Chart: Your Tax Dollars At Waste
Every dollar the government borrows today is a dollar our children must pay back tomorrow with interest. In effect, we’re stealing their future. That isn’t fair, and it isn’t right.
The federal government now routinely runs budget deficits in excess of $1 trillion, and at $15.5 trillion, the national debt is now bigger than our entire economy – which means we owe more money than we make. Yet over the last two years, the independent Government Accountability Office has identified 1,500 wasteful and duplicative federal programs where taxpayers could potentially save $400 billion every year.
The chart below shows just a sample of Washington’s wasteful spending. Let’s be fair to our kids and give them a better future. Let’s cut the waste, cap the spending, and balance the budget.
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