But you cannot use up a infinite resource?After all it is not as if we are suddenly going yo run out of money...we can tax the wealthy, rob the poor, or even just print more.There's only so much you can tax people, and even debt is a "finite" resource, since taking on too much eventually diminishes your ability to get credit.Today, the United States spends roughly 76 cents of every federal tax dollar on just four things: Medicare, Medicaid, Social Security and interest on the $14 trillion debt. That leaves 24 cents of revenue to pay for everything else the federal government does.Barring serious efforts to curb the growth in the country's debt, by 2020 Washington could be spending 92 cents of every tax dollar on Medicare, Medicaid, Social Security and interest alone. That would leave just 8 cents to pay for everything else.http://money.cnn.com/2011/01/21/news/economy/spending_taxes_...
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