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To: SeekAndFind

Government spending on 'entitlements'. ↑


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.

23 posted on 09/18/2012 7:02:38 AM PDT by Bon mots (When seconds count, the police are just minutes away...)
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To: Bon mots

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!


110 posted on 09/18/2012 9:34:53 AM PDT by ridesthemiles
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To: Bon mots
So, what that chart tells me is that if we cut [government] pensions and healthcare we can keep welfare.
*shrug* works for me.
119 posted on 09/18/2012 9:55:19 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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