After looking at the books, do you still think democracy in Iraq and Afghanistan is a priority?
50% of the federal budget right now goes to entitlements.
This last month we posted a record $220.9 billion budget deficit. We took in $107 billion but spent $328 billion.
Isn’t that special. We only funded 32% of expenditures?
Remember – entitlements were half of that $328 billion.
So let’s see if we can do the math here.
Entitlements were about $164 billion last month in spending. The rest was, of course, the rest.
But we only took in $107 billion.
So even if we eliminated all entitlement spending we still did not have enough money to cover the rest.
The insane thing is that the only pressure from the American people to date is to fight entitlement reduction even though eliminating all entitlements isn’t enough to stem the financial bleeding. One certainly can’t say they aren’t going to get what they deserve. Correct me if I’m wrong, but my impression is that even the Tea Partiers don’t want to cut back on military spending.