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Posts Tagged ‘privatization of entitlements’

Where Does Your Tax Dollar Go?

Monday, April 29th, 2013

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 spending is going up (this time, Social Security)? Note that eventually, entitlement spending will crowd out all other spending, consuming all revenue.

 

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

Tuesday, April 16th, 2013

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 2012 Washington collected...

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New Video: Tough Decisions

Saturday, March 30th, 2013

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 to make the “tough decisions” i...

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