Wednesday, March 16, 2011

Mandatory Spending to Exceed all Federal Revenues — 50 Years Ahead of Schedule

We have now gotten to the point — as I noted yesterday — where if national defense, interstate highways, national parks, homeland security, and all other discretionary programs somehow became absolutely free, we’d still have a budget deficit. The White House Office of Management and Budget projects that in the current fiscal year (2011), mandatory spending alone will exceed all federal receipts. So even if we didn’t spend a single cent on discretionary programs, we still wouldn’t be able to balance our budget this year — let alone pay off any of the $14 trillion in debt that we have already accumulated.
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Check Radiation Throughout The USA 

Possible course of the radiation clouds

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2 comments:

  1. AnonymousMarch 17, 2011 at 5:12 AM

    I'm not sure how you can even make a distinction. Has the government ever cut back on anything? Once it taxes us or creates an extra program those things are generally there forever...unless of course they actually help the general public, then they magically run out of money really quickly. Like that cash for clunkers program that people actually were able to use.

    This country really sucks now.

    ReplyDelete
  2. AnonymousMarch 17, 2011 at 4:10 PM

    I wonder how many people who bought new cars under the C4C program are still making monthly payments on time?

    Me thinks many are hiding those cars from the repo man.

    ReplyDelete

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