Mourning in America - Here’s Those Layoffs We Voted For Last Night
http://www.freedomworks.org/blog/grusbf5/good-morning-america-heres-those-layoffs-you-voted
Also
In Fiscal Year 2011, the federal government collected $2.303 trillion in tax revenue. Interest on the debt that year totaled $454.4 billion, and mandatory spending totaled $2,025 billion. In sum, mandatory spending plus debt interest totaled $2.479 trillion… exceeding total revenue by $176.4 billion.
For Fiscal Year 2012 which just ended 37 days ago, that shortfall increased 43% to $251.8 billion.
In other words, they could cut the entirety of the Federal Government’s discretionary budget– no more military, SEC, FBI, EPA, TSA, DHS, IRS, etc.– and they would still be in the hole by a quarter of a trillion dollars.
The US government is legally bound to spend more money on mandatory entitlements and interest than it can raise in tax revenue. It won’t make a difference how high they raise taxes, or even if they cut everything else that remains in government as we know it.
~~ Simon Black sovereignman dot com
I am interning at a very large nursing home where most of the nursing staff is AA or african. Was really dreading to go in today, figured they’d be whooping and hollering. They WERE smiling and seemed to be in very good moods. Some did opening discuss it, not seeming to wonder if I perhaps sitting there was a person who was not too happy abot the result ....but there was no crazy crap or hollering going on. One guy couldn’t stop runnning his mouth about it, and many of the older folks were talking about it ...but more of them are demented, lol.
Simon Black is the man!