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“These pie charts show the relative sizes of the major categories of federal income and outlays for fiscal year 2019.” That’s from page 110 of the IRS instructions for your 2020 taxes. Here are the charts:
If the IRS had a nickel for every liberal who thinks military spending is the reason we have a debt problem, maybe we could use them to do something about the debt. But it turns out badly managed federal welfare programs are actually more than double military spending.
Interest on the debt is already over a third the size of military spending.
A full 22% of the federal so-called “income” came from borrowing!
It’s bad. It’s very bad. Until the welfare programs are reformed, it’s going to remain very, very bad. I wish we could bring Paul Ryan out of retirement for this one last job.Published in