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 "It's the spending, stupid" Not Revenue, Tis The Blame For Deficits

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Abracadabra
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Abracadabra

"It's the spending, stupid"  Not Revenue, Tis The Blame For Deficits Usaca10 Male Aries Posts : 1325
Join date : 2010-05-13
Age : 80

"It's the spending, stupid"  Not Revenue, Tis The Blame For Deficits Empty
PostSubject: "It's the spending, stupid" Not Revenue, Tis The Blame For Deficits   "It's the spending, stupid"  Not Revenue, Tis The Blame For Deficits EmptyWed 13 Jul 2011, 7:37 am

Obama says he cannot guarantee Social Security checks will go out on August 3......
http://www.cbsnews.com/8301-503544_162-20078789-503544.html


Blaming deficits on policies affecting only the revenue side of the budget baseline equation may be convenient, but any sound budgetary policy should not be based on such an ''out of balance'' ability to perceive things in their actual interrelations or comparative importance. The chart below helps to explain......

"It's the spending, stupid"  Not Revenue, Tis The Blame For Deficits Runaway-spending-tax-revenue-600

The above chart show spending to be 2.3% more then revenues for 49 years (1960-2009). Let put that into numbers that may be easier to understand. Let's say that you earn $500 per week, using the chart's as a guide....

$500 is your revenue and you spend 2.3% more than earn.
$500 X 2.3% = $11.50 + $500 = $511.50
You are spending $511.50 and only earn $500... frustrated

Can you do this for 49 years???? no idea
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