax breaks function as a type of government spending, and they are officially called "tax expenditures" within the federal government."
IOW, "the rich get richer as the poor stay the same." Fabulous!
If the capitol gains rate was higher in these last 8 years alone, I'm guessing AT LEAST half of our debt would be paid off since the stock market has DOUBLED. And i say this as someone who makes plenty capitol gains. There is no justification for that "passive income" being taxed at a LESSER rate than actual "earned income."
Thank Reagan!
You speak of entitlements as if all hell would not break lose if the middle and upper classes lost .05% of their deductions (e.g., the mortgage interest deduction, deductions for kids, capital gains discounts, etc) EVERYONE in the USA gets "entitlements," some just get them in the form of tax deduction. Many/most of these deductions are more than "people on welfare" make for the entire year.
Succinctly, Social Security and Medicare are not handouts.
Yes they are.
From the Supreme Court decision Helvering v. Davis: “The proceeds of both employee and employer taxes are to be paid into the Treasury like any other internal revenue generally, and are not earmarked in any way.”
In other words, the money taken out of your check is not set aside for you to collect at a later date, it is spent immedietly. Those collecting benefits today are being paid from funds taken those working today i.e. handout/welfare.
Sorry but you've been conned.
"By far, the biggest category of discretionary spending is spending on the Pentagon and related military programs."
IOW, when we have extra "discretionary funds," our government consistently votes/puts war as a priority over people. Excellent!
AND....
"But there is another type of federal spending that operates a little differently. Lawmakers have written hundreds of tax breaks into the federal tax code - for instance, special low tax rates on capital gains, and a deduction for home mortgage interest - in order to promote certain activities they deem beneficial to society.
In fact, tax breaks function as a type of government spending, and they are officially called "tax expenditures" within the federal government."
IOW, "the rich get richer as the poor stay the same." Fabulous!
If the capitol gains rate was higher in these last 8 years alone, I'm guessing AT LEAST half of our debt would be paid off since the stock market has DOUBLED. And i say this as someone who makes plenty capitol gains. There is no justification for that "passive income" being taxed at a LESSER rate than actual "earned income."
Thank Reagan!
You speak of entitlements as if all hell would not break lose if the middle and upper classes lost .05% of their deductions (e.g., the mortgage interest deduction, deductions for kids, capital gains discounts, etc) EVERYONE in the USA gets "entitlements," some just get them in the form of tax deduction. Many/most of these deductions are more than "people on welfare" make for the entire year.
Reagan?? Really? FYI it's 2015 and Obama is the president.
Apparently you skipped over Bush. I'm sure somehow, some way, it's his fault too.
Applies and oranges. Please point out where I speak about "entitlements"? Good for you that your investments increased under Obama. WTH does that have to do with anything?
You don't get it do you? Democrats keep throwing money at dead beats to keep them down and buy the vote. That goes back to the 60s. The Republicans want to shave back on welfare. That would actually be an incentive for people to find a job. If you know that you couldn't survive without welfare, what is the choice? Here comes the dirty little words: get a job!!!!! Seems the idea of "working" is a dirty idea. Those dead beats and democrats would be screaming how republicans were taking "their" (the recipient) money away from them.
FYI: What I pay in taxes could support a family of 4 for an entire year.
Wait! WTF??! Why the hell are they counting the 1.07 trillion in "social security and Medicare taxes" as part of the 2.5 trillion OUTGOING health, social security and Medicare spending! WOW! Way to F with people's heads who might not catch this (or just don't want that to be the reality because it doesn't fit their agenda!)
This makes these pie charts grossly innacurate! The correct amount of actual "spending" in these categories nearly cancel themselves out to zero! It is nearly self perpetuation. Whereas the military is NOT!
I really hate it when any group does shiit like this!
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I'm sure somehow, some way, it's his fault too.
Good for you that your investments increased under Obama. WTH does that have to do with anything? 
