When I hear politicians talking about DEFICIT SPENDING, or BUDGET DEFICIT I go crazy!
I often hear the democrats accusing the republicans of causing a BUDGET DEFICIT. And demanding that things like the bush tax cuts, are causing a BUDGET DEFICIT.
Lets look at what the world DEFICIT means.
def·i·cit
[def-uh-sit; Brit. also dih-fis-it]
Show IPA noun
1.
2.
the amount by which expenditures or liabilities exceed income or assets.
3.
a lack or shortage; deficiency.
4.
a disadvantage, impairment, or handicap: The team's major deficit is its poor pitching.
5.
a loss, as in the operation of a business.
Have you ever heard this term.... DEFICIT SPENDING?
What these terms refer to is... SPENDING MONEY YOU DONT HAVE. Spending money you expected to get, but did not receive.
And example in your life, is to go out and spend $1000.00 this month on bills.
When pay day came, you only got paid $700.00! Whoa!
You spent $300.00 more than you had!
You just experienced DEFICIT SPENDING!
YOU JUST HAD A BUDGET SHORTFALL!
You budgeted for $1000.00 in bills, but only got home with $700.00....
so what do you do? Borrow $300 bucks!
Next month, you have a few choices....
1. spend more than you have again
2. make more money
3. spend less money
Now in government terms...
1. Run a BUDGET DEFICIT again, and increase your DEBT
2. Tax people more
3. make BUDGET CUTS.
George Bush gave people for example, a TAX CUT... took less of THEIR money.
The Democrats, instead of making BUDGET CUTS
to compensate for the BUDGET SHORTFALL
Said those TAX CUTS were creating a BUDGET DEFICIT and demonized
something that normally would be a good thing...
LETTING PEOPLE KEEP THEIR MONEY
Instead of cutting the budget, and spending less
they just continued to spend the same amount the ALWAYS PLANNED TO.
Were not cutting any programs. Were still going to spend the money.
EVEN THOUGH WE DONT HAVE THE MONEY.
Its YOUR fault, that you didn't send in enough TAXES that we are experiencing this
BUDGET DEFICIT
And because of you GREEDY PEOPLE KEEPING YOUR MONEY
We have to RAISE OUR DEBT LIMIT and BORROW the money we require to
meet the demands of the budget WE DONT HAVE THE MONEY TO PAY FOR!!!
TAX CUTS are not bad things.
TAX CUTS do not cause BUDGET DEFICITS.
OUT OF CONTROL SPENDING CAUSES BUDGET DEFICITS!
When you have a BUDGET SHORTFALL
YOU CUT SPENDING.
You DO NOT continue to use the planned budget and BORROW MONEY to
compensate for your BUDGET DEFICIT.
And our congress has now been operating
FOR 3 YEARS WITHOUT A BUDGET!!!!!
RAISING THE DEBT LIMIT OVER AND OVER
SPENDING MONEY THEY DONT HAVE
OPERATING IN A BUDGET DEFICIT
And blaming YOU for causing it.
Have you ever heard this term.... DEFICIT SPENDING?
What these terms refer to is... SPENDING MONEY YOU DONT HAVE. Spending money you expected to get, but did not receive.
And example in your life, is to go out and spend $1000.00 this month on bills.
When pay day came, you only got paid $700.00! Whoa!
You spent $300.00 more than you had!
You just experienced DEFICIT SPENDING!
YOU JUST HAD A BUDGET SHORTFALL!
You budgeted for $1000.00 in bills, but only got home with $700.00....
so what do you do? Borrow $300 bucks!
Next month, you have a few choices....
1. spend more than you have again
2. make more money
3. spend less money
Now in government terms...
1. Run a BUDGET DEFICIT again, and increase your DEBT
2. Tax people more
3. make BUDGET CUTS.
George Bush gave people for example, a TAX CUT... took less of THEIR money.
The Democrats, instead of making BUDGET CUTS
to compensate for the BUDGET SHORTFALL
Said those TAX CUTS were creating a BUDGET DEFICIT and demonized
something that normally would be a good thing...
LETTING PEOPLE KEEP THEIR MONEY
Instead of cutting the budget, and spending less
they just continued to spend the same amount the ALWAYS PLANNED TO.
Were not cutting any programs. Were still going to spend the money.
EVEN THOUGH WE DONT HAVE THE MONEY.
Its YOUR fault, that you didn't send in enough TAXES that we are experiencing this
BUDGET DEFICIT
And because of you GREEDY PEOPLE KEEPING YOUR MONEY
We have to RAISE OUR DEBT LIMIT and BORROW the money we require to
meet the demands of the budget WE DONT HAVE THE MONEY TO PAY FOR!!!
TAX CUTS are not bad things.
TAX CUTS do not cause BUDGET DEFICITS.
OUT OF CONTROL SPENDING CAUSES BUDGET DEFICITS!
When you have a BUDGET SHORTFALL
YOU CUT SPENDING.
You DO NOT continue to use the planned budget and BORROW MONEY to
compensate for your BUDGET DEFICIT.
And our congress has now been operating
FOR 3 YEARS WITHOUT A BUDGET!!!!!
RAISING THE DEBT LIMIT OVER AND OVER
SPENDING MONEY THEY DONT HAVE
OPERATING IN A BUDGET DEFICIT
And blaming YOU for causing it.
