cuts, that s all. and 453 billion in increased revenue. most generated by higher taxes on stuff. republicans say, of course, the cuts are far too small and talking points agrees. here is how the enormous spending effects you. in order to pay off the interest on the 14 trillion-dollar debt, money that could be used to defend america to educate its children, to build highways and other infrastructure is, instead, that money is instead sent to people who have lent us the money. people in china and in the arab states, for example. so the feds are basically taking money away from we the people, a form of taxation and using it to satisfy debt payments. it s a vicious cycle. the democrats demand more money for education and entitlements and other projects. we have to borrow that to support those entitlements because we are sending the money we do have to people who have financed our debt. so they think that s bigger and bigger and bigger. that s crazy. if the u.s. government were a business,
just 90 billion in spending cuts, that s all. and 453 billion in increased revenue. most generated by higher taxes on stuff. republicans say, of course, the cuts are far too small and talking points agrees. here is how the enormous spending effects you. in order to pay off the interest on the 14 trillion-dollar debt, money that could be used to defend america to educate its children, to build highways and other infrastructure is, instead, that money is instead sent to people who have lent us the money. people in china and in the arab states, for example. so the feds are basically taking money away from we the people, a form of taxation and using it to satisfy debt payments. it s a vicious cycle. the democrats demand more money for education and entitlements and other projects. we have to borrow that to support those entitlements because we are sending the money we do have to people who have financed our debt. so they think that s bigger and bigger and bigger.
task. how are we going to raise 453 billion. that s got to be by taxes. you raise revenues. doesn t mean you raise the tax rates. gusher of revenue out of a growing economy. that often happens. bill: still, the gurebler is in the form of the government taking money away in capital gains taxes. increased salaries. the government has no other way to raise revenue other than to tax. it s not like the government is running a business, that the business is going to get better. they have to get it through that. well, it is like a business or like a family to the extent that as the whole enterprise grows in this case it s the economy it can support more debt and more spending. the problem we are facing now is that the economy is growing only very meagerly and spending has been growing very rapidly. this budget bill does not