There has been a seemingly endless debate about the Federal government budget, debt and spending cap that has dominated the news. I hate to think about all of the money that has been wasted on endless studies and “expert” economists to try and come up with an solution to the problem.
Based on all of this chatter, discussion, debate and brain power, you would think that this is an insurmountable problem. Well I am here to tell you…it’s not. Forget about all of the battles and numbers and boil the problem down to two pretty basic numbers and you can see exactly where the problem lies.
In the 50 years between 1960 and 2010 the revenue coming into the federal government is 20 times greater. In other words the dollars we took into the Federal government coffers is 20 times the amount of money that we took in back in 1960.
The other number is based in that same 50 year period…spending by the Federal government in 2010 is 42 times! greater than it was in 1960.
If you can’t figure out what the problem is, based on those two basic numbers, you’re either not trying, you’re lying or you’re stupid. It’s really that simple.
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