Saturday, March 5, 2011

US Govt income vs. spending

Here is an interesting chart of the U.S. Govt revenue vs. expenditures.
Particularly interesting is the small sliver of corporate tax paid on the left.
And then look at the Social Security tax bite. 40%. The payout for Social Security on the right side is 20%.
But where do our good friends on the right side of the political spectrum look to cut the federal budget. They look at Social Security.

Here are some interesting links to read:

Corporate profits are at all time highs. In a time of the government going broke and millions out of work. If low taxes stimulate job growth, just where in the hell are the jobs?

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