Wednesday, June 12, 2013
"Unsustainable and Unconstitutional General Welfare Spending"
Current government policies are NOT sustainable, and the price will eventually have to be paid...
At Townhall.com, Brian Vanyo wants us to know this, and provides a history lesson as to how we have gone astray from the intent of our founding fathers:
"Obviously, there is a spending problem in Washington, D.C., and the reason for it is no mystery. The largest expenditure in Obama's budget -- and the largest federal outlay in every budget since 1970 -- is an expense item labeled 'payments for individuals,' which includes spending on Social Security, Medicare, Medicaid, unemployment benefits, disability payments, and other federal welfare subsidies. These payments constituted 65 percent of all federal spending in 2012 and are expected to grow to 70 percent in 2016. (By contrast, national defense spending was 19 percent of the federal budget in 2012 and will decrease to only 14 percent in 2016.) The federal government has essentially become a wealth-redistribution center, for it collects enormous sums of money through taxation ($2.45 trillion total in 2012) and then distributes this money to select people in countless 'payments for individuals' ($2.3 trillion spent in 2012). The leftover money isn't nearly enough to pay for the interest on the national debt, not to mention the other government functions that must also be funded, like national defense. So the federal government borrows more and more money by the day just to keep operating. This level of spending and borrowing simply cannot be sustained,..."
