Suppose the Johnson family makes $100,000 per year (after taxes). Yet, to maintain their lifestyle, the family spends $114,000 per year on food, clothing, utility bills, gas, school supplies, the dentist, entertainment, lawn mowing services, pool maintenance, etc. Oops. They don’t have $114,000. They only have $100,000. No problem. To bridge the gap between income … Continue reading Where to Cut Federal Spending – An Economic Plan for the U.S. – Part 1