Mandatory Gov. Spending Exceeds All Gov. Receipts for 2011

Discussion in 'Politics & Religion' started by pspr, Mar 16, 2011.

  1. pspr

    pspr

    This isn't ALL Obama's fault but he is doing zilch to get us out of this mess and instead is making it worse.

    Mandatory (entitlement) spending as a percentage of total federal receipts, by year, according to published White House figures:

    1970: roughly 33 percent
    2000: 47 percent
    2005: 61 percent
    2010: 90 percent
    2011: 101 percent


    http://www.weeklystandard.com/blogs...federal-revenues-fiscal-year-2011_554659.html
     
  2. I've read that Oprah has all the money. We have to tax her.
     
  3. There is a simple solution- increase the length of the "year".

    Also on a simpler scale.

    These %'s could represent the cost of goods/mandated expenses to produce a "widget". A company can remain in business by taking out a loan to continue doing business losing 1% on every transaction till that company runs out of credit.
     
  4. pspr

    pspr

    Say What?

    I do agree with your choice of salutations though, Meg. :D