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| The Budget Deficit - Putting our money where our mouths are. |
ETWolverine |
11/24/04 |
Hello all,
During the electioon, we heard a lot of talk about balancing the budget, and how quickly it should be done. I heard quite a few members of this board sound off about how terrible it is that Bush hasn't managed to balance the budget.
Well, here's your chance to help.
According to government sources (the White House, the Budget Office, etc.) the budget shortfall for 2005 is slated to be approximately 363.6 billion dollars.
For 2003, there were 131 million personal tax returns filed, almost 6 million corporate tax returns filed, 2.2 million partnership tax returns filed and 296 thousand non-for-profit returns filed (form 990's). That is a total of 139,158,247 returns of all types filed in 2003.
If we divide the budget deficit by the number of tax returns filed, the budget deficit is $2,612.85 per tax return.
Who here volunteers to donate $2,612.85 of their hard earned money to the high-priority cause of balancing the budget?
Or if you would prefer, we can look at it from a population standpoint.
The current US population is 294,829,528 (as of 12:01 pm EST today). If we substitute that number for the number of individual tax returns filed, the number of entities in the USA (individuals, corporations, partnerships and not-for-profit organizations) is 303,259,415. Dividing the budget deficit by this number gives you a deficit of $1,198.97 per entity. that is certainly a better number to live with than the $2,612.85 that I got up above.
So... who's willing to donate $1,198.97 for each member of their family to balance the budget?
Don't all raise your hands too quickly now... you might strain your arms.
The point that I'm making is that people talk about the budget problems, but there are VERY FEW who are either willing or able to do anything about it.
Bush is doing what he can to balance the budget. He has made a promise to halve the gap within either 4 or 5 years (I don't remember which). So far, he has kept his promisses for the most part. I say that we should give him a chance to keep this promiss too. He might fail, but the one thing we know about Bush is that he ALWAYS tries. You might not like his decisions or the promisses he makes, but you have to give him credit for plugging away and at least attempting to keep those promises.
Just thought I would share that.
Elliot |
Clarification/Follow-up by Yiddishkeit on 11/24/04 2:10 pm:
Elliot-
[concerning your coments]
I know your not saying that I would get anything in return...that's why I'm not he President. I have my own job unless GW wants to give up his salary...thanks.
Bobby
Clarification/Follow-up by Choux on 11/24/04 3:18 pm:
*Wild spending* requires *raising taxes*. You dudes think there is no price to pay for all this????? Get real for once. :):):)
Clarification/Follow-up by Yiddishkeit on 11/24/04 9:21 pm:
Choux you know it!
I came across this interesting website that outlines Congress spending...
www.federalbudget.com
Also there is additional info found there by clicking on the link that reads, "What about 'Corporate Welfare?' Are corporations paying their 'fair share' or are they just collecting our money?"...which I happen to agree with.
Bobby
Clarification/Follow-up by Choux on 11/24/04 10:33 pm:
Thanks, Bobby, talk about being on the road to ruin.
Choux
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