Total tax revenues collected by the IRS in 2011: $2,332,754 million and falling...
We are at that point where entitlement spending is about equal to total tax revenues - the problem is, that tax revenues are falling, while entitlement spending is rising.
There is no way to pay down the debt or pay for any other programs without debasing the currency now.
Under Obama, Food Stamps have gone from $39 Billion a year to $81 Billion spent.
One guy got arrested in Florida & tried to pay his bail with his EBT card!!! Judge said NO!