A May 2013 Congressional Budget Office study projects that the federal government's income will be $2,813 trillion this year, fiscal 2013. That will be the most money the feds have ever bled from U.S. citizens. The previous highest amount was $2,568 trillion in 2007.
In 2007 we had a $248 billion dollar deficit, in 2013, even with an additional $245 billion in income, the CBO is projecting a deficit of $642 billion. This is after the sequestration cuts. The problem is not that taxes are too low, the problem is that the federal government if far to large, and intrusive.Â
In 2013 the federal government's income will equal 17.5 percent of our Gross Domestic Product. In only two of the past 10 years has it sucked up a larger percentage. It will spend an amount equal to 21.5 percent of GDP. Other than during the Obama presidency the last time federal government spending exceeded 21.5 percent of GDP was in 1992.Â
If the failure to get answers on Benghazi (answers about who ordered, and why, our military forces to stand down, rather than help those under attack), answers about who is responsible for the IRS illegally trying to keep tax-exempt conservative groups from forming, and answers about the Justice Department's illegal search of the Associated Press phone records; don't scare you then you are not paying attention.
The most stunning revelation, based on all the current scandals, is that a recent poll indicates that the scandals have had virtually no impact on Obama's popularity. Could this be proof that Mitt Romney's 47 percent comment was accurate?
"A democracy cannot exist as a permanent form of government. It can only exist until a majority of voters discover that they can vote themselves largess out of the public treasury." - Alexander Tytler, a Scottish historian who said this about the time the 13 colonies formed the United States.
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." - Thomas Jefferson.