The US Budget Explained in Simple English

Editor's Note:  Keep in mind that the call to "balance the budget" is about implementing budget cuts that usually have the greatest impact on the most vulnerable in our Society.  Remember when Bill Clinton "balanced the budget"...it was done on the backs of the poor.  I suggest that we balance the budget on the backs of the international banking elites before we get rid of the the social safety net.  Abolish the "income tax" which was never ratified by Congress, thus illegal, and instituted to fund the criminal activities of the Federal Reserve Private Banking Institution.

Slightly outdated numbers which have only gotten worse, but still relevant.

Fox Business

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A Militarized Economy Cannot Balance the Budget

We can’t afford our bloated military budget and still have democracy.

John Perkins
CSR Wire

“Disarmament, with mutual honor and confidence, is a continuing imperative. Together we must learn how to compose differences, not with arms, but with intellect and decent purpose.” -Eisenhower, 1961 Military Industrial Speech

While we send our love and support to those so horribly impacted by the earthquake and tsunami, we must not allow this shock to divert us from the tsunami headed our way. Our business and political leaders will try to use this terrible catastrophe as a diversion to hoodwink us into budgetary reductions that will fatten their wallets and leave us and our children devastated.

It does not matter on what side of the political fence you sit during the current budget debates. The fact is if our leaders are not willing to take into account our over-dependence on a militarized economy and change it, we will never balance the budget. Our progeny will face an endless struggle to clean up the debris.

Despite deal, US budget woes far from over

The next fiscal showdown is likely to be
over the US's debt ceiling
© AFP/File image Shawn Thew

AFP

WASHINGTON (AFP) - The last-minute budget agreement that Republicans and Democrats reached may have averted a Saturday US government shutdown, but it's a mere skirmish in a looming war over the debt ceiling and the 2012 federal budget.

The agreement, reached after weeks of hard bargaining just before midnight Friday, funds the government for the rest of the fiscal year ending September 30, while making what President Barack Obama described as the deepest annual spending cuts in US history.

"This is not basically the last fight here," Republican Representative Adam Kinzinger told Fox News, some 12 hours after the 11th-hour vote. "This is the first opening salvo in a real attempt to bring back the size of government and start living within our means."