It is the spending, stupid!?

This is a couple of years old but I think you'll get the point.

Lesson # 1:

* U.S. Tax revenue: $2,170,000,000,000

* Fed budget: $3,820,000,000,000

* New debt: $ 1,650,000,000,000

* National debt: $14,271,000,000,000

* Recent budget cuts: $ 38,500,000,000

Let's now remove 8 zeros and pretend it's a household budget:

* Annual family income: $21,700

* Money the family spent: $38,200

* New debt on the credit card: $16,500

* Outstanding balance on the credit card: $142,710

* Total budget cuts so far: $38.50

Got It ?????

OK now,

Lesson # 2:

Here's another way to look at the Debt Ceiling:

Let's say, You come home from work and find

there has been a sewer backup in your neighborhood....

and your home has sewage all the way up to your ceilings.

What do you think you should do ......

Raise the Ceilings, or remove the Fecal Buildup?

The only way to reduce the debt is to increase the number of taxes the government collects and to cut the amount of military spending. Yes we need to reform Medicaid and Medicare but there isn't enough savings to really make a difference without increasing revenues. It is also political suicide to cut military spending and Medicaid.

What can the government do to give the economy the best chance to recover and be politically possible? Cutting government programs is not on that list. A big part of Obamacare was attempts to limit Medicaid growth and it almost cost the President reelection. Further cuts are not realistic.

Technically government spending more immediately helps the economy in the short term, but we need to cut spending because as the debt increases we lose faith in our economy which weakens it more than the government spending strengthens it.

It is the low taxes. During the 20th century, we have 90% tax rates on the rich!

the government just hates us