E-Newsletter No. 100                April 2022          

This month, the Biden administration released its 2023 budget.  The following set of numbers (in billions) gives you a sense of what the federal government is doing with our tax dollars (and to our country).  Simply put, the government continues to spend money that it doesn’t have, and it has no intention of fixing the problem. 

                           2021             2022                2023                   2032

                         Actual     Curr Yr Est       Budget            Projection

Revenues       $ 4,047          $ 4,437            $ 4,638             $ 7,083

Spending          6,822             5,852               5,792                8,867

Deficit              (2,775)          (1,415)             (1,154)            (1,784)

Keep in mind that the spending in 2021 and 2022 includes massive amounts of pandemic spending.  The debate continues regarding the efficacy of that spending.  Unfortunately, the Democrat party continues to ask for more pandemic spending.

The other interesting piece of data relates to spending on the Socialist programs referred to as Social Security, Medicare and Medicaid.

                             2021              2022                  2023                2032

Spending         $ 2,339          $ 2,529              $ 2,695            $ 4,675

% of Total

    Spending        n.m.              43.2%               46.5%                52.7%

This is not an encouraging outlook for our children and grandchildren.  Margaret Thatcher once observed that “The problem with Socialism is that you eventually run out of other people’s money.”  The federal government ran out of money a long time ago and continues to reach into the kids’ piggy banks.

In our May 2021 newsletter, we included a link to a conversation piece entitled

“How do you create a Socialist country?  (But why would you ever want to?)”

How-to-create-a-socialist-country.pdf (f2ppr.org)

One of the key steps is Number 5 – Debt – Increase the debt to an unsustainable level.  The government will be able to increase taxes, which will produce more poverty.

Our Editorial Board believes that there are two goals of the Socialists.  One is to increase the level of dependency on the federal government.  The other is to increase the level of inflation, which has a disproportionate effect on people of lesser means (who are having a harder time filling up their gas tank and buying groceries).

US Debt Clock – – March 1^st – $91,050 per citizen / April 1st – $91,225