"dadiOH" wrote:

The new fed budget is 3.8 trillon

The fed budget 60 years ago - 1950 - was a bit less than 45 billion.
Adjust that for government caused inflation and it would be about
360 billion.

That means the feds are now costing us 10+ times what they used to.
I don't think we are getting our money's worth.

Where does the cost of gov't services for the more than 50 million
population increase from 1950 to today factor into the above?

BTW, there was a budget surplus when Bush came into office.

Lew

Lew Hodgett wrote:
"dadiOH" wrote:

The new fed budget is 3.8 trillon

The fed budget 60 years ago - 1950 - was a bit less than 45 billion.
Adjust that for government caused inflation and it would be about
360 billion.

That means the feds are now costing us 10+ times what they used to.
I don't think we are getting our money's worth.

Where does the cost of gov't services for the more than 50 million
population increase from 1950 to today factor into the above?

Good point. I meant to factor it in and forgot to do so. Actually, it is
about 150 million increase...about double. Which means the feds are doing
*much* better than I originally stated...they are only spending 5 times as
much, not 10.

Add in local and state increases and I bet it is back up to 10X overall.
Probably more.

--

dadiOH
____________________________

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This reminds me of the old parable that bears repeating (maybe sending
it to Washington??)

Your Taxes Explained!


Suppose that every day, ten men go out for beer and the bill for all
ten comes to $100. If they paid their bill the way we pay our taxes,
it would go something like this:

- The first four men (the poorest) would pay nothing.

- The fifth would pay $1.

- The sixth would pay $3.

- The seventh would pay $7.

- The eighth would pay $12.

- The ninth would pay $18.

- The tenth man (the richest) would pay $59.


So, that's what they decided to do.


The ten men drank in the bar every day and seemed quite happy with the
arrangement, until on day, the owner threw them a curve. "Since you
are all such good customers," he said, "I'm going to reduce the cost
of your daily beer by $20."Drinks for the ten now cost just $80.


The group still wanted to pay their bill the way we pay our taxes so
the first four men were unaffected. They would still drink for free.
But what about the other six men --- the paying customers? How could
they divide the $20 windfall so that everyone would get his 'fair
share?' They realized that $20 divided by six is $3.33. But if they
subtracted that from everybody's share, then the fifth man and the
sixth man would each end up being paid to drink his beer.So, the bar
owner suggested that it would be fair to reduce each man's bill by
roughly the same amount, and he proceeded to work out the amounts each
should pay. And so:

- The fifth man, like the first four, now paid nothing (100%
savings).

- The sixth now paid $2 instead of $3 (33%savings).

- The seventh now pay $5 instead of $7 (28%savings).

- The eighth now paid $9 instead of $12 (25% savings).

- The ninth now paid $14 instead of $18 (22% savings).

- The tenth now paid $49 instead of $59 (16% savings).


Each of the six was better off than before. And the first four
continued to drink for free. But once outside the restaurant, the men
began to compare their savings. "I only got a dollar out of the
$20,"declared the sixth man. He pointed to the tenth man," but he got
$10!"

"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar,
too. It's unfair that he got ten times more than I!"

"That's true!!" shouted the seventh man. "Why should he get $10 back
when I got only two? The wealthy get all the breaks!"

"Wait a minute," yelled the first four men in unison. "We didn't get
anything at all. The system exploits the poor!"

The nine men surrounded the tenth and beat him up. The next night the
tenth man didn't show up for drinks, so the nine sat down and had
beers without him. But when it came time to pay the bill, they
discovered something important. They didn't have enough money between
all of them for even half of the bill!


And that, boys and girls, journalists and college professors, is how
our tax system works. The people who pay the highest taxes get the
most benefit from a tax reduction. Tax them too much, attack them for
being wealthy, and they just may not show up anymore. In fact, they
might start drinking overseas where the atmosphere is somewhat
friendlier.


For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.