The Case for a Balanced Budget Amendment in Three Disturbing Charts

When the federal government steals money from one individual to give to another it doesn't term it "Redistribution of Wealth" in any official capacity. No, that would be too close to the actual Marxist policies driving the modern Democrat agenda. No, instead they call this legalized form of theft "Personal Current Transfer Receipts."

Personal Current Transfer Receipts Examples

• Medicare • Medicaid • Food Stamps • Social Security • Unemployment Insurance

Personal Current Transfer Receipts:

Note that transfer receipts are nearly $2.4 trillion.

Federal Government Receipts:

Ratio of Personal Transfer Receipts to Federal Government Receipts:

Notes

• Nearly every dime of federal government receipts goes to personal transfer payments.
• Between 1960 and 1970, personal transfer payments were 30-35% of federal government receipts.
• From 1980-2000 the percentage fluctuated between 50% and 65%.
• If (when) the economy slips back into recession personal transfer payments will exceed 100% of federal government receipts.

Given personal transfer receipts take up nearly 100% of federal government receipts, in theory, there should be no room for anything else, including wars, roads and bridges, and wages of federal employees.

Which is why Congressional Republicans must reject any hike of the debt ceiling until a Balanced Budget Amendment is passed by Congress and signed into law by the President.