Tuesday, May 12, 2009

Budget cuts

Using a breaking down of government spending from www,usgovernmentspending.com, the spend for the federal government is almost $4T, and $2.5T for state and local governments. Oddly enough, the state and local governments will take in enough to pay their bills, whereas the federal government is in a free-fall of nearly $1.8T deficit spending for 2009 alone, spending 190% of its income.

It is easy enough to trim $1.5T from the federal spend by program elimination, which basically pushes the federal government back to its Constitutional boundaries as declared by the 10th Amendment. That only pushes the federal government size back to 2005 levels. Cutting the federal government spending in half is really not that difficult when you drill down and see programs that provide mere oversight and do not contribute to the GDP in anyway, or the activities of which belong in the hands of the states and the people.

Beware, as in 2009 and going forward, state and local taxation will exceed federal taxation. Already the total tax bill is reaching 45% of GDP, and the morons of the Hill want to add national health care????

ONLY two people pay taxes: wage-earners and consumers. There is no escape.

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