Want to know what Congress is planning to do with the money they want to steal from you in 2009?
Defense: $515 billion ($294)
Homeland Security: $38 billion ($0; was in Domestic Necessary)
Domestic Necessary: $713 billion
Domestic Worthy Causes*: $305 billion ($217)
Social Security: $644 billion ($409)
Medicare: $408 billion ($197)
Medicaid and SCHIP: $224 billion ($136)
Interest: $260 billion ($223)
Total: $3107 ($1789)
Numbers in parentheses are how much was spent in fiscal year 2000. Source article here.
Here is the projected income:
Personal income taxes: $1259 billion ($1004.5)
Corporate income taxes: $339 billion ($207.3)
Social Insurance receipts: $949 billion ($652.9)
Other taxes: $153 billion ($161)
Deficit: $400 billion (surplus $236 billion)
I disagree with the authors’ conclusions – let’s completely eliminate Social Security, Medicare and Medicaid as a start – it cannot be done in one year, but it can be done. That would balance out the budget by eliminating almost a trillion dollars in theft. Social Security is an illegal Ponzi scheme, whether anyone will admit it or not. People too stupid to live healthy lifestyles and put money aside for the time when their health inevitably starts to fail deserve to suffer the consequences (I include myself in this group; I am a former smoker).
Once we get the trillion dollars of “I’m too stupid to take care of myself” money out of the budget, we can tackle the $305 billion in “domestic worthy causes” – honest people call that money pork. The proposed budget is criminal!