Raising expenditures while lowering revenues is a recipe for financial disaster. Do you operate your business or family finances that way? Are there "special" rules that make it feasible for the US government to do so for years on end? Wouldn't it be a good idea for the national budget revolve around a balance point, sometimes in the red, sometimes in surplus? Debt service requires taxing
someone.
http://home.att.net/~mwhodges/debt.htm Quote:
FEDERAL GOVERNMENT DEBT = $23,270 PER PERSON, and rising
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This means a family of four (4) shares more than $93,080 in federal debt responsibility - - including those still in diapers.
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During the 2 years since the Sept. 11, 2001 terrorist attack, federal government debt increased $975 billion - - some might say, "But isn't more debt OK to fight the 'war on terror'?" My response: did they reduce non-defense spending to fund our protection, since the major reason our founders formed a federal government was for national security? Answer: Nope!! They increased non-defense spending, too. |
My view: debt service taxes are funding our enemies.