Well done.
92,898,000 Americans 16 years and older did not participate in the labor force last month
http://data.bls.gov/timeseries/LNS15000000
bump
these numbers are off.
US tax revenue hovers around $2.5 t annually.
US annual spending is hovering around $4.0 t
US debt is now $18 t
translating into the average family:
annual income: $52k
annual spending: $83k
annual credit card debt: $31k
total current debt: $375k
PING !!!
Rumor on the hill has it that John Boehner tried to sabotage the Budget Committee last week in the 11th hour of their deliberations and lost. Tom Price, Budget Committee Chair, rallied his committee and ended up beating Boehner’s feeble attempt to kill their proposals.
Looks like a standard income statement and balance sheet in California.
As FReepers read the following analysis about the federal budget, please consider that the 17th Amendment (17A) is the real troublemaker with respect to fostering the criminal mismanagement of taxpayer dollars.
The material below explains in simple language not only the rough ceiling as to what taxpayers should be paying Congress every year to perform its constitutional Article I, Section 8-limited power duties, but also how we got into today’s federal financial mess.
To begin with, note that the Supreme Court has clarified that Congress is prohibited from laying taxes in the name of state power issues, essentially any issue that Congress cannot reasonably justify under its Section 8-limited powers.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.
Given that the plurality of clauses in Section 8 deal with defense, and given that the Department of Defense budget for 2015 was $500+ billion, I will generously round up the annual price tag of the federal government to the taxpayers as $1 trillion (but probably much less).
In other words, the corrupt media, including Obama guard dog Fx News, shouldn’t be reporting multi-trillion annual federal budgets without including the Supreme Court’s clarification of Congress’s limited power to lay taxes in discussions.
The likely reason that we now have an unconstitutionally big, tax-hungry federal government on our backs is this. When the Founding States established the federal Senate, they gave control of the Senate uniquely to state lawmakers. Part of the reason for having state legislatures control the Senate was so that the Senate could kill House appropriations bills which could not be justified under Congress’s Section 8-limited powers, such bills essentially stealing state powers and state revenues associated with those powers.
The problem is that the Progressive Movement spooked low-information citizens to pressure state lawmakers to ratify the ill-conceived 17A. And state lawmakers caved in and ratified the amendment, foolishly giving up the voices of the state legislatures in Congress by doing so.
So now, after voters elect their federal senators, they go home and watch football while corrupt senators rob voter’s wallets by working in cahoots with the corrupt House to pass unconstitutional appropriations bills.
The 17th Amendment needs to disappear.
“Congress should do this. Congress should do that.” Since they won’t, invest in ammo.
So?
We’ll just print more.
Now shut your racist face and go pay your taxes. Your hard working government is broke. :)
/sarc(????)
No matter what anyone says, no matter what facts are presented, no matter how much reality shows itself, they will still vote for irresponsible, revolutionary Progressives because it’s the “intellectual, brilliant, scientific, compassionate” thing to do, as they consider the Constitution to be an impediment to human progress.
(It’s sick and getting sicker out there.)
IMHO
My teenage son pointed out the other day that the difference between poor and middle class in our country is not the standard of living; it’s who pays for it.
We’ll probably be seeing $1,000 and $10,000 US Dollar bills floating around soon.
No problem. Just print more and it becomes worth less, and therefore easier to pay back. We’re the federal government. Now we have a new program for inflation relief./s
Yeah, but only half of the family is working. Put the other half to work, and you’ll have enough income to start paying down the debt.