The Ted Cruz Thread - Page 43
Yeah, the Repubs never want any government control. Except, of course, what Jesus tells them to control.
Seriously, the federal government will spend about $3.6 trillion. 450 000 000 / 3 600 000 000 000 = .000125
This is a really interesting site. You can see defense spending is at a relative low in our history (as percentage of government spending), and entitlements are at an all-time high and growing. Our spending relative to our GDP continues to grow. Until WW2, except WW1 and the Civil War, US government spending was almost always under 5% of GDP. Today we're averaging over 20%. Worse our government income has never topped 20%.
Now, you can run a 1-2% primary deficit and still pay off debt provided you are growing as a country - essentially you can outgrow your deficit, but when the difference is 3-5% and growth is anemic it isn't possible.
You can also see our taxes are coming more and more from income and corporate taxes rather than tariffs, excise taxes, etc.
Well, to many government programs. Each one takes tax dollars. Anytime you tell thumb suckers you'll get the rich to pay for it the thumb suckers will vote for you, and then the thumb suckers wonder why their taxes go up. They want all these social government programs and then their taxes go up and they can't figure it out. Brainwashed since before the sixties. Some social programs I believe in. But, when are there to many? Killing the goose that lays the golden egg doesn't help. Or, you could say, it is the one to many straw that broke the camel's back. Recessions are often caused by new taxes the democrats get into law.
Well, if you don't raise revenue when you raise spending, you're lying even worse. You're increasing inflation and increasing the financial burden down the road. While I don't want to see new taxes (and indeed sometimes creating or raising taxes decreases revenue), you have to pay for it some other way: inflation or debt.