A mentor once said to me ‘plan your work and work your plan’. I do and I feel it is necessary to do the same with ones money. Make your money, plan your taxes then it is up to you to find a place for the rest if you are lucky enough to have anything left.
The point being is our government has indulged in a spending pattern which has doubled our debt, increased our poverty, food stamps, disability, entitlements and created the smallest workforce this country has seen in many decades.
Winston Churchill once said “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”
We want our government to pass the necessary tax reform along with loophole deletions for both individuals and corporations. Bring in outside forensic accountants and lawyers of no particular party affiliation and go agency to agency and rid each one of duplicate programs, waste, fraud and abuse! Give early retirement to ALL federal employees who are near that time and DO NOT hire anyone new. Condense and close some agencies that really don’t need a staff to mimic what states already do.
Then take on Medicare, Medicaid and Social Security. We are paying dead people, giving SS to ones who don’t really qualify and over paying doctors, hospitals and individuals.
IT’S THE MONEY DUMMIES….
TAKE A LOOK AT SOME EXAMPLES BELOW:
- During Obama’s 5 fiscal years in office, Federal gov. has spent $3.7 Tril on 80 poverty and welfare programs
- The Obamas spend $100,000 each term redecorating their white houes quarters.
- President Obama spent $246,908 on a Valentine’s weekend trip
- In total, Taxpayers ponied up $1.4 bil for Obama’s family spending
- “entertainment spending” inside the white house has been estimated to have been 10 mil during 2009
- Michelle Obama spent $467,585 of American Taxpayer dollars during a 2010 vacation to Spain
- An Obama Family Ski trip at Aspen, Colorado costed Taxpayers at least $83,000
- In 2009, $252,000 was spent on flowers in and around the White House.
- In 2012, Dep. of Agriculture spent $200 Mil to fund a TV Show in India.
- The EPA spent $141,450 in 2012 to fund a Chinese study on pig feces.
- 2012, a National Science Foundation grant was used to create a $325,000 robotic squirrel
- In 2012, $520,000 was used to fix an essentially unused bridge
- IRS spent $4.1 on a “lavish conference” in 2010 for 2609 of their employees in Cali.
- 82% of mandatory programs (which include social security, medicare, and medicaid) have no budget limits
- Due to Obamacare subsidies, Entitlement spending will go from 10.3% of US GDP in 2010 to about 19% of US GDP in 2050
- 2012 Annual spending of War on Terror: $115.1 Bil. 2012 Annual Spending on Entitlements: $2.48 Tril
- 45% of American tax dollars go towards entitlement programs vs. 19% that goes towards national defense. 1% goes towards education
- Mandatory spending (which includes all entitlement programs) was 25% of fed budget in 1963. By 2023, it will be about 62%
- 62% of Federal spending goes towards entitlement programs
- 22% of fed spending is Medicare, Medicaid, and other healthcare (Without Obamacare factored in)
- 21% of fed spending is Social Security
- 19% of fed spending is welfare and other entitlements
- Younger generations (Gen Y and beyond) will have to cover $35 Trillion of “promised entitlements”
- by 2030, Taxes would have to increase by 48% to sustain entitlements
- by 2050, Taxes would have to increase by 86% to sustain entitlements
- IRS paid $13.6 Billion in bogus claims for Earned Income Tax Credit (EITC) in 2012
- IRS paid about $132.6 Billion in bogus claims over last decade
- Treasury Inspector General for tax administration has expressed concerns over waste in 2011.
- IRS remains in violation of a law that establishes annual targets for reducing payments.
- two years, according to a recent GAO audit
- Reports on Wednesday showed U.S. private-sector employers hired the fewest number of workers in six months in October, while inflation stayed under wraps last month.
- Factory output and home sales in September had already suggested the economy lost a step even before the government shut down.
- Up to 21-25% of all EITC payments in 2012 were bogus.
- The Special Inspector General overseeing the $700 billion Troubled Asset Relief Program bailout fund disclosed that the Treasury had realized a significant loss on its sale of most of its 60.8 percent stake in GM
- The taxpayers’ ownership stake in the Detroit-based automaker — swapped for more than $40 billion in loans, was initially 60.8 percent, but is now down to about 7 percent, the Treasury said
- Earlier this month, Treasury reported it sold $570.1 million in General Motors Co. stock as it looks to complete its exit from the Detroit automaker in the coming six months. The Treasury says it has recouped $36 billion of its $49.5 billion bailout in the Detroit automaker
- the Social Security Administration has made $1.3 billion in over-payments in just two years, according to a recent GAO audit
- The government funds a lot of scientific studies, but one recent one was used to help golfers realize their full potential. The National Science Foundation gave Purdue University researchers a $350,000 grant to study how golfers use their imaginations. Using 36 golfers, scientists found that players who visualize bigger holes improved their putting score on the green.
- In Dayton, Ohio, the federal government spent roughly $500,000 to keep an unused bridge, which is not even connected to a road, in tip-top shape. In fact, on one side of the bridge, a no trespassing sign hangs. The bridge has not been used since a modern one replaced it in 2003. Meanwhile, there are more than 184 “deficient bridges in Ohio and 22,000 across the country that need make overs
- Washington spends $92 billion on corporate welfare (excluding TARP) versus $71 billion on homeland security
- Examples from multiple Government Accountability Office (GAO) reports of wasteful duplication include 342 economic development programs; 130 programs serving the disabled; 130 programs serving at-risk youth; 90 early childhood development programs; 75 programs funding international education, cultural, and training exchange activities; and 72 safe water programs
- Washington will spend $2.6 million training Chinese prostitutes to drink more responsibly on the job.
- A GAO audit found that 95 Pentagon weapons systems suffered from a combined $295 billion in cost overruns
- The refusal of many federal employees to fly coach costs taxpayers $146 million annually in flight upgrades
- More than $13 billion in Iraq aid has been classified as wasted or stolen. Another $7.8 billion cannot be accounted for
- Congress recently spent $2.4 billion on 10 new jets that the Pentagon insists it does not need and will not use