From now on when you read or hear anything on the media and it is about Government spending, I want you (in your mind) to replace the word "Government" with the word "taxpayer".

Read on....

The National Debt is $11.4 Trillion!




Updated 16 June 2009-

This bar chart is based on U. S. Senate Appropriations Bills and the Monthly Treasury Statement.

We put the data published by the U. S. Treasury Department into a spreadsheet and generate the bar chart from that spreadsheet.

The "estimate bar" in the "Debt Total" box for the next Fiscal Year (FY) is generated by our analysts from data published by the Congressional Budget Office and several other sources.

And this chart DOES NOT show the "earmarked" spending at all. It is not accounted for.

--- "Budget Deficit" vs. "National Debt"---

Suppose you want to spend more money this month than your income. This situation is called a "budget deficit". So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you don't have enough money to cover your spending (another deficit), you must borrow some more, and you'll still have to pay the interest on the loan. If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don't have any money left over for anything else. This situation is known as bankruptcy.

Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress's appropriations.

We pay interest on that huge debt. And now the Treasury is having trouble finding lenders!

Press Release on Tax Code and the IRS.

Your money is spent through Appropriations Bills passed by The U. S. Senate and signed by the President. The Government does not have any money, it takes your money from you and, and borrows more, then spends that! The bailouts of 2008 and 2009 are purely deficit spending. Expect to see enormous deficits in the forseeable future, leading to much more debt; and interest payments on that debt will become the largest item in the federal budget. On C-SPAN, President Obama boldly told Americans: "We are out of money."


Bulletin (24 March 2009): Warning! This report from Washington Post: "The Obama administration will ask Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, White House spokesman Robert Gibbs said this morning." Visit the Government's new "Recovery" web site; see if you can figure it out.

In Fiscal Year 2008 (FY0, the U. S. Government spent $412 Billion of your money on interest payments* to the holders of the National Debt. Compare that to NASA at $15 Billion, Education at $61 Billion, and Department of Transportation at $56 Billion. -- As of May 2009, the interest expense so far this fiscal year (FY09) is $214 Billion.


The interest expense paid on the National Debt is the third largest expense in the federal budget. Only Defense and income redistribution (The Departments of Health and Human Services, HUD, and Agriculture (food stamps)) are higher. Do you have "Compassion" for the lower income earners? Social spending is the largest item in our federal budget.

No matter who you are, your taxes will go up. Here's why. When you buy something, all the companies involved in producing that something and delivering it, were charged a wide range of taxes, and it's part of the cost of everything you buy. The U. S. Leadership is planning to raise all corporate taxes. The price of everything you buy will go up to cover that tax cost. You will be paying those corporate taxes! See more on this.



The U. S. Dollar is being replaced as the international trade standard. Our large national debt is the main reason; and now (2009) Congress has just passed the "Economic Stimulus" bill that will shift us from an "economic crisis" to a debt crisis! If businesses could print their own money and give it away to customers so they could buy the products, many folks would be happy for a while; but the businesses would go bankrupt. Well, that's what our government is currently doing, printing and giving away money.


What is causing this national budget crisis? How do we fix this growing debt problem? A balanced budget amendment is one suggested solution. What's your solution? FAQs and Answers on the Balanced Budget Amendment and Article V of the Constitution.
Federal Budget Spending and the National Debt (26 June 2009)
http://www.federalbudget.com/

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You haven't countered nothing, because the points you made are not valid, you are basing your counter on information you don't understand, regardless the accuracy of the information, because it does not state what you are saying.. (Brazko)

We are gonna have to take the power to print money out of the hands of government.
Just mandate that the banks hold 1/100th of a gram of gold for every dollar they print.
Then place that in the constitution so it can never again be changed.
Then moniter the banks and audit their gold supplies regularly.
This is over simplified but basicly it can work.

Raising taxes durring a resession is stupid.
So we gotta cut spending and cut taxes.
But God forbid we do that with that bunch in DC we got now.

But Obama has only been in a Few months.
Lets give him a chance to really screw the pooch.
One way or the other people are gonna learn government isn't God.
It can't be everything to everyone.

Don't worry, we can just borrow more from China!

The Chinese and Japanese own us

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Down's 7 Course Meal: A 6 Pack and a Joint

Actually the Chinese have had it with us, although you won't hear that on the news. China has already notified the US that it will no longer "buy" our long term debt loads.

I've always felt if anyone had the ability to knock us down to a second tier nation and lead the world themselves, it was the Chinese. If they are indeed playing a long term chess game here, checkmate is not that many moves away. You won't hear that on the news either.....can't spook the herd yah know. But it's happening......

And yes, in these times, raising taxes and govt. spending is a recipe for failure. The stakes this time as opposed to other times are the stakes....we are all in with this hand. So tell me, who has the better hand?

Honestly.....

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You haven't countered nothing, because the points you made are not valid, you are basing your counter on information you don't understand, regardless the accuracy of the information, because it does not state what you are saying.. (Brazko)

Chinese troops on our soil guarding their investments, nato soldiers patrolling our streets, remind you of anyone, like the USA in Iraq,. Afghanistan and the other 100+ countries where America has a presence. The reason we are there is to guard our corporations investments, period. I forsee a little Karma coming home to roost. I wonder how many of us will be the insurgents. Now is the time for all you internet heros to chime in,~LOL~.

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Life is good, the water is sweet. The ground keeps moving beneath my feet.

That's a flawed analogy....as usual.

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You haven't countered nothing, because the points you made are not valid, you are basing your counter on information you don't understand, regardless the accuracy of the information, because it does not state what you are saying.. (Brazko)

Oh, you are so superior. I should know not to question your lies and innuendo. So what you are saying is: only what you say matters and whatever anyone else says is bullshit, kinda seems like you alright, all ass and no brains. You assume you are the smartest bulb in the box, brought on by intense axphyxia, from head up ass.

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Life is good, the water is sweet. The ground keeps moving beneath my feet.

if the chinese invaded us we would have more freedom from them than our own government.

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everything i print write or show on here is a complete and utter lie..i cant help myself i am a terminal liar..all of this shit is just fiction and made up for entertainment purposes ONLY..

That sounder eerily like plz come liberate us"

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I am a very giving person. I'll throw my 2 cents in.
SideWazeDaze!!!!!

Great post my dude, but I think The Federal Reserve Bank is the cancerous tumor that is the root cause of everything you describe. Thomas Jefferson said " The central bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. I am an enemy to all banks discounting bills or notes for anything but coin. Iff the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered."

Ron Paul has taken the inititive with is proposed bill HR 1207, which would allow Congress to audit the fed, powers they do not currently have. All Ron Paul is asking for essentially is for the American people to have the right to take a look at the fed's books. The bill has some support so far and hopefully will pick up some steam. You can add your name to the petition at Ron Paul's website, I believe and I also recommend seeking out your state representatives in your district and ask for their support for HR 1207. Frankly, there is no good reason for any of them not to support it and I would personally be suspicious as to whether any of them have our best interest at heart if they will not support the bill. Once again, great post though!