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Economics 101 For Obama & Hillary
Thoughts, Rants & Raves, and Useful Info ^ | February 19, 2008 | Doug Edelman

Posted on 03/22/2008 1:42:22 PM PDT by K-oneTexas

Economics 101 For Obama & Hillary

Federal_budget_06

As we evaluate the proposals of the Presidential Candidates, one must remember that the Government PRODUCES nothing, EARNS nothing and HAS nothing that it doesn’t first APPROPRIATE from the producing public. Whatever it GIVES to someone, it must TAKE from someone – in THAT sense the government IS a Zero Sum Game!! The more the government gives to the dependent, the more they must take from the producers. If you’re a producer – watch your wallet. If you’re a dependent – GET A JOB!

All the figures below come from directly from the Budget of the United States:

Medicare & Social Security ALONE account for nearly 1/3 of the entire budget. Medicaid is nearly another 7%. Education/Employment/Social Services accounts for yet another 4.5%. That totals around 45% of the ENTIRE BUDGET for just these giveaways! The true business of the Government takes around HALF the current budget, and would operate at a significant surplus (and would need less revenue) without these giveaways! And with a surplus, we would pay down the debt and eliminate the interest payments which eat another 8.5% of the annual budget!

The ENTIRE NATIONAL DEFENSE BUDGET is less than 20% of the annual budget, and most of that would be spent to maintain the standing military whether at war or peace. (So when liberals complain that the Iraq War is breaking us, they’re talking about maybe a couple hundred billion out of 3+ Trillion, or like 8% of the budget.)

International Affairs – INCLUDING FOREIGN AID represents 1% of the budget. Transportation is under 3%. Justice System 1.5%. Community Development, around 2%. Science & Technology, under 1%. THESE are the real business of Government, in addition to the provision of our defense and security.

Even without adding billions in new social programs as proposed by both Obama and Clinton, our economic fate is tenuous at best in a shifting demographic. As the number of dependent people increases, the balance point shifts on the teeter totter, and soon the dependent will outweigh the producers – at which point the whole house of cards falls.

 

(larger chart image)



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1 posted on 03/22/2008 1:42:23 PM PDT by K-oneTexas
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To: K-oneTexas

And then you simply must read this. Our British (& European) ancestors - those who toiled and traveled to all the corners of the earth - risking life & limb - in pursuit of happiness & purpose in their lives.

http://www.freerepublic.com/focus/f-chat/1989888/posts


2 posted on 03/22/2008 1:53:10 PM PDT by sodpoodle (Despair - man's surrender. Laughter - God's redemption.)
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