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Saturday, June 24th, 2017

Indian River Florida Tea Party - Entitlement Spending

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.

Thomas Jefferson

Government Dependence Growing

 The number of Americans who pay taxes continues to shrink—and the United States is close to the point at which half of the population will not pay taxes for government benefits they receive.This trend is exposed in the 2010 Index of Dependence on Government which rose by an alarming 13.6% in 2009. The sharpest increases in dependence were in the areas of Health Care and Welfare (up 22%), Rural and Agricultural Services (up 20%) and housing (up 15%). The index has grown by almost 50% since 2001.


 It is the conjunction of these two trends—higher spending on dependence-creating programs and an ever-shrinking number of taxpayers who pay for these programs—that worries those interested in the fate of the American form of government. Americans have always expressed concern about becoming dependent on government, even while understanding that life’s challenges cause most people, at one time or another, to depend on aid from someone else. Americans’ concern stems partly from deeply held views that life’s blessings are more readily obtained by independent people and that growing dependence on government erodes the spirit of self-reliance and self-improvement. Read the report 

 

Medicaid, Medicare and Social Security

 Among the many pressing issues our nation is facing, one of the most troubling is the  economic impact of Medicare and Social Security benefits that have been promised to future retirees. These long-term unfunded o bligations dwarf spending on other expensive  government programs, including the Troubled Asset Relief Program (TARP) and the 2009 economic stimulus bill, and vastly outweigh the entire national debt. Spending chart.

 If future taxes are held at the historical average, spending on MedicareMedicaid, and Social Securitywill consume all revenues by 2052. Because entitlement spending is funded on autopilot, no revenue will be left to pay for other government spending, including constitutional functions such as defense. Spending graph

 Among the proposals at hand, one of interest is Among the proposed solutions to entitlement spending is the "Roadmap for America’s Future", a comprehensive bill that would reform entitlements. According to the non-partisan Congressional Budget Office, this bill would eliminate long-term deficits and place the budget on a sustainable course. Proposed solution chart            

Is it possible to cut $343 billion in Federal spending immediately? Here is one plan

 

Socializing Healthcare

 As debate rages over the potential repeal of Universal Health Care law are there lessons to be learned from the model used in Massachusetts? Read the article now

 

 

 

 

Education

 While quality education is a top priority to American families many are troubled by the increases in federal spending. So what does it cost to educate our children? You may be surprised. Read more here

 Have you ever wondered how public, private and market schools measure up in the areas of academics, efficiency, parental satisfaction, classroom orderliness, condition of facilities, earnings of graduates, graduation rates and the effects on measured intelligence? Cato Institute article   

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