- Taxes are another name for “ other people’s money.”
- Some of this is your money. See Tom Coburn’s web site to learn about how much is wasted.
- We are paying 6% on interest on the debt. And, interest rates are going up. That is 600% more than we pay to support education at the federal level.
- The rest of the dollar is roughly 25% health care, 25% social security, 20% national defense, and 20% welfare and veteran’s benefits.
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- If you family income is $52,000 then by comparison you are carrying a $320,000 credit card debt. You pay $1,000 a month interest on that debt. And, you are spending $12,000 per year more than you make. You are a financial disaster !!!!!!!!!!!!!
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- The tax increases for Obamacare alone is $500,000,0000,000 over the first 10 years. An increase of 1,000 times. Someone needs to set our representatives down at the kitchen table and explain, your salaries will be cut in proportion to your overspending. You can NOT reduce the debt if you can’t budge it. You get a raise after the debt is gone and we can again afford it.
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