Federal election 2012 in America: both political parties are incompetent to solve the financial problems of the U.S.
A YouTube presentation shows that all the taxes the U.S. federal state will collect in the year 2012 are used up by mandatory entitlement programs (Medicare, Social Security, etc.) and interest on the national debt. So Congress has no recourse but running a $1.3 trillion deficit to pay for everything else the federal state does. Both major political parties are responsible for laws and policies put in place since the end of the 19th century that have caused the financial predicament of the U.S. federal state, and similar but lesser predicaments at the level of the fifty states, and of counties and cities. Comedian Jackie Mason once said of President Ronald Reagan: "People criticize President Reagan for the budget deficits. That's not fair. It's not his field." The same could be said of every President of the U.S. since the 1920s. Neither party is really interested in solving the financial problems of the state. That is not their business. Their business is to get elected and re
Post to Tumblr