From TheDailySignal.com, by Romina Boccia, 03/17/15-
Tax dollars paid for about 85 cents of every dollar spent in 2014—the rest was borrowed. Where did all that money go?
Your 2014 tax dollars—which are due next month—went primarily to pay for government benefits.
Major entitlements (Medicare, Medicaid, Obamacare and Social Security) devoured more than half of the 2014 budget at 51 percent of spending. Other federal benefits took another 19 percent, meaning that 70 percent of government spending went to pay some sort of benefit to someone.
This short, entertaining video demonstrates the need to do more than merely “cut” federal spending. There must be true structural reform. The same is true for our state budget. Although Texas hasn’t amassed unmanageable debt, mere cuts alone will not protect us from tax increases and rapid government growth. Medicaid (not Medicare) spending alone will soon exceed public education spending in Texas!
Click here to view the video. It is a pleasure to serve you in the Texas Legislature.
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