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To: freespirited

Not so sure about that:

http://en.wikipedia.org/wiki/File:U.S._Federal_Receipts_-_FY_2007.png

http://en.wikipedia.org/wiki/File:U.S._Federal_Spending_-_FY_2007.png

In FY 2010, defense spending, Social Security, and Medicare/Medicaid combined were over 100% of federal revenues.

Social Security and Medicare payments will keep going up as more boomers retire, go on Medicare, and the general population keeps aging and gaining weight.

Tax incomes are probably going to go down.

Entitlements are the elephant in the room that no one will address. Americans are living in a delusional state of denial.


16 posted on 07/23/2011 12:18:57 PM PDT by MichiganConservative (We would all be better off if the federal government just decided to end itself.)
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To: MichiganConservative

Social security in the red this year (2010)

http://www.washingtontimes.com/news/2010/aug/5/social-security-red-first-time-ever/


19 posted on 07/23/2011 12:25:39 PM PDT by MichiganConservative (We would all be better off if the federal government just decided to end itself.)
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