The problem is that the left has beat up Republicans for decades, for not raising the taxes to pay for their spending.Could have just skipped the whole post except for this.
Someone either understands this or they are a liberal butt hole...
This number is a couple years old now. But our government spends money at a rate of 7.23 million dollars every 60 seconds. The problem is that government revenue does not cover all that and they are overspending at a rate of one million dollars a minute.
I know you don't know these numbers like I do. But think about it. There are 320 million people in the country and 525600 minutes in a year. Only 5.8 percent are millionaires. Do you think it is possible to tax our way out of this situation?
The obvious answer is to freeze this years spending at 16% of the previous years GDP, cut taxes overall, Grow the economy, and shrink the deficit. If they overspend this year. Take away the amount they overspend from the following years years budget.
F^&*ing politicians will always find some excuse why they have to overspend.
The left has a basic objection to this line of thinking because they do not want the masses to be self sufficient. They get their power from promising to provide. The government makes a very poor provider. Welfare, Food stamps aka EBT. Section 8 housing. unemployment. All examples of government programs that you have to be poor to qualify for. And punish you if you earn any real money. So how are you supposed to work your way off of it?