Did you get your Annual Report On The Budget And Spending Of The United States Government 2010 from your local Congress-person? I got mine! An exciting read, indeed!
The first thing I see is that tax revenues for 2009 were down about $419 Billion from 2008 because Evil Bushie the Great Satan George Junior single-handedly destroyed the American economy and caused us all to lose our jobs and livelihoods and homes with the poor policy decisions he made while serving as President during the mid to late 1990s.
The next thing I see is that at a time when tax revenues and the economy were down, with the change of power (or was it the power of change?) in 2008, our expenses increased by $543 Billion in 2009. It is a good thing to see that we are spending more money than is coming in, and doing so at a record pace. We definitely should not let a little thing like World War II be the most expensive thing this country has experienced!
Do you remember always hearing about the huge national debt that Evil Bushie the Great Satan George Junior was running up with his evil war-mongering? In 2003, it was over $6 Trillion, and by 2007, it was $8 Trillion, adding roughly $2 Trillion in debt in just four short years, or at a pace of $500 Billion per year.
Guess what, though? The Magician added almost a full $1 Trillion to the deficit in 2009. That's right...No more Bushie...No more evil Republican capitalist pig congress, yet somehow the nasty Republican debt builders paled in comparison to The Magician's first year on the job, almost to the tune a full 100%.
Speaking of evil war-mongering, while the argument is made that we spend too much on defense, if you take defense and diplomacy costs ($699 Billion), it also pales in comparison to our social spending ($2.487 Trillion). Why aren't I hearing more voices calling for cuts to social spending, than to defense spending? Oh, yeah, that's right...those usually screaming about defense spending and using the majority of our social spending aren't the ones paying taxes anyway.
So, the bottom line, America, is that when you look at these numbers (instead of just throwing your budget report into the trash or recycle bin), the system is unsustainable. We need to reduce our spending and we need to reduce our spending quickly. We all know that there is a lot of government waste, and we all know there a lot of people out there mooching off the system, and we need to put a stop to it. Maybe we could create a huge new national bureaucracy that provides free healthcare to millions of people who aren't paying taxes to help drive down the national debt. Now, there's some magic for you! Poof - Problem solved!
How in the world have we ended up with a January 2010 National Debt of $12,311,349,677,512.03? Politicians, runaway spending, less people earning, less people paying taxes, and more people living off the system. C'mon, America, we can do better than this!
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