A FEW SIMPLE RULES
Government finance is not hard. You just have to remember a few simple rules..
1. Governments receive all their revenue by means of tax. That is simple: if the G-men want to spend funds they must tax to get the money.
2. More spending means more taxes . Every dollar the government spends has to come from somewhere. That would be us : the Taxpayer.
3. You cannot spend more than you collect in taxes. Most governments refuse to believe this. Refusal to recognize reality leads to massive debt & large interest payments.
4. If you increase spending you must increase taxes
5. If you cut taxes you must cut spending.
6. It is impossible to spend more than you take in w/o leading to disaster. This applies to individuals as well as governments.
Why can't the folks in the capitols learn these rules ?
Politicians who say otherwise are not telling the truth. You cannot increase spending without increasing taxes.
THERE IS NO SUCH THING AS A FREE LUNCH!!!!
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