The Wake Up Project

(NaturalNews) The difference between the Democrats and the Republicans is that the Democrats want to spend us into oblivion while the Republicans only want to spend us into purgatory. The idea of actually running a balanced budget has never seriously occurred to either party. Government, after all, increases its popularity by confiscating money from some people and redistributing it to other people while keeping at least half of all that money for itself. The whole fiasco became perfectly clear over the last few hours when, after days of intense haggling and late-night negotiation sessions, the Republicans and Democrats suddenly came to an agreement that would keep the government up and running for another week. And what does that agreement entail? Drop-in-the-bucket cuts of a mere $38.5 billion ( http://www.nytimes.com/2011/04/09/u ...) out of a federal budget that has now ballooned to over $6 trillion dollars for 2011 ( http://www.usgovernmentspending.com ...). The federal deficit f...

The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab. The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion. Other figures in an Associated Press analysis underscore the recession's impact: Individual income tax receipts are down 22 percent from a year ago. Corporate income taxes are down 57 percent. Social Security tax receipts could drop for only the second time since 1940, and Medicare taxes are on pace to drop for only the third time ever. The last time the government's revenues were this bleak, the year was 1932 in the midst of the Depression. "Our tax system is already inadequate to support the promises our government has made," said ...