Mandatory Gov. Spending Exceeds All Gov. Receipts for 2011

[pspr]

This isn't ALL Obama's fault but he is doing zilch to get us out of this mess and instead is making it worse.

Mandatory (entitlement) spending as a percentage of total federal receipts, by year, according to published White House figures:

1970: roughly 33 percent
2000: 47 percent
2005: 61 percent
2010: 90 percent
2011: 101 percent

http://www.weeklystandard.com/blogs...federal-revenues-fiscal-year-2011_554659.html

 

[omegapoint]

I've read that Oprah has all the money. We have to tax her.

 

[nutmeg]

Quote from pspr:

This isn't ALL Obama's fault but he is doing zilch to get us out of this mess and instead is making it worse.

Mandatory (entitlement) spending as a percentage of total federal receipts, by year, according to published White House figures:

1970: roughly 33 percent
2000: 47 percent
2005: 61 percent
2010: 90 percent
2011: 101 percent

http://www.weeklystandard.com/blogs...federal-revenues-fiscal-year-2011_554659.html

There is a simple solution- increase the length of the "year".

Also on a simpler scale.

These %'s could represent the cost of goods/mandated expenses to produce a "widget". A company can remain in business by taking out a loan to continue doing business losing 1% on every transaction till that company runs out of credit.

 

[pspr]

Quote from nutmeg:

There is a simple solution- increase the length of the "year".

Also on a simpler scale.

These %'s could represent the cost of goods/mandated expenses to produce a "widget". A company can remain in business by taking out a loan to continue doing business losing 1% on every transaction till that company runs out of credit.

Say What?

I do agree with your choice of salutations though, Meg.