Washington Spending
When government spends beyond its means, we all pay the price.
Stimulus loans, larger entitlement programs, and growing bureaucracies have all led to out-of-control Washington spending and record government debt. Politicians have refused to cut the wasteful spending, instead choosing to use taxpayer money for their own power and purposes. As a nation we are on a road to destruction, as this is economically unsustainable.
This section contains articles showing how the Federal Government and its budget have grown to massive proportions: we must stop this death spiral before it kills the private sector and our economy.
Key Talking Points
- ⋅ Our Federal Government’s irresponsible overspending has created a crushing level of debt
- ⋅ Growing entitlement programs, subsidy and stimulus payments, public employee union demands and wasteful spending are threatening our nation’s economic stability
- ⋅ Politicians in Washington choose privilege and power over fiscal responsibility
Recent Articles on Washington Spending
10.19.2012 | Too Much Bureaucracy: The Real Fiscal Cliff
Do you feel a change in the economy? Are you worried about your job security? Major businesses like Medtronic and General Mills together laid off nearly 2,000 works to adapt to the current slowdown.[1] [2] With so many unknowns today, wouldn’t it be nice to know why we’re slowing down? The answer lies in following [...]
10.3.2012 | Federal Budgets, GDP and the 18% Solution
An interesting thing happens each year with our tax dollars. The overall tax receipts (amount of tax dollars collected) always average around 18% of Gross Domestic Product (GDP).[1] GDP represents the total dollar value of all goods and services produced over a specific time period for the U.S. The relationship of taxes collected to [...]
8.7.2012 | Obamacare: A “Taxing” Game of Hide and Seek
The Obamacare Individual Mandate, is it a tax or isn’t it? President Obama emphatically denied, prior to Obamacare’s passage into law, that it’s a tax. He even got a bit testy during a TV interview when a dictionary definition of “taxes” was read to him which made his mandate sure sound like a tax.[1] However, [...]
5.24.2012 | A Tale of Two Budgets
House Budget Committee Chairman Paul Ryan (R) of Wisconsin recently submitted an eight-year budget plan for America. Much has been written in the last few weeks about the similarity between Ryan’s budget and Obama’s budget. While it would be easy to go through both budgets line by line and point out the differences, the simple [...]
5.7.2012 | The World’s Biggest Loser: America’s Corporate Tax Rate
“We’re number one! We’re number one!” When America is competing against other countries at international events, isn’t that chant music to your ears? Guess what? On April 1, 2012 the U.S. moved into first place, but this is one time when coming in last would actually be the more desirable spot. Welcome to the competition [...]
4.8.2012 | A Taxing Problem
We hear a great deal about taxes: Are they fair? Rich people don’t pay enough. The middle class pays too much. What about those who don’t pay anything? This raises some questions for me: * What is fair and who determines what’s fair? * Should the wealthy pay a greater share? * Are successful people [...]
3.30.2012 | Washington’s Drunken Spending
What do $10 million in “Sesame Street” remakes for Pakistan, $765,828 to subsidize “pancakes for yuppies” in Washington D.C., and $550,000 for a documentary about how rock music contributed to the collapse of the Soviet Union, all have in common? You paid for them.[1] In a December 2011 oversight report, U.S. Senator Tom Coburn, M.D. [...]
3.29.2012 | Viva La Taxes…What?
Did you know the U.S. is in a race? We are now racing France to increase taxes on jobs producers. France is also in the Presidential election process this year and there is a striking difference between the French Presidential Candidates regarding the taxation of the “rich.” Sound familiar? Will this tactic really work or [...]
3.13.2012 | Million Billion Trillion
You are getting sleepy, very sleepy. One million, six billion…you are getting sleepy…500 billion, 15 trillion, you are getting very sleepy. This is how a hypnotist works the mind to bend to his suggestions. Repetitive information starts to lose its significance after hearing it over and over again. One million, one trillion, what’s the difference? [...]
3.1.2012 | Lead, Follow, or Get Out of the Way
Our national debt has now climbed to its highest level since World War II spending; however it was an economic boom that brought us out of the Great Depression. Compare this to our situation now; we have the high spending, high debts, with no economic boom in sight.[1] What is causing our national debt to [...]
