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Date: 04/01/12 01:00 PM

63 Responses to Funding Government By The Minute: Uh Oh

  1. Profile photo of AntEconomist
    AntEconomist Male 40-49
    339 posts
    March 29, 2012 at 9:50 am
    Link: Funding Government By The Minute: Uh Oh - The US government runs out of money at midnight on July 31. After that, it`s all on the credit card.
  2. Profile photo of tedgp
    tedgp Male 30-39
    3287 posts
    April 1, 2012 at 1:08 pm
    Thats what an decade long war does to a country. Deal with it
  3. Profile photo of BostonKaiser
    BostonKaiser Male 40-49
    1177 posts
    April 1, 2012 at 1:14 pm
    This is what happens when the people with all of the money don`t have to pay taxes.
  4. Profile photo of Kain1
    Kain1 Male 18-29
    1473 posts
    April 1, 2012 at 1:15 pm
    What an uplifting way to end the day..
  5. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    April 1, 2012 at 1:15 pm
    See? This guy makes sense!

    "Cut the army!" The leftists squeal! But look how far that gets you? Not bloody far.
    "Tax the rich!" They chant like a mantra, it doesn`t even make a dent.
    &etc.
  6. Profile photo of CaptainPabst
    CaptainPabst Male 18-29
    1250 posts
    April 1, 2012 at 1:26 pm
    Things will have to get MUCH worse before anyone is going to do anything about it
  7. Profile photo of ForSquirel
    ForSquirel Male 30-39
    2059 posts
    April 1, 2012 at 1:31 pm
    thank god it`s 2012. I almost got scared there for a moment.
  8. Profile photo of Fatninja01
    Fatninja01 Male 30-39
    25408 posts
    April 1, 2012 at 1:37 pm
    meh... i choose not to believe
  9. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 1, 2012 at 1:40 pm
    I`d be willing to bet that most people posting in this thread don`t have enough funds to see them through to April 30th never mind July 31st without taking affirmative action to ensure we remain solvent: that`s why most of us work every single month and not just the ones we feel like. How`s that any different to economics at a Governmental level? All this thread is really saying is that the US Government *would* run out of money by July 31st, if all it did between now and then was sit on its metaphorical arse eating Cheetos and reciting "we`re doomed" to itself. But, since the government`s *not* going to do that, July 31st is hardly a noteworthy date.
  10. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 1, 2012 at 1:43 pm
    PS: Before I watched this, I honestly thought that was a comedy goatee that guy was wearing for a joke.
  11. Profile photo of Arcval
    Arcval Male 18-29
    304 posts
    April 1, 2012 at 1:52 pm
    Hey guys! Lets apply microeconomics to macroeconomics! Yaaaaaaaaayyy!!!! Missunderstanding!!!!

    *facepalm facepalm facepalm*
  12. Profile photo of 8jdb28jdb2
    8jdb28jdb2 Male 30-39
    83 posts
    April 1, 2012 at 1:53 pm
    increase taxes maybe? hmmm.. idk, seems far fetched I know.
  13. Profile photo of Squrlz4Sale
    Squrlz4Sale Male 40-49
    6230 posts
    April 1, 2012 at 1:58 pm
    I thought this was "I Am Bored." Not "I Am a Tea Partier."
  14. Profile photo of Cajun247
    Cajun247 Male 18-29
    10722 posts
    April 1, 2012 at 2:01 pm
    So why not cut defense AND welfare?
  15. Profile photo of AntEconomist
    AntEconomist Male 40-49
    339 posts
    April 1, 2012 at 3:36 pm
    @Squrlz: It`s "I Am Capable of Arithmetic." The laws of math don`t care whether you are a Tea Partier or a Socialist.
  16. Profile photo of DeutschDude9
    DeutschDude9 Male 18-29
    473 posts
    April 1, 2012 at 3:48 pm
    That was stupid.
  17. Profile photo of Norris
    Norris Male 18-29
    1011 posts
    April 1, 2012 at 3:59 pm
    15% flat tax on everyone will do it, no refunds!
  18. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 1, 2012 at 4:11 pm
    I only just realised that the guy in this video is the actual IAB member that posted this. And who also posted umpteen other videos on the same subject featuring himself. For some reason that fact makes this video all the more stupid.
  19. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    April 1, 2012 at 4:20 pm
    @Really @MacGuffin? That makes it even more AWESOME to me!

    Nicely done @AntEconomist! Please post more!
  20. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 1, 2012 at 4:36 pm
    How bad an economics professor do you need to be before you need to step out of the classroom and onto IAB to get someone, anyone to listen to your crackpot theories?? Also, since it`s you in person, professor - shave that bloody goatee off, FFS: 1998 called and it wants its facial hair back. Its monochrome, salt-and-pepper aspect makes you look like you`re in a black and white porn movie, and you just gave cunnilingus to some girl that was on her period.
  21. Profile photo of BrimstoneOne
    BrimstoneOne Male 30-39
    2229 posts
    April 1, 2012 at 5:21 pm
    that where you step in and collect corporate taxes, they swimming in money, and almost all of them haven`t payed in decades

    Then government would work, but that`s not what Republicans want or need. A "working" government generate confidence in the citizens; can`t have that; a confident citizen would stand up against Union busting and loss of liberties, right and privileges.

    Now A citizen that is afraid of losing the job, life, pay check. And forced to worry about a dizzying amount of other stuff will gladly surrender union protections, rights , privileges, and liberty for the illusion of security, any security.

    Thus manipulated in to giving up what made them so great, so that some one gets more power that their profits can`t/couldn`t buy.
  22. Profile photo of SilverThread
    SilverThread Male 30-39
    3435 posts
    April 1, 2012 at 5:39 pm
    The solution is simple. Send the Elderly off to War.

    This will drastically reduce the amount of time people can collect Social Security and cut the astronomical cost of end of life care on Medicaid while doing away with the tragedy of seeing vital young people killed or maimed and left to draw disability for the rest of their lives.

    It sounds Goddamn Draconian, but in a horrific way it makes sense. Hell it`s how a beehive functions.
  23. Profile photo of Ant0n
    Ant0n Male 18-29
    761 posts
    April 1, 2012 at 5:39 pm
    Soooo where do all these money go?
  24. Profile photo of buttsdowhat
    buttsdowhat Female 18-29
    374 posts
    April 1, 2012 at 7:44 pm
    Legalize. Drugs.
  25. Profile photo of Draculya
    Draculya Male 40-49
    14544 posts
    April 1, 2012 at 8:50 pm
    The USA is in a third world fiscal cycle. What happens is the government borrows to fund spending it can`t fund from recurring income to pay for costs it can`t bear to cut, eventually the government can no longer pay the interest and the creditors take a haircut or there is total default. There is a brief period where the government can do nothing at all, where the economy all but disappears, but eventually everyone shrugs it off and goes back to business as usual.

    continued...
  26. Profile photo of Draculya
    Draculya Male 40-49
    14544 posts
    April 1, 2012 at 9:09 pm
    So who wins and loses in the Third World Fiscal Cycle?

    Many of the rich do well because they pay little proportional tax and are mobile enough to avoid losses and well funded enough to be insulated from the turmoil.

    In good times the poor (could theoretically) get more security and support than they would if the government spent within it`s means, but suffers terribly when the economy implodes.

    It`s a zero sum game, though.

    The middle classes invest their savings but really have no long term security. The only way to profit is to borrow heavily, invest in untraceable physical goods like gold and declare bankruptcy, but this is theft.

    If you must know what you are facing and how to get through it, google Ferfal`s "Lessons from Argentina’s economic collapse".
  27. Profile photo of DeanoBoz
    DeanoBoz Male 40-49
    195 posts
    April 1, 2012 at 9:39 pm
    It`s frighteningly simple; The U.S. will drop it`s facade of being "peacekeepers for the world" and start to use its military power to invade and plunder other countries, robbing them of assets and resources. Canada`s first. Called it.
  28. Profile photo of Squrlz4Sale
    Squrlz4Sale Male 40-49
    6230 posts
    April 1, 2012 at 9:54 pm
    @MacGuffin: That was beyond the pale. Honestly, I think you owe AntEconomist an apology. Disagreeing with someone is one thing; heaping abuse on them is another.
  29. Profile photo of Student_Law
    Student_Law Male 30-39
    1010 posts
    April 1, 2012 at 9:56 pm
    This guy has the same sense of how a government is financed as an eight year old. This guy could give lectures at a preschool.
  30. Profile photo of Draculya
    Draculya Male 40-49
    14544 posts
    April 1, 2012 at 9:57 pm
    Then it will plunder Mexico for its drugs. Called it.
  31. Profile photo of CrakrJak
    CrakrJak Male 40-49
    17515 posts
    April 1, 2012 at 10:15 pm
    MacGuffin: Insults will get you nowhere here.

    You simply lack a rebuttal argument and haven`t the intellect to even invent a false one.
  32. Profile photo of andfrank03
    andfrank03 Male 18-29
    68 posts
    April 2, 2012 at 12:41 am
    April fools!... right guys?
  33. Profile photo of beternal
    beternal Male 18-29
    2589 posts
    April 2, 2012 at 1:03 am
    Invade Iraq!!! - that will solve all your problems by having a scapegoat!

    ...oh wait... how much did that cost again?! Four trillion?!

    Oh well, at least you`ve stopped terrorism right? - at a bargain price of Two trillion! - oh wait, you haven`t?!

    oh...
  34. Profile photo of skruffer2
    skruffer2 Male 18-29
    58 posts
    April 2, 2012 at 3:40 am
    The older generations should share the burden of cuts to social security, medicare, and medicaid. They shouldn`t be cut off cold turkey since they have contributed to these programs their entire life but they also voted the politicians in on promises of these programs and have been the chief obstacle of reforming these programs. Saying future generations alone should pay for these programs while receiving little to no benefits in return is a pathetic way to avoid taking responsibility for your mistakes.
  35. Profile photo of wolladude
    wolladude Male 30-39
    361 posts
    April 2, 2012 at 4:22 am
    Or raise taxes....
  36. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 5:34 am
    @Squrlz4Sale & CrakrJak: I don`t need any advice on intellectual discourse from a grown man that`s into My Little Ponies and a racist, thankyou. I`ve been reading this site for years, and the joke I made about the person in this video`s ridiculous facial hair, and my comments about their pathetic repeated self-publicising, pale into insignificance when compared with the sort of racist and sexist comments I`ve read from some on here. You didn`t like what I said: deal with it.

    My "rebuttal" of the naive economic argument put forward by this guy was given below. Mysteriously, I see that neither of you have felt able to provide a counterargument to what I said. Failing any valid counterargument, I guess we`ll just need to wait and see whether July 31st comes and goes without the world`s banks foreclosing on the US, shall we? My guess is, come July, this guy`s unsupportable arguments will seem no different to any other doomsday cult prediction: the US isn`t going to
  37. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 5:34 am
    ...isn`t going to run out of money.
  38. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 5:53 am
    This will ... cut the astronomical cost of end of life care on Medicaid while doing away with the tragedy of seeing vital young people killed or maimed and left to draw disability for the rest of their lives.
    Of course, it`d only `save` anything if they were actually killed, and therefore not in a position to come back and resume claiming. Comparing a young person being killed with an old person being killed, wouldn`t it be the case that a young person being killed would save a even greater amount of money?, since in that case you`d be saving their entire 50-plus-years lifetime of claims, including their period of old age when it comes. By comparison, an old person (who`ll already have had a lifetime of claims behind them, whether or not they were subsequently killed) would have already cost the taxpayer money, regardless of what happens next.

    10/10 for original thinking, but 0/10 for logic.

  39. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 5:59 am
    Legalize. Drugs.
    Or at the very least stop locking up your citizens at an industrial rate that far exceeds any other country in the world, including ones that the US laughingly bleats on about lacking in human rights.

    For a country that represents only 5% of the human race, it beggars belief that you hold 25% of the world`s prisoners, most of them locked up for playing minor, non-violent roles in the drug trade. You can`t seem to lock up your many war criminals for five minutes, but when it comes to young, black people that make one mistake and get mixed up in drugs, the US seemingly feels able to hand out life sentences like they were going out of fashion.
  40. Profile photo of Squrlz4Sale
    Squrlz4Sale Male 40-49
    6230 posts
    April 2, 2012 at 6:18 am
    @MacGuffin: You may have been reading this site for years, but you joined only recently. Since then, you`ve been attacking user after user with personal insults. Telling someone that he "looks like he just gave cunnilingus to someone on her period" isn`t "intellectual discourse," as you try to defend it; it`s vulgar abuse.

    Regarding your rebuttal to the video, you`re mistaken in your belief that AntEconomist`s numbers exclude upcoming revenues for the fiscal year. I wish that were the case. In fact, the U.S. has been spending significantly more money than it takes in, year after year, for most of the past century, which is why our national debt is a staggering $15 trillion.

    That said, I have differences with some aspects of this video. But for now, defending civil discourse on IAB strikes me as more important. If people who disagree on here resort to personal attacks at the drop of the hat, it all becomes a waste of time.
  41. Profile photo of Kleion
    Kleion Female 18-29
    87 posts
    April 2, 2012 at 6:24 am
    Meanwhile, Apple and other such major corporations rake in billions a week. :P I suggest that the U.S. government find an alternative source of income. How cool would it be to have an OFFICIAL United States merchandise? Well, it can be yours today, for only $9.99! Tax-free! Let Uncle Sam`s All-American Underwear gently caress your nether regions in these fabulous, one-of-a-kind briefs! You`ll feel like a president when you try our Barack Burgers and freshly-squeezed Judicial Juice!

    If we`re gonna be a society driven by commercialism, we may as well embrace it. :D
  42. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    April 2, 2012 at 7:43 am
    But, since the government`s *not* going to do that, July 31st is hardly a noteworthy date.
    @MacGuffin: Well what IS the Obama government going to do? Borrow more money! That`s what! They`ll try to raise taxes a little, but it`s an election year, so increases will come after the election. Ditto for cuts. Obama has been `kicking the can` for 3 f-ing years now!

    Borrowing more is all the Democrats and Obama have done thus far. Hardly solves the problem, actually makes it worse.
  43. Profile photo of HalfPintRoo
    HalfPintRoo Female 18-29
    2765 posts
    April 2, 2012 at 7:59 am
    5Cats... if thats true, I can`t wait when a republican is in office so I can watch them NOT borrow money and help get us out of debt.
  44. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 8:23 am
    @5cats:

    I`ve no idea what the Obama government is going to do between now and July. Because I`m not Obama, nor am I any kind of apologist for that hypocritical gobpooe (the clue is in my appearance and actions - I`m the tall, blonde, pale, Scottish one that means what she says even if other people don`t like it, and he`s the short, dark, tanned, American one that says what he thinks people want to hear whether he believes it or not and regardless of whether he actually intends to act on his supposed convictions).

    Truth be told, I hope Obama gets bumped out of office at the next election by a landslide. Whatever the alternative might be for the US for the next four years, I think it`d be worth it purely to send a message to opportunists like Obama that telling popular lies to get yourself elected, then reneging on your promises five minutes after getting into office = you`ll be out on your arse first chance the electorate gets.
  45. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 8:23 am
    That said, here are just some of the fallacies on which the conclusions of this naive video are based:
  46. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 8:23 am
    1) The government spends at a uniform rate. Pick any date you like, and for that 24-hour period all government expenditure will be exactly the same as for any other date. It doesn`t cost more for street lighting in the Winter than it does in the summer, and the expenditure on defence during a war is the exactly the same as the outgoings during peacetime. Knowing that expenditure is this highly-predictable enables `The Prof` to conclude that money will run out at exactly 12 midnight on 31st July.
  47. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 8:24 am
    2) The government collects tax at a uniform, predictable rate. They can`t implement policies at will, such as varying the amount of tax on fuel, to offset any unforeseen circumstances, and they can`t cut back spending when things are tight. Again, this is why this clown is so confident in claiming that money will run out at midnight and no seconds on 31st July.
  48. Profile photo of DromEd
    DromEd Male 40-49
    1850 posts
    April 2, 2012 at 8:24 am
    Umm...both parties spend like drunken sailors on a 24 hour liberty. One party just feels a little more guilty about it. But the numbers don`t lie. The US spends way more on entitlement programs than it can afford. And I`m sorry but I don`t want to pay anymore taxes. The wife and I live on an income of 80K a year. 30K of that goes to the federal and state government. Another 1.5K for local taxes. That leaves 48.5K right? Well wrong, we then pay for toll roads, tax on gas and other fuels, alcohol, tobacco. But we`re still not done because everything you buy has tax as part of the price. So there you have it. Just an average Joe who sees almost 1/2 of his income taken by government. I`m paying my fair share. If you feel so strongly about it, why aren`t you sending Uncle Sam some extra cash every week.
  49. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 8:24 am
    3) That you need to balance any one year`s budget within that one year. It`s not possible to have years where you spend less and tax more, combined with other years where the balance is the other way around. That`s why when most people buy a house, for example, they need to buy it all at once rather than spread the cost over 25 years or so..........wait. Never mind that, 31st July at midnight exactly, I tell you! We`re all doomed!!
  50. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 8:24 am
    If you want to know how deeply the guy that posted this video holds his beliefs, here`s a challenge. Are you prepared to resign from your position as Professor of Economics at Duquesne University of the government *doesn`t* run out of money on 31st July, as you predicted? If not, why not?
  51. Profile photo of DromEd
    DromEd Male 40-49
    1850 posts
    April 2, 2012 at 9:02 am
    What part about running up debt is bad don`t you understand?
  52. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    April 2, 2012 at 9:09 am
    Holy post wall MacGuffin...
  53. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 9:12 am
    What part about running up debt is bad don`t you understand?
    Someone will be along to call you a "Communist" in a minute ("all property is theft"), or an "uncivilised Muslim" perhaps (Sharia law prohibits usury - debt - in most of the forms encouraged by capitalism).

    Debt isn`t bad. If it were, none of us that own our own homes would be able to do so. *Unmanaged* debt is bad, and there`s nothing in this video that suggests present US governmental debt *is* unmanaged.
  54. Profile photo of Angelmassb
    Angelmassb Male 18-29
    15511 posts
    April 2, 2012 at 10:02 am
    It was nice to know you America
  55. Profile photo of DromEd
    DromEd Male 40-49
    1850 posts
    April 2, 2012 at 10:14 am
    160,000 pallets of 100 dollar bills seems excessive to me. A national debt that would cover an entire football field in 100 dollar bills and tower over the Statue of Liberty? Well that seems excessive to me. But maybe my tolerance for debt is off. You see, I have none. I keep my fiscal house in order despite the huge chunk taken from me buy those who refuse to do the same.
  56. Profile photo of dang007
    dang007 Male 30-39
    596 posts
    April 2, 2012 at 11:46 am
    >>>Debt isn`t bad. If it were, none of us that own our own homes would be able to do so. *Unmanaged* debt is bad, and there`s nothing in this video that suggests present US governmental debt *is* unmanaged. <<<

    You are correct debt that is used to purchase capital items is not bad as you have possibility of the value of the item going up faster or at least at a similar rate to what you are paying to service the debt. On the other hand that is not what the government is doing. They are borrowing to pay for ongoing expenses not capital. (Will the government sell a road or an aircraft carrier later?) On the other hand some items do have a return, i.e. better roads mean more commerce which result in higher tax revenues for the government, but these type of expenses are a very small portion of government spending.
  57. Profile photo of dang007
    dang007 Male 30-39
    596 posts
    April 2, 2012 at 11:48 am
    >>>Never mind that, 31st July at midnight exactly, I tell you! We`re all doomed!!<<<

    Not even close to the point he was making.
  58. Profile photo of MacGuffin
    MacGuffin Female 30-39
    2602 posts
    April 2, 2012 at 1:17 pm
    >>>Not even close to the point he was making.<<<

    Oh really? So what exactly *was* "the point he was making" about July 31st? Because honestly, it did kind of sound for a second there like he said "The government runs out of money at 11:59 PM on July 31st", but maybe I imagined that, because surely no-one that claims to be an economics professor could actually say something that stupid. :\
  59. Profile photo of DromEd
    DromEd Male 40-49
    1850 posts
    April 2, 2012 at 1:47 pm
    I give up. You`re obviously the queen of obtuse or just trolling.
  60. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    April 2, 2012 at 2:10 pm
    5Cats... if thats true, I can`t wait when a republican is in office so I can watch them NOT borrow money and help get us out of debt.
    @HalfPintRoo: I hope to see that too! However I`m not holding my breath or anything. Cutting is HARD! Borrowing is EASY. Hummm, which road does a politician prefer... And Bush did more than his share of borrowing too.

    such as varying the amount of tax on fuel
    No actually, they cannot! It takes an act of Congress to change a Federal Tax, it`s not a yo-yo.
    That you need to balance any one year`s budget within that one year
    Um, yes actually! If you have money `left over` it`s a surplus, and if you spend more than you take in it`s a `deficit`. ipso facto!
    Taking the average daily (or hourly) spending is perfectly valid. Who cares if it`s July 31 OR July 29? Fact is: too much spending!
  61. Profile photo of 5Cats
    5Cats Male 50-59
    31783 posts
    April 2, 2012 at 2:17 pm
    Debt isn`t bad.
    True enough, but I`ve seen families go into debt to buy "luxury items" and end up with more payments per month than income! Something`s gotta give!
    The USA now spends 1.5 TRILLION DOLLARS MORE (apx) than it takes in! Every year the INTREST paid is more than the Iraq war cost! (per year)
    Soon, if rates go up, and the deficit rises like it is, intrest payments will be #1! MORE than any other program, more than HALF the USA`s budget! Oh sure that`s 10-20 years "down the road" which is where Obama likes to "kick the can" to.

    The best way to stop a total government meltdown? Balance the budget TODAY! Not 5 years from now.
  62. Profile photo of SilverThread
    SilverThread Male 30-39
    3435 posts
    April 2, 2012 at 9:16 pm
    McGuffin;
    Actually since you can’t start withdrawing Social Security until you are in your mid sixties in the United States, unless you are disabled, it wouldn`t make a great deal of difference who we sent off to war regarding saving to Social Security.

    The trick here is that you send off people whom are already collecting a benefit, so it doesn`t matter if they are further disabled in war. In addition if they end up dead it is a net gain because that becomes a benefit that must no longer be paid.

    The model you cited indicates that young people are already on a government payroll, Greece recently demonstrated for the world how bad an idea that is.

    Keeping our young and vital members at home would ensure a stronger work force and conscripting the elderly would ensure that executive level positions are vacated regularly within an organization precluding what we refer to as a Geriocracy. Rule of the masses by the old and decrepit.
  63. Profile photo of mcboozerilla
    mcboozerilla Male 30-39
    646 posts
    April 3, 2012 at 12:57 pm
    This is the biggest crock of poo I`ve ever seen here. 7 months of Federal spending for Social Security, Medicare, Medicaid and debt interest? Who is stupid enough to believe this except the far-right loons who only watch Fux News?

    Social security spending is completely covered by SS taxes. Medicare was find until 2008 when expenditures outweighed costs. Debt interest would account for about a month or a little over if I remember correctly.

    This is just another attack against "social programs" or "entitlements".

    The Top 10 largest government contractors by revenue are "defense" companies. They get almost $400 BILLION a year, and that`s more than half the Pentagon`s annual budget, which, by the way, is still way more than all the other departments` and agencies` budgets COMBINED.

    You want to save this country? Stop wasting so much money on the military and asinine wars, and tax the wealthy as they should be taxed.

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