Tuesday, November 17, 2009
Government at Work - Managing our money
This is a perfect "throw the bums out" post.
Our elected officials are more intent on spending new money that they don't have, rather than policing the waste that is currently going on...
Our elected officials are more intent on spending new money that they don't have, rather than policing the waste that is currently going on...
At TwinCities.com, Brian Riedl writes this and provides a big list:
"To get a handle on how out of control federal spending has become, consider this: It surged to $30,000 per household in 2009. That's up from $21,000 (adjusted for inflation) in the 1980s and '90s. Yet rather than cut back, Congress plans to spend even more.
Lawmakers want an additional 11 percent domestic discretionary spending hike in 2010, as well as an expensive new health care entitlement. In the absence of spending restraint, closing these budget deficits would require permanent tax increases exceeding $8,000 per household.
This is absurd. Instead, Congress should reform Social Security and Medicare, eliminate outdated programs, and take back unspent stimulus and financial bailout funds. They could at least build budgetary credibility with the American people by cutting indefensible government waste, such as the following examples: "
