lsayre wrote:We have a Federal deficit because the Federal Government annually takes in ~$2.4 trillion in taxes (corporate and income) and all other forms of revenue and it annually spends ~$3.5 trillion.
With $3.5 trillion being 23% of the nations GDP, are we getting the proper bang for the buck? Or could the private sector (including you and I) spend that 23% far more wisely?
Consider medicare as an example...their overhead is far, far lower than any private medical insurer. So yes, in some cases, the gov't can do it better...if for no other reason than they don't need to turn a profit and pay for those super fun executive salaries.