Wednesday, February 25, 2009

Is lack of money really the problem?

People seem to believe the mantra that there isn't enough money to handle our spending. Is the problem really not enough money?

In looking at the CBO (Congressional Budget Office) numbers for the past couple decades lack of money does not seem to be the problem. Revenue to the Government doubled from 90-2000 while discretionary spending also doubled. Social security payments increased 65% and Medicare and Medicaid more than doubled. From 2000-2008 (projected) revenue increased 25% but discretionary spending once again doubled. Social security increased 50% and Medicaid and Medicare went up 2 and a half times. The government continues to collect more each year so money is not the problem how they spend it is. Instead of arguing over how to get more money why don't we/they spend more time on spending it wisely.

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