What’s that mantra about repeating something often enough until it becomes a truth? Maybe that’s what top Democrats are trying to do in regard to the massive spending problem we have in our country right now. Pay no attention to the trillion-dollar deficit over the budget line!
President Obama, Nancy Pelosi, and Steny Hoyer have all said recently that we don’t have a spending problem. This week, Senator Tom Harkin publicly promoted the delusion, saying, “I want to disagree with those who say we have a spending problem.”
Everyone keeps saying we have a spending problem. And when they talk about that, it’s like there’s an assumption that somehow we as a nation are broke ... we are now the richest nation in the world. We have the highest per capita income of any major nation. That kind of begs the question, doesn’t it? If we’re so rich, why are we so broke? Is it a spending problem? No.
I know math is hard and all, but a spending problem is when you spend more money than you bring in, regardless of the amount coming in. In 2012, the government brought in about $2.5 trillion, and spent nearly $3.8 trillion. So it spent all the money it brought in, and then spent more than half of it over again.
Think of it this way, if you made $50,000 last year and spent like the government spent, you’d have paid out $76,873. You’d be almost $27,000 in debt. In one year. And you only make $50K. That, my friends, is an overwhelming spending problem.
Harkin is right about one thing -- we are a rich nation. However, being rich doesn’t preclude a spending problem. The two are not mutually exclusive -- the numbers are just bigger when you’re playing with larger amounts of money.
By saying that we don’t have a spending problem, Democrats imply that we must have a revenue problem. We must bring in more money! Well guess what? We do bring in more money every year. As a whole, Americans pay more tax revenue every year than they did before. This is good! It means we’re all getting richer.
So why does it feel like we’re broke? Because the increased revenue is a drop in the bucket compared to the massive increases in spending. It’d be like getting a $3,000 bonus, and celebrating by buying a $50,000 car.
We do have a spending problem, and no amount of saying otherwise can change that.
Why do you think Democrats are refusing to acknowledge our government's spending problem?
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