“Our practical choice is not between a tax-cut deficit and budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve . . . a budget surplus.” John F. Kennedy


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Sep 19 2012

Our Tax Dollars and Receipts

Let me get this straight – the US federal government is spending $20 million of our hard-earned money every year on “Afghan firewood,” and they’re doing it without any receipts or other form of documentation.

According to John F. Sopko, special inspector general for Afghanistan Reconstruction, when the auditors asked for documentation of how much was spent on Afghan firewood, the response was, “We don’t have the records, we just spend the money.”

Just wondering how far that would get you if you tried it on an IRS agent, auditing your finances. Next time you’re sitting down with an IRS auditor in order for him to determine if you paid enough of your portion of that $20 million, just give it a try, something like, “I don’t have the records, I just make some cash and spend some cash . . . I paid you guys exactly what I owe you though. I can feel it.”

Go for it.