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The More Federal Government Takes In, the Deeper It Goes Into Debt

Monday, October 17, 2016 9:22
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The liberal solution to debt and deficits is to raise taxes. This is the equivalent of fighting fire with gasoline.

The more fuel fire consumes, the hotter burns. By the same principle, every penny Big Government appropriates is spent making government bigger and its appetite for money more voracious — as this makes clear:

The federal government collected $3.27 trillion in taxes in fiscal year 2016, according to the latest monthly Treasury Department statement. The federal government ran a deficit of $587 billion despite the record revenue.

Neither presidential candidate has shown any serious interest in addressing the spending situation. On the contrary, Trump recently proposed a new entitlement, and promises to double the amount Shrillary would spend for the sake of spending on infrastructure.

Meanwhile, the national debt is closing in on $20 trillion. The more money the government takes, the higher it will climb, until they finally run out of our money and the whole monstrous edifice collapses.

The fire is government. The gasoline is taxes.

On tips from Bodhisattva.


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