At the outset, I'd like to state that I feel both the federal and the New York State governments have over-spent for years-and-years, no matter the party in power. Had I been in charge--at the federal level--there would not have been any 'continuing resolutions!!'
Depending on the faction you're listening to; the federals have an income problem; a spending problem; a wealth-redistribution problem. I contend that we have a 'spending-category' problem! Yes, the federals' spending far surpasses the federal 'income,' but look where it's being spent:
- $787Billion for 'shovel-ready' projects that never existed; for investments in infrastructure creation and repair that never materialized.
- The 54% of American adults that are on some form of federal wealth-redistribution-funded by the 46% of American adults that actually pay taxes.
- Many Americans, while paying federal income taxes, actually make a profit in the process!! With the 'Earned Income Credit' and the 'Making Work Pay' tax credit, Americans actually are refunded more money than they paid in federal withholding. If the federals weren't in the business of buying votes, they might consider any tax credits applicible up to the total of the individual's/families' federal withholding amount. No Profits!!
Til Nex'Time....
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