A satirical short film taking a look at the national debt and how it applies to just one family.
The folks who are getting Free Stuff,
Don’t like the folks who are paying for the Free Stuff,
Because the folks who are paying for the Free Stuff,
Can no longer afford to pay for both the Free Stuff and their own Stuff.
The folks who are paying for the Free Stuff,
Want the Free Stuff to stop.
And the folks who are getting the Free Stuff,
Want even MORE Free Stuff on top of the Free Stuff they’re getting already!
Now….. The people who are forcing people to PAY for the Free Stuff,
Have told the people who are RECEIVING the Free Stuff,
That the people who are PAYING for the Free Stuff,
Are being mean, prejudiced and racist.
So …. the people who are GETTING the Free Stuff,
Have been convinced they need to HATE the people who are PAYING for the
Free Stuff because they are selfish. And they are promised more Free Stuff if they will vote for
the people who force the people who pay for the Free Stuff to give them even more Free Stuff.
And – – – – – that’s the Stuff!
Slightly edited to change a certain word to Stuff
The Trust Fund Myth
People tend to think of their Social Security benefits as an actual account, in their name, which contains cash or investments. In reality, the Social Security trust fund contains nothing more than IOUs that have no value beyond a promise to impose higher taxes on future workers. The annual surpluses that many thought were being used to build up a reserve for Baby Boomers have been spent on other government programs or to reduce government debt.
Social Security is not like a savings account in which payroll taxes are saved for retirement. Social Security is a pay-as-you-go system, meaning that the taxes paid by today’s workers are immediately sent out to pay the benefits of today’s retirees.
The problem with this system is that it only functions when there are a lot of workers paying payroll taxes and just a few retired people getting benefits. This is no longer the case. Our senior population is growing much faster than our working population and this means there are fewer and fewer workers supporting more and more retirees.
No Cash Is Being Saved . . .
Read more from the US Chamber of Commerce
How to cut government spending where bureaucrats will WANT to cut!
It is a well known and quite understandable reaction of any bureau to make sure that the current year’s budget has been spent by the end of the fiscal year, even on unnecessary projects, else they lose it. Personal interest should have every employee watching for any possible waste of the taxpayer’s dollars.
A new budgeting policy for each bureau should be established, where any unspent budgeted funds at the end of the fiscal year shall be equally divided up and paid out to all of the employees in that bureau, and, then the lower budget figure, pre-disbursement, would be used for the next fiscal year, with, again, any unspent surplus being distributed to the employees who made the surplus possible.
No money would be saved the first year, but from then on every department would have continuously lowering budgets. Could the cost of running the state be cut in half in three years? I think so. The bottom line would be far more efficient and less costly state services.
(Idea from Wayne Green)