FEEDING THE BEAST
"Feeding the beast" is a term
used on occasion by those in Washington when referring to the
Federal Government system. Parties from both sides of the aisle
use the term to justify the need to keep spending more tax
dollars than they take in every year. And so the beast grows, and
will continue to grow until a change is made in the attitude of
those "on the hill", and all across America.
According to the Congressional
Budget Office, and taken from correspondence sent to the "Sneaker
(Speaker) of the House", the increase in the National Deficit for
the remainder of this fiscal year will be $185 billion (This
figure is only taking into consideration the passing of HR 1, and
must be added to the $488 billion pre-Obama), and an additional
deficit next year of $399 billion. All of this, of course, will
be added to our National Debt via borrowing still more money from
China, and using Federal Treasury Bonds as the collateral. Those
Treasury bonds are backed by a mere $11 billion held in Ft. Knox,
and the projected revenues from our tax
dollars.
So how much comes in? From where?
And where does it all go? Simple questions, not so simple
answers, thanks to the smoke and mirrors of Congress. Total
receipts for this fiscal year were projected to be $2.7 trillion,
before the bottom fell out, while outlays were projected to be
$3.107 trillion, before the $787 billion "Stimulus" and the
"Minibus" addition of an estimated $410 billion (CBO Report not
currently available) to the Omnibus bill, and all the other "Bank
Bailouts", etc., still to come. It's not that hard to believe the
Federal Budget for fiscal year 2009 could easily exceed $5
trillion, while revenues are going down. If those figures are
accurate, we would have a National Debt in excess of over $13
trillion by the end of the fiscal year.
What feeds the beast? Revenues are
divided into several categories, some of which are supposed to be
placed in Trust Funds not to be touched, like Social Security and
Medicare. But Congress has already "borrowed" over $800 billion
just from Social Security over the last 50 odd years, and our
President intends to drop the Trust Fund from its current balance
of $188 billion to $5 billion over the next two years, using the
monies to reduce the National Deficit so he can show a reduction
in his budget next year and the year after. And Medicare will be
stripped, though the number is not yet available, to fund
National Health Care. It's all a matter of "robbing Peter to pay
Paul". But in this case, we are Peter and the beast is Paul. But
I digress. Individual Income Taxes are the single biggest source
of revenue, with a projected $1.26 trillion, followed by Social
Security at $950 billion, Corporate Taxes at $339 billion, Excise
Taxes at $69 billion, and "other" at $83
billion.
Where is it all spent, and why do
they need to "print" more money to spend? This is where it gets
tricky, there are twenty-eight listed agencies, and one category
for "other independent agencies", which makes for a very large
and hungry beast. The following numbers are projections based on
available numbers, and do not include the additional amounts
mentioned above. The big ones are Defense, at $651 billion, with
cuts the next two years of over $100 billion, Health and Human
Services at $740 billion with increases of $80 billion within two
years, Treasury at $548 billion with increases of $50 billion
over the next two years, Social Security at $690 billion with
increases of $50 billion a year ad infinitum. Personnel
Management is at $67 billion with increases of $2 billion a year.
These numbers are the base figures that, though seriously out of
line in some instances, government operates on. Along with the
additional "hidden" spending on special interest projects, the
total projected expenditures are the $3.107 previously mentioned.
It might also be interesting to know that the interest paid on
the Treasury debt alone is in the neighborhood of $500 billion a
year.
So what would it take to balance the
budget, and reduce both the National Deficit AND the National
Debt? Starve the beast is the simple answer. Reduce the size and
scope of the Federal Government by cutting all "special interest"
spending and let the chips fall where they may. Next, cut excess
spending by all departments, and force all Human Service Agencies
to document spending, assuring that all spending is on American
citizens only. Cut the money expended on foreign countries and
interests by half, and make all spending ONLY for Humanitarian
aid in countries that are closely allied with us. We should know
by now that we can't buy friends in foreign countries. Examples
of that would be Castro, Noriega, Saddam Hussein, even al Qaida,
all of whom we have funded at one time or
another.
Also, to repair the damage done to
Social Security and Medicare over the years, Congress should
immediately begin to repay the IOU's they've written all these
years, interest included, and all members of Congress should be
held to draw their retirement from SS as well, ending the special
retirement they enjoy. In case you don't know what that is, they
receive 80% of their Congressional salary for life, even after
serving only one term. And it wouldn't hurt to have them under
term limits, which certainly would discourage their wanting to
fund "special interests" that get them re-elected term after
term. And while we're at it, how about ending the "anchor baby"
programs that draw millions a year from Social Security without
ever paying a dime in? That would extend to all illegals that
come here to have babies only to gain entry, knowing that we
won't toss them out if their child is an American citizen. A
balanced budget amendment would also be required to force
Congress, and the President, to curtail all the nonsense they
pass that does nothing for the average American except put us
all, and our future generations, deeper and deeper in
debt.
These are just a few examples of
what can, and should, be done to save the country we love, while
we still can. We must stop feeding the beast before it devours
us!!!
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