Tuesday, October 5, 2010

federal budget blog issue 2


Basicaly the US spends more money than than it takes in each year. This is called a deficit. This is a mojor problem becuase the US has had a deficit for the past 40years. That leads to a huge national debt, the sum collection of all the deficits.

Thats means to stop adding money to the debt we need to pay as we go. Only spend what we take in. If nothing else we may need to add more ear marks taxs, like road tax, etc. We also may need to change our social security plan to indivisual plans. so we dont give money to those illagal imigrants that never paid a peney to the US goverment.

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