The United States government has used its tax powers to advance its own imperialistic agendas. The government wants your money. It will beg, steal or borrow if necessary, but it wants your money any way it can get it. This is what comes of those $1.2 trillion spending bills: someone’s got to foot the bill for the government’s fiscal insanity, and that “someone” is the U.S. taxpayer. ‘The government’s schemes to swindle, cheat, scam, and generally defraud taxpayers of their hard-earned dollars have run the gamut from wasteful pork barrel legislation, cronyism and graft to asset forfeiture, costly stimulus packages, and a national security complex that continues to undermine our freedoms while failing to making us any safer’ assert John and Nisha Whitehead of the Rutherford Institute.
Tyranny by the Numbers: The Government Wants Your Money Any Way It Can Get It.
By Constitutional attorney John W. Whitehead and Nisha Whitehead
Americans have also been made to pay through the nose for the government’s endless wars, subsidization of foreign nations, military empire, welfare state, roads to nowhere, bloated workforce, secret agencies, fusion centers, private prisons, biometric databases, invasive technologies, arsenal of weapons, and every other budgetary line item that is contributing to the fast-growing wealth of the corporate elite at the expense of those who are barely making ends meet—that is, we the taxpayers.
According to the number crunchers with the Committee for a Responsible Federal Budget, in order to spend money it doesn’t have on programs it can’t afford, the government is borrowing roughly $6 billion a day.
Basically, the U.S. government is funding its existence with a credit card.
Let’s talk numbers, shall we?
The national debt (the amount the federal government has borrowed over the years and must pay back) is more than $34 trillion and will grow another $19 trillion by 2033.
The bulk of that debt has been amassed over the past two decades, thanks in large part to the fiscal shenanigans of four presidents, 10 sessions of Congress and two wars.
It’s estimated that the amount this country owes is now 130% greater than its gross domestic product (all the products and services produced in one year by labor and property supplied by the citizens).
In other words, the government is spending more than it brings in.
The U.S. ranks as the 12th most indebted nation in the world, with much of that debt owed to the Federal Reserve, large investment funds and foreign governments, namely, Japan and China.
Interest payments on the national debt are more than $395 billion, which is significantly more than the government spends on veterans’ benefits and services, and according to Pew Research Center, more than it will spend on elementary and secondary education, disaster relief, agriculture, science and space programs, foreign aid, and natural resources and environmental protection combined.
According to the Committee for a Reasonable Federal Budget, the interest we’ve paid on this borrowed money is “nearly twice what the federal government will spend on transportation infrastructure, over four times as much as it will spend on K-12 education, almost four times what it will spend on housing, and over eight times what it will spend on science, space, and technology.”
In ten years, those interest payments will exceed our entire military budget.
This is financial tyranny.
Read More: Tyranny by the Numbers: The Government Wants Your Money Any Way It Can Get It.