Who's Not Paying the Bills?

I recently came across some information that would confirm what I've been thinking - that Corporations aren't pulling their own weight when it comes to paying our bills.

Prior to 1980, corporations were taxed at a rate of more than 40%. Since that time, they have been paying less and less in the form of taxes until now the rate is only about 20%; or half of what they used to pay.

During the same period, Federal revenues derived from corporations plummeted while the national debt began to soar.

You will also note that revenues derived from individual income taxes has changed very little. In proportion, individuals now provide the bulk of Federal revenue. It hardly seems fair.

Of course without the corporate revenues, the debt is guaranteed to fall short unless there were spending cuts to offset the shortfall. The national debt has increased almost in direct proportion to the amount of the corporate shortfall.

The sad part is that Federal spending is totally out of control! The revenues derived from taxes come nowhere close to paying the bills. More than half of what the government spends isn't paid for - it is borrowed!

It should be obvious to even the casual observer that the real problem is "spending" not "revenues". Even if one tripled the amount collected from corporations, the amount of revenue collected from individuals would still be greater. Borrowing would still overwhelm either source of revenue and the "death spiral" of escalating debt would continue.

How clear a picture needs to be painted? Will Congress ever see that they MUST stop spending what they do not have?