Budget Deficits, the Bottom Line
Wednesday, January 25th, 2012Apparently when we vote every single year we do with the hope that things get better and that all our taxes are used for good and hoping that the government does a better job at managing everyone’s contribution, than we manage our finances, since they have tons of economic professionals and financial advisors.But it is all a hopeful idea and most of the countries on earth are governed by people that let government budget deficits happen. This means that revenue is less of what is actually being spent. Something like us getting a medical procedure done, that we know we cannot afford It is not an amount that simply if they fall short, they don’t spend anymore like we do, but it is taken on as debt. It can be occurred for many reasons, like the fact that the last few years unemployment has been high and social security and claims have been high.
Currently as of 2012 in this month of January the United States owes more than fifteen trillion, which if this amount was averaged out per citizen of the country, each one of us would need to pay about fifty thousand dollars. More laws need to be put in place so the money is put into the right places and waste is minimized, to ensure that this amount instead o increasing an average of four billion a year, starts going down and we can be a Nation of Trust.