An Ugly Truth About The U.S. Economy

An Ugly Truth About The U.S. Economy
(posted with the author's permission from: http://sane-ramblings.blogspot.com/2011/06/ugly-truth-about-us-economy.html)

Politicians are discussing slashing Medicare, Social Security, the educational system, police and fire protection and other essential services. But they don't discuss slashing military spending, which is the U.S. government's single biggest expense. Do you know why?

Because it is the U.S.'s biggest manufacturing job provider. Military contractors and sub-contractors account for 1-2 million high paid jobs, all at taxpayer expense. And those jobs are located in nearly every Congressional District, so Congressmen don't want those jobs touched.

But in the U.S., 24 million people are unemployed, under-employed or are no longer counted because they have been unemployed beyond 99 weeks. No-one wants those jobless rolls to grow, which would happen if tens of thousands of military contract employees were laid off. Yet the military machine is going to have to face layoffs.

Why? Because the U.S. government brings in just 59 cents for every dollar it spends. And no politician wants new taxes. So where does the additional money currently come from? Borrowing and printing. This is a recipe for financial disaster.

This ugly truth will effect each American, for our government is going broke. The sooner we face this ugly reality, the sooner we can confront our problems. We cannot borrow our way out of this mess no matter how much our government tries. It only makes it worse. Please raise your voice for fiscal sanity and to end these wars that are draining us financially and morally. It is long past time we held our politicians accountable for the wars, the spending and the military machine behind them.

...and firefighters, teachers and others who also need jobs.

Money spent on teachers and nurses gets respent.

Money going into the already-bloated Swiss bank accounts of international owners of the MIC doesn't help the economy.

We've got an ugly path ahead of us, and it's just making it worse to sit around pretending it doesn't exist.

Now they want to send us thru another without the safety net? These people are not helping us.

pooh-poohed. :shrug: :patriot:

It's that easy. The problem is we live in a criminal country.

We pay special taxes to support Medicare and Social Security. So, they shouldn't really be lumped in with the other expenditures.

From non SS-Medicare taxes (income tax, etc.), the DoD consumes 35 percent of government revenue.

about 1/3 of the employee side of FICA taxes. Those 'missing' funds are being made up by funds from general revenues i.e. income taxes.

The Truth About The Economy In 2 Minutes

Former Labor Secretary Robert Reich said he could explain the problems with the economy in less than 2 minutes, 15 seconds—and he did it

www.youtube.com/watch?v=JTzMqm2TwgE


http://www.commondreams.org/video/2011/06/17-0