How can we be broke?!?! Congress is still spending money...we can’t be broke!
Well....in any event....Barack will save us.
Or Mitt.
and getting broker faster. That’s the nature of an exponential curve. It seems to me that this should be our biggest issue now, not the reams of political babble that we’re hearing and reading about today.
From 2009 to 2011:Total discretionary spending soared from $1.2 trillion to $1.4 trillion, an increase of over 16 percent.Total mandatory spending jumped from $2.1 trillion to $2.2 trillion, an increase of almost 4 percent.
Looks to me like we don't have to wait for entitlements to bankrupt us. Our discretionary spending is doing it now.
I have the solution. I call it THE TURNABOUT IS FAIR PLAY TAX. Every government employee (and I do mean federal, state, county , city and welfare) will have to pay an additional 2% tax that is refunded back to taxpayers in the private sector. It’s only 2%. Two measly pennies on the dollar. Of course, we could raise the percentage next year. It’s only fair. Think of the jobs this could create! The people receiving this money would spend it on stuff and services. We’d make it tax free so that none went back to government employees. Turnabout is fair play.