Why The Federal Budget Can Not Be Balanced (Must See Video)

This video breaks down the Federal Budget into major components that can be easily understood. In a nut shell, mandatory entitlement spending and interest on the Federal debt are larger in 2012 than total tax revenues. That means if we closed every government department and office, fired every government employee, disbanded our military and ended all discretionary spending, we would still have a small deficit. What would it take to balance the budget? We could raise taxes by 50% or cut entitlements like Social Security, Medicare and Medicaid by 60%. Do you see any of those things happening? Is it just a question of time before we go the way of Greece?

United States Budget Dilemma (Video)