In The Aggregate - Arizona's political blogs » entitlement cuts

Where Does Your Tax Dollar Go?

Christopher Cook — Mon, 29 Apr 2013 18:00:14 +0000

ICYMI, on Tax Day, Heritage provided a useful chart showing federal spending, by percent, laid out on an image of a dollar bill. As it happens, we at Western Free Press did the same thing last year. Below are the two charts. Notice how entitlement spen...

What Happens to All That Tax Money? (Hint: Most of it goes to Social Security and Medicare)

John Walker — Tue, 16 Apr 2013 10:30:27 +0000

Long ago, Americans grew immune to reports of federal spending in the billions and then the trillions. It is almost impossible to shock taxpayers.

Nevertheless, they do pause every year when they pay their income tax and ask where the money goes and why the government keeps asking for more.

The U.S. national debt now stands at $16.8 trillion. That is $148,170 for every American taxpayer; it is $53,230 for every person in America.

According to the Heritage Foundation, in ...

Bankrupting America’s Spending Daily

Bankrupting America — Thu, 11 Apr 2013 22:22:23 +0000

Spending Daily | April 11, 2013

“A Tale Of Two Charts: Busted To Balanced In One Year?”

POLITICO reports, “Tucked deep inside President Obama’s budgets last year and this year are charts extrapolating the effects on publicly held debt some 70 years in the future, but they paint vastly different pictures, going from out-of-control, exploding debt to dropping-like-a-stone, into-negative-territory debt. … One White House official said the new, rosier prediction is based on explosive economic growth that the ...

New Video: Tough Decisions

Bankrupting America — Sat, 30 Mar 2013 17:10:48 +0000

New Video: Tough Decisions

For months the White House has maintained that any “balanced approach” to deficit reduction must include entitlement reform. President Obama has talked about the need to make meaningful changes to entitlements, and urged congress to follow his lead. With the White House budget scheduled to be released on April 10 – more than two months late – Americans will be able to see for themselves whether this administration is ready ...