By forcing working Americans to finance a massive and corrupt government system- and now, with that government’s budget, we are being forced to fund all of the government’s friends and family members who are in social justices branches of the government called- nongovernmental agencies.
In other words, we have passed the tipping point when working-class Americans are enslaved and indebted in order to pay the crooks.
“The fact of the matter is that if you work hard, pay your own way, believe in free speech and traditional values, and fear God, your government – the dirty cadre of elites and insiders – hates you, MN Gordon wrote recently in reaction to the enormous gifts and perks our elected civil servants are enriching themselves with at citizen’s expense.
Gordon is expressing precisely how Americans feel about our pessimistic view on the current state of events in the United States. As a matter of fact, our Republic has been seized and our liberties have been erased, and it appears that there is no way to rectify any of this.
Here are some indisputable facts:
“According to the U.S. Treasury, in FY 2022, total federal tax receipts and additional federal government revenue topped $4.90 trillion. Yet, over this time, Congress spent $6.27 trillion. The difference, the 2022 deficit, was $1.37 trillion,” writes Gordon for EconomicPrism.com, adding:
The difference, of course, was made up with debt. And year after year, decade after decade, these deficits have stacked up into a mega pile of debt. Presently, the U.S. national debt is over $31.4 trillion. As a reference point, in December 2000, the national debt was $5.6 trillion.
In other words, the national debt of the United States has climbed by 460 percent during the past 22 years. During the same period, however, the U.S. gross domestic product expanded by just 157 percent, from around $10 trillion to $25.7 trillion.
You’d think Washington could balance the budget with all that money flowing in from near-record tax revenues as a percentage of GDP. Perhaps it might even generate a surplus and reduce the national debt.
After only six years in office, President Andrew Jackson, for instance, wiped off the whole national debt in 1835. Then, he shared the federal government surplus among the indebted states.
Unfortunately, this is not how the United States government operates in the 21st century, where near-record tax collections will never be sufficient. Washington’s capital’s devouring greed is insurmountable from a human perspective. Nature must play out its course.
Skyrocketing Fiscal Year 2023 Deficit
It does not take a genius to recognize that spending more than one earns for decades is a horrible strategy to accumulate money. Numerous great nations have attempted it. None of them have been able to do so indefinitely. Everyone has failed. The U.S. is no exception.
More on this story via The Republic Brief:
We believe 2023 will further the divergence between the national debt and GDP. Specifically, the national debt will continue to grow much faster than GDP. In fact, it’s already happening.
The first two months of FY 2023, which commenced in October, are off to a slow start. Federal revenue rose just 1 percent. At that rate, federal revenues would increase by 6 percent in FY 2023, as compared to a 21 percent increase in all of FY 2022. CONTINUE READING…