Category Archives: US Federal Budget Fix It
First Fix: Apply Math! New Math – Old Math – Doesn’t Matter
I don’t fully understand the intricacies of finance or politics. But I know a lot of smart people, so I’m calling on the hive mind to take a critical look at our federal budget and fix what our representatives can’t.
I’ll pose questions, you post answers. If you want to pose questions drop me an email and we’ll figure out posting.
First, here’s where the government makes money.
Total receipts (in billions of dollars)::
|Individual income tax||1,359|
|Corporate income tax||348|
|Social Security and other payroll tax||959|
|Estate and gift taxes||13|
|Deposits of earnings and Federal Reserve System||80|
|Other miscellaneous receipts||21|
Now here’s where they spend it. All these numbers are in billions too. Thought I would say that just so you wouldn’t be worried.
Ooops, be worried. I think the numbers should be even or reversed.
And sure I carry credit. Here’s the thing though, I’m not a fucking government. My financing a TV is a little different than the Corporation for National and Community Service fueling its mission of…fuck if I know…off panda tears.
So, first question smart people. Why do we spend more than we make?