Over the next 12 months, the
government will
spend an average of $30
billion more every month than it takes in.
Does this concern you? It should!!!
If your family earns $50,000 per year, just to pay down the $1 trillion in new debt that the government overspends each year – it would take your family 32 million years to pay for it.
Now, multiply that by 16 – because the government is now $16 trillion in debt –
That’s five hundred and twelve million years. Yes, 512,000,000 years to pay it back!
Penny plan SOLUTION??
If the government cuts one penny out of every dollar of its total spending (excluding interest payments) each year for five years, and then caps overall federal spending at 18 percent of national income from then on, we can:
- Reduce federal spending by $7.5 trillion over 10 years.
- Balance the budget by 2019.
Would you be for or against the penny plan?
If against the penny plan, what plan would you support?
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