We don’t hear many (any?) people complain that our country is taxing our people too little. But we are spending $3.55 trillion in the 2010 budget — and expect $1.55 trillion in red ink, at least.
Are we spending too much?
The Constitution of the United States outlines the limited, specific powers of the federal government. But we spend unconstitutionally for many other things. That’s part of the problem. The other part is just fiscal irresponsibility.
In the current budget, $2.184 trillion is listed as “mandatory” spending — meaning not optional.
* $695 billion of it is for Social Security promises.