At the end of this Blog…
Well at least there will be a Multiple Choice Question.
But first, to assist you in your upcoming deliberation, some more interesting statistics:
- America’s Population is 330 million;
- America’s Debt now equals the total sum of all of its Annual Domestic Production (GDP) some $16 Trillion Dollars, while its annual deficit runs over $1 Trillion (move over Greece);
- Over 100 million Americans are in receipt of Government Assistance, that’s about 1 in 3;
- Over 50 million receive food stamps. that’s 1 in 6;
- Over 30 million receive welfare, that’s close to 10% of all Americans;
- 155 million American workers make-up its civilian workforce i.e. private and public workers, that’s about 50% of America’s total population;
- Of that number, 43 million work only part-time, that’s totals about 30% of all workers;
- That leaves a full time civilian workforce of 112m or about 70% of all workers;
- 19 million full timers work work for government, about 17%;
- That leaves 93 million full time workers in the private sector, less than 1 in 3 Americans;
- Of that number, 46 million (49%) of the private sector pay no federal income taxes;
- That leaves 48 million (51%) of the private sector paying federal income tax - (so every 1 taxpayer is supporting 6 fellow Americans);
- Of this number, the top 1% (480,000) pay nearly two fifths of all income taxes, while the top 5% (2.4 million) pay three fifths. That leaves 95% (45.6 million) paying the remaining two fifths).
- Another way of saying this is that less than 1% of Taxpayers (2.4 million) out of 330 million Americans, pay nearly 60% of all income taxes collected.
Now For Your Multiple Test Question:
After carefully considering the above-noted statistics, should you be Elected President this coming November 6, 2012, what would you be inclined to do during your 4 year term?
a) Do nothing…be happy; or,
b) Spend more in a bid to enrich the have-nots at the expense of the rich; or,
c) Try to reduce government spending in a bid to balance the budget; or,
d) Slash government spending in order to balance government budgets; or,
e) Slash government spending and dramatically increase income taxes to ensure balanced government budgets.
For Your Comment: this space is to allow each of you to write 2 – 3 sentences on any comments you may have in regard to the above assumptions. Remember to keep your comments clean.
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Your mark will be available in tomorrow’s Blog.
As I see it …
‘K.D. Galagher’
