lpnmajor wrote:
We've all heard the arguments over who is bankrupting the country, the poor, the elderly, the sick, the Congress, etc. Does the money tell us anything? It does.......if we could ever see it, you know, the for realz.
How much are we paying in interest on the National debt, bearing in mind that we are steadily ADDING TO the debt every month, increasing the interest exponentially? We must also keep in mind, that we're ( supposedly) paying interest on the money stolen from our Social Security and Medicare trust funds, further adding to our total interest payments. I'm guessing that the total interest payments are larger than many countries entire annual budgets.
Due to increased lifespans, there is the argument that Social Security will become insolvent soon, but what that really means is....................the Government will reach a point where it cannot buy back enough Treasury bonds to meet commitments.........................and pay itself too. How much are we paying for non contributory Federal retirement, that former lawmakers, judges and secretaries draw for life? With folks living longer, folks getting 100% retirement payments, that are 100% taxpayer funded, are growing at an exponential rate. Who costs more; the 70 year old person on Social Security, who paid in a percentage of their wages for 55 years, now getting a percentage of their working wage who lives to 103 - or - the 54 year old former lawmaker who contributed nothing, getting 100% of the their working wage who lives to 103? Yeah.
Tell me, who is it that keeps trying to tell us that those who paid into Social Security all their working life, now drawing a pittance are bankrupting the country? Oh, yeah, that's right..................the very people drawing 100% of their working salary in retirement, who paid nothing. How many former Congress people/secretaries/judges are we paying full salaries to? How much is that costing us?
How much are we spending buying new cars, boats, planes for Federal agencies? How much in per diem are we paying every month? How much in travel expenses? There are 10's of 1000's of line items, for which we have no idea of the amounts involved. Do Federal agencies submit budgets? Do they have to follow that budget? Who has oversight to ensure that our money is being spent wisely?
While politicians keep us looking HERE for the source of our financial woes, they're steadily spending our money unrestrained over THERE. I say...............show me the ^#$* money!
We've all heard the arguments over who is bankrupt... (
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40 cents of every dollar our gov’t spends is borrowed.