I’ve talked some here problems with our federal government’s finances. Perotcharts.com has a good set of charts explaining the situation, and which culminate with this chart. It quickly and easily describes visually what can be much more difficult to communicate verbally.
Tag: government spending
Prevent a War With Iran
I haven’t taken this too seriously until now, because I thought it was such a ridiculous idea. But apparently now our government is considering a proposal that would bring us closer to a war with Iran. We can’t afford another war either in financial terms or in terms of manpower. From my understanding, our military
So What Ought To Be Done?
“President Bush put in tax rate cuts. This boosted the economy and tax revenue is up. So it wasn’t a “tax cut”, because tax revenue increased. It was a tax rate cut and it worked perfectly.” (http://www.federalbudget.com) So just increasing taxes doesn’t necessarily help—in fact it could actually hurt. Cutting spending is the only solution.
The Federal Deficit: Making It Worse
To make matters worse, our government is spending at an extraordinary rate. Though officially the budget deficit (the amount spent beyond what is brought in each year) is in the hundreds of billions of dollars, according to experts, it’s actually much higher: “Congress uses “cash accounting” — an accounting practice that would be illegal for
The Problem of National Debt
If money were no issue, while these numbers on defense spending might seem amazing, we might also just shrug and say no big deal. But this all has to be paid somehow, and has to be paid by us eventually. The problem is, I believe, that government spending and borrowing are a mystery to most
Extraordinary Defense Spending
I am troubled and seriously concerned by a news story I heard this morning on NPR. This isn’t exactly a surprise, because it’s no real secret that things have been getting out of control. Nonetheless the actual figures are staggering. While the story was about defense spending, the real issue is runaway government spending, and
Federal Government Loses $25 billion
“Oops! Sorry, we misplaced $25 billion of your dollars.” So says the federal government. (Well, except for the “sorry” part.) As federal budget expert Brian Riedl of the conservative Heritage Foundation reports: “[T]he federal government cannot account for $25 billion it spent in 2003. That’s billion with a “b.” Federal auditors know that $25 billion
Government Spending
Just so you know what the government is planning on doing with your money… To hear liberals and conservatives alike, President Bush’s newly announced fiscal 2006 federal budget is nothing less than a meat-axe poised to slash the federal budget to the very bone. However, the numbers tell a somewhat different story. * Tiny cuts: