If there was ever a reason to dramatically reduce the size of the federal government and expel any politician who argues otherwise, this Government Accountability Office report should put an end to any debate.
The USA Today reported: "Government Accountability Office audit has found that a government website intended to make federal spending more transparent was missing at least $619 billion from 302 federal programs. And according to the report the data that does exist is wildly inaccurate. The GAO literally doesn't know where the money went."
Let us put that in perspective. It takes approximately 300,000 dollar bills to cover a football field. If you were to divide the $619 billion that was lost by the federal government in 2012 by the 300,000 you would have the football field covered with over two million layers of dollar bills. A dollar bill is .0043 inches thick. That equates to a stack of dollar bills covering a football field just shy of 750 feet tall. That pile would be taller that the Terminal Tower in Cleveland.
Another way to look at this, there are 60 seconds in a minute. Sixty minutes in an hour. Six-hundred-nineteen seconds is 19,628 years. Nineteen thousand years ago Salem would have been under a mile thick sheet of ice. The wooly mammoth was still wandering the earth.
$619 billion is an enormous amount of anything. That isn't $619 billion of government money. That is $619 billion of our money. And that is just the money they cannot account for. The federal government actually spends $3.33 trillion per year, five times the amount it lost.
The federal government is squandering $4,721 for every taxpayer who filed a return. How can that be you ask - that is more than the majority of people pay in taxes? Good point! This story exemplifies just how heavily our tax system taxes the rich. The top 10 percent of wage earners pay 70 percent of the taxes. The bottom 50 percent only pay 2 percent. So the next time you hear a politician say the rich aren't paying their fair share, you now know it is a pile of bull manure.
Now back to our out of control government. The Founders were very smart guys. They knew the further removed government was from the people, the less accountability there would be. That is why they designed a limited federal government with enumerated powers to restrict the size government could grow. Well, we the people have allowed the government to jump the guardrails set by the Constitution.
For the past 100 years the federal government has assumed unconstitutional powers and stolen our hard earned money to pay for this growth. Now it is so big it can no longer account for the trillions of dollars it spends each year. This should be a wakeup call to every citizen that it is time to force the government back within its Constitutional boundaries. To demand that it accounts for every dime of our money taken from us and spent. To expel from Washington any politician who doesn't work diligently to shrink the size of government. And any citizen who doesn't find this waste and spending egregious should be labeled what they truly are. Socialists.
Milton Friedman, a Nobel Prize-winning economist, once said, "Nobody spends somebody else's money as carefully as he spends his own." Our government doesn't its own own money. It spends ours instead and it certainly doesn't spend our money carefully. At what point are we going to say enough is enough! Perhaps when the country is bankrupt? No, that won't even tear us away from reality TV to care about the future. How can I be so sure? Because we are $17 trillion dollars in debt or $57,000 for every man, woman, and child in America. We are already bankrupt and nobody seems to care.
Visit Jack Loesch's web site:?www.TorchNFork.info.
He may be reached at: TorchNFork@frontier.com