Video: The Wealth Redistribution Pump
It’s election year, so that means we have all sorts of politicians running for federal office and promising voters the moon (sometimes literally). But what is the cost of all those promises?
The cost is a big, black hole in our national budget that is entitlement spending. Most of the spending our government does is on sending checks (paid for with other people’s money or with borrowed money) to citizens.
It’s vote buying, plain and simple, as Bill Whittle points out in this video:
The most shocking fact? We could pay for all of our government – every tank, aircraft carrier, congressional office and EPA agent – with existing tax revenues and have plenty of money left over for tax relief. But even if we took the cost of our government out of the national spending pie, and left only entitlement spending, we’d still be running a deficit. Meaning we’d still have to raise taxes to make ends meet.
There’s no way around it. Entitlement spending is the problem, and we can’t tax our away out from under it.Tags: deficits, entitlements, national debt