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www.reviewjournal.com

EDITORIAL: Message to Washington: It’s the spending, stupid!

Even a double-digit jump in revenues isn’t enough to stem the red ink.
www.reviewjournal.com www.reviewjournal.com

The Biden-Harris administration wants the public to believe the country is in great shape economically. Yet the budget deficit tells a story of unsustainable spending.

In the past fiscal year, which ended on Sept. 30, the federal government doled out $1.83 trillion more than it took in. That red ink boosted the national debt to well more than $35 trillion.

Last year, the federal government realized almost $5 trillion in revenue. That was an 11 percent increase over the previous year, or around $480 billion. Individual income tax collections jumped by 11 percent. Collections from corporate income taxes soared by 26 percent.

There’s a lesson here. Lower tax rates can boost tax collections if they increase economic activity. A growing economy can send tax revenues soaring.

More federal tax revenue, however, can’t fix the what’s driving the debt and deficit — ever-higher spending. Last year, outlays soared by almost $700 billion. Total federal spending was $6.75 trillion, according to The Wall Street Journal.

It’s virtually impossible to fathom numbers that large, so here’s some context. In 1974, total federal spending was under $270 billion. In 1994, it was $1.46 trillion. In 2004, it was $2.29 trillion. In 2014, it was $3.51 trillion. Those statistics are from The American Presidency Project at UC Santa Barbara.

Federal spending is about 25 times higher today than it was 50 years ago. It’s almost double what it was just a decade ago.

If you really want to be shocked, consider 1934 when federal spending was $6.5 billion. The federal budget is around 1,000 times bigger than it was 90 years ago. This is exponential growth.
 
It's the never-ending wars that we squander taxpayer dollars on. The CIA is a private army used for corporate intimidation overseas like in Syria's oilfields right now but all over the world and on top of that they have curated taxpayer money for the censorship & surveillance industry, further bloating the debt to the point the dollar is at an all time low in the world. And still falling as BRICS is gaining momentum and will fall further when they become a global force.

Our failed leadership can't seem to grasp the idea that we need to stop paying for the wars, surveillance & censorship and payoff debt or taxpayers will suffer the consequences. Not them. They could give a rats ass.
 
The best idea is to stop spending.
To be more specific stop paying for wars and payoff debt with those billions. Trump has said he'll put tariffs on companies who make stuff overseas. That's also a start. When we stop all these wars we can trim the pentagon's budget since they can't account for their money in the first place. Same with the CIA.

Oh yeah! Another big one would be to hold someone accountable for losing billions of dollars like what happened in Iraq a decade ago. How tf does a billion dollars in cash disappear and nobody knows what happened?
BULLSHIT!!
 
jaydog said:
It's the never-ending wars that we squander taxpayer dollars on. The CIA is a private army used for corporate intimidation overseas like in Syria's oilfields right now but all over the world and on top of that they have curated taxpayer money for the censorship & surveillance industry, further bloating the debt to the point the dollar is at an all time low in the world. And still falling as BRICS is gaining momentum and will fall further when they become a global force.

Our failed leadership can't seem to grasp the idea that we need to stop paying for the wars, surveillance & censorship and payoff debt or taxpayers will suffer the consequences. Not them. They could give a rats ass.
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Every few years I play this clip. I loved this dude. Your comments made me recall it.



He's spot on and hilarious as well. To sophisticated elites: he's unhinged. But to me I genuinely respect his passion.

But since he wasn't sharp on knowing where Aleppo was or world leaders, the media treated him like he was the stupidest man alive.
 
This is some funny shit



Chuck you're party is so far to the left if Kamala loses you can still become the first woman president :ROFLMAO:


That and Damn just look at Bloomberg. His face and nose are bright red. It literally looks like his head is going to twist Exorcist style and then explode. Geez alcohol and politics :ROFLMAO:
 
jaydog said:
The best idea is to stop spending.
To be more specific stop paying for wars and payoff debt with those billions. Trump has said he'll put tariffs on companies who make stuff overseas. That's also a start. When we stop all these wars we can trim the pentagon's budget since they can't account for their money in the first place. Same with the CIA.

Oh yeah! Another big one would be to hold someone accountable for losing billions of dollars like what happened in Iraq a decade ago. How tf does a billion dollars in cash disappear and nobody knows what happened?
BULLSHIT!!
Click to expand...
#1 pass a REAL Balanced Budget Amendment in both houses. then work on it to be in our constitution.
it can't happen overnight(sadly) phased in over 10 years.

#2 over those 10 years sell off Federal assets. I haven't looked lately, but 10 years ago they were holding 120-150 trillion dollars worth of Federal assets. it must be 150 to 200 now I guess. these funds can ONLY be used to payoff the debt.
www.instituteforenergyresearch.org

Federal Assets Above and Below Ground - IER

The federal government owns a great deal of valuable assets both above and below ground. The above ground assets include…
www.instituteforenergyresearch.org www.instituteforenergyresearch.org
IER estimated the worth of the government’s oil and gas technically recoverable resources to the economy to be $128 trillion, about 8 times our national debt.
In contrast, the government owns an enormously large mineral estate (oil, natural gas, and coal resources) that has an estimated total worth to the economy of over $150 trillion, over 9 times the national debt.

This is just energy. we/they own lots of other land/buildings etc
Go thru the spending with a bulldozer and take it out.
 
I agree with most of that, but I still can't get behind NGO's, "thinktanks", PAC's and other groups that operate as a 501(c)(3) organization where millionaires & billionaires "donate" to, use that donation as a tax deduction and at the same time they promote themselves & their businesses.

What a scam, huh?

Essentially the richest people get tax deductions while taxpayer's pay for their own 501(c)(3) thinktank.

 
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A former Israeli official might have a slanted view on things. Might as well post Bibi's latest composition on his war in Gaza, which he extended to include Lebanon, and we are now sending US troops and US taxpayer dollars to, because Antony Blinken and Jake Sullivan have made it so. FJB sure as shit isn't running this country.
 
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