If the budget President Barack Obama submitted early this year was intended to keep us from going over the fiscal cliff, it missed by well over a trillion dollars for the fourth year in a row. In 2012, Washington will spend $3.8 trillion.
Here's the breakdown: Government spending for our two discretionary programs -- security programs (including the military, FBI and CIA) and nonsecurity programs (including education and energy) -- amount to $1.3 trillion. Mandatory programs, including Social Security, Medicare and Medicaid and TARP, amount to $2.2 trillion. Interest amounts to $225 billion, bringing the cost of government spending in 2012 to $3.8 trillion.
But the government will only collect $2.5 trillion, leaving a 2012 deficit of $1.3 trillion. So what has Obama been doing since submitting his budget? He gets up every morning, primps and hops on the company plane and flies off to greet adoring members of the 47 percent who don't pay federal income taxes. And the national debt continues to mount.
Since Obama's doing nothing about the debt, why should anyone vote for him? I have three suggestions: Don't vote for Obama; vote for Romney; and next year, if you don't have a job, get one.
Sign Up and Save
Get six months of free digital access to The Island Packet