Caught Up

October 4, 2012

Everyone has been caught up

 

With the idle chatter

 

 

Each minute……

 

 

Hour…..

 

 

Day….

 

 

 

The press is shooting out more ……

 

 

 

Gotchyas……..

 

 

 

 

Do you believe what Romney said?

 

 

No, but did you hear what Obama said?

 

 

 

All this,

 

 

To what end

 

 

I still do not hear anyone

 

Addressing the real issues

 

 

 

I want to give a 20% tax cut to….

 

 

Everyone

 

 

 

More trickle down

 

It did not work

 

 

 

 

By the way we have a $16 trillion deficit

 

 

 

What are your plans to deal with that!

 

 

 

Obama want to only raise taxes

 

On those making over $250k

 

 

 

How much will that actually impact

 

 

 

Our $16 trillion deficit?

 

 

 

 

 

I saw a great presentation recently

 

 

 

The US Government collected in 2012

 

 

$2.470 trillion in revenue

 

 

 

The Government spent

 

 

 

$3.8 trillion on expenses

 

 

 

Hence the $1.3 trillion deficit for 2012

 

 

 

Here is how the Government spending is broken down

 

 

Expenses are broken into 3 categories:

 

 

  • Interest -$225 billion

 

  • Mandatory programs / Entitlements – $2.250 trillion

 

    •  Social Security, Medicare, Medicaid

 

  • Appropriated Discretionary Spending – Federal Government Expenses –     

$1.3 trillion

    • Security – which include       military etc. – $868 billion
    • Non Security – which       includes education, energy etc. – $450 billion

 

 

 

 

Cross out the Discretionary spending of $1.3 Trillion

 

 

And you have $2.5 trillion in expenses between

 

Interest

 

And

 

Mandatory programs

 

 

 

 

The Government did not even collect

 

$2.5 trillion dollars in revenue

 

In 2012

 

 

 

 

That means they did not have

 

$1 available to run the government

 

 

 

 

Remember the discretionary spending?

 

 

We had to borrow that

 

 

 

 

 

My math mind starts saying

 

 

 

 

Let’s try a 5% cut across the board

 

 

 

On all expenses

 

 

 

5% of $3.8 trillion is $190 billion

 

 

 

That is not gonna do much

 

 

 

10%

 

 

Although better

 

 

 

Is only $380 billion

 

 

 

 

We want to cut taxes

 

 

 

 

We want to cut expenses

 

 

 

I have not heard any clear cut answers

 

 

 

What expenses are going to be cut?

 

 

 

 

 

We will have an open discussion about that

 

 

 

Once we get elected…..

 

 

 

 

Or

 

 

 

Once I get re-elected

 

 

 

Take your pick

 

 

 

 

What is being done to

 

 

Correct this issue

 

 

 

 

Do you remember playing

 

 

Kick the can…..

 

 

 

 

When you were growing up

 

 

 

 

That is what is being done in Washington

 

 

 

 

 

 

 

 

The Presidential debates start next week

 

 

 

Be sure to listen

 

 

 

 

This election offers 2 distinct choices

 

 

 

On our future

 

 

 

But……

 

 

 

So far

 

 

 

No one is offering any

 

 

 

Real answers

 

 

 

 

The wait and see

 

 

 

And trust me

 

 

Have brought us to where

 

 

We currently are

 

 

 

For more insight contact george@hbsadvantage.com

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