patrick.net

Patrick says

Only $244 billion deficit? I call bullshit.

DemocratsAreTotallyFucked says

Patrick says

Only $244 billion deficit? I call bullshit.

Oh. That is just for July.

BREAKING: The US government deficit hit a massive $1.5 trillion in the first 10 months FY 2024, according to the Treasury Department.

In July alone, the US deficit spending reached a whopping $244 billion.

Total outlays came in at $5.6 trillion and total receipts were $5.6 trillion over the last 10 months.

Social Security was the largest expenditure amounting to $1.2 trillion.

Net interest was the second largest cost, exceeding health, Medicare, and national defense expenses.

Patrick says

How is Social Insurance and Retirement a source?

HeadSet says

How is Social Insurance and Retirement a source?

FICA taxes that go into paying for them.

........

Look at Medicaid which is more than "National Defense"

https://www.statista.com/statistics/245348/total-medicaid-expenditure-since-1966/

It was $887 billion in 2023.

Medicaid has increased by about 6.25% annually since 2000. Explains in part why USA Today reported the one job growth engine is healthcare while the economy cools.

......................

DemocratsAreTotallyFucked says

BREAKING: The US government deficit hit a massive $1.5 trillion in the first 10 months FY 2024, according to the Treasury Department.

Monitor debt to GDP ratio: https://fred.stlouisfed.org/series/GFDEGDQ188S

Also monitor deficit as a percentage of income/wage tax receipts and total tax receipts, as well as debt service as a percentage of total federal budget

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https://forum.policiesforpeople.com/t/call-a-convention-of-the-states-to-limit-the-scope-power-and-jurisdiction-of-the-federal-government/1818

Call a Convention of the States to Limit the Scope, Power and Jurisdiction of the Federal Government

We all know the Federal government has grown far outside of the bounds of the “enumerated powers” in the U.S. Constitution. We also know that the Federal government will NEVER restrain itself. There are three primary areas to address:

I. Term Limits for Elected officials and other federal government officials and employees (this would include staffers and bureaucrats.

II. Imposition of fiscal restraints on the federal government such as a balanced budget, requirement for the government to use generally accepted accounting principles, tax and spending caps, etc.

III. Imposition of Scope, Power and Jurisdiction Restraints on the Federal Government - For example setting limits which prevent the federal government from involving itself in education, health care, agriculture or the environment within individual states, each of whom was intended to have sovereignty over these areas.

Many other government limiting amendments would fit within such a convention. This is not a pipe dream 19 of the necessary 34 states have already called for such a convention. 15 more to go. Both Kansas and North Carolina are currently close to joining. We can make this a reality. Please send the link to vote on this to everyone you know. And if you want to know more, you can go to https://www.conventionofstates.com/ Feel free to add ideas for amendments below, and I’ll take the ones that fit within this application and try to list some of them above.

Some have asked for the location where you can find the actual text of the resolutions being passed in the states. https://conventionofstates.com/files/model-convention-of-states-application/download

Patrick says

I actually don't mind this. Is there waste, 100%. I'd rather have eyes and ears on the ground as much as we can. I don't even trust all allies we have bases in. Besides overseas maybe 1-2% of people ever have witnessed war personally. I don't want it here. You don't want to witness it either.

I have no problem with defense spending. While we import more than we export to an extent, we need a powerful military for shipping lanes. It also creates trustworthy allies short term that can sell goods in a shitty area. We also don't have to answer to anyone. Leverage.

What I don't like is Laquanda going full auto on pumping babies out and I have to pay to feed her and the kids, while dad is in jail getting fed daily and the government pays his child support. This is what's happening and I live it. I just don't get the benefits outside of a kid that is my own at this point, in my mind, even though I don't get the benefits and his mom does.