Sat Mar 23, 2024 11:33 pm by globalturbo
Federal Debt Created By NWO Czars & Held For The U.S. Public To Pay: Totals $107,000 Per Household
Obama removed Hosni Mubarak from Egypt By coup and installed Muslim Brotherhood Mohammed Morsi who was over thrown by the people in Egypt July 2013. He now Sits on death row after the Grand Mufti Of Islam upheld the sentence.
The report, titled “Washington’s Largest Monument: Government Debt,” suggests that growing debt, which has doubled over the past seven years, poses a burden on future taxpayers and could lead to a financial crisis.
According to Cato, financing government debt through tax collection creates distortions since much of federal spending goes to subsidy and benefit programs, which reduce work incentives and savings.
One economist says that “it costs taxpayers $3 to provide a benefit worth $1 to recipients.”
In addition to misallocating resources, growing debt may cause private investment and saving to decline. “Businesses may be reluctant to make long-term investments if high and rising debt creates fears of tax increases down the road,” states the report.
Debt held by the public is a different measure than the widely reported gross debt measure, which is now more than $18 trillion.
Many Americans are increasingly concerned about the expansion of the federal debt and two thirds believe that it should be a top priority for Congress.
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Thanks to: http://politicalvelcraft.org
Obama removed Hosni Mubarak from Egypt By coup and installed Muslim Brotherhood Mohammed Morsi who was over thrown by the people in Egypt July 2013. He now Sits on death row after the Grand Mufti Of Islam upheld the sentence.
2008~Senators McCain, Barack Obama, & Biden will be in Washington on Wednesday to vote on the $700 billion bank rescue plan.
The federal debt held by the public totals more than $13 trillion, or about $107,000 per household in the United States, according to a report released this month by the Cato Institute.The report, titled “Washington’s Largest Monument: Government Debt,” suggests that growing debt, which has doubled over the past seven years, poses a burden on future taxpayers and could lead to a financial crisis.
- Iceland Jails Bankers, Erases Citizens’ Debt, Recovers Strongly: No More Banks!
According to Cato, financing government debt through tax collection creates distortions since much of federal spending goes to subsidy and benefit programs, which reduce work incentives and savings.
One economist says that “it costs taxpayers $3 to provide a benefit worth $1 to recipients.”
In addition to misallocating resources, growing debt may cause private investment and saving to decline. “Businesses may be reluctant to make long-term investments if high and rising debt creates fears of tax increases down the road,” states the report.
Debt held by the public is a different measure than the widely reported gross debt measure, which is now more than $18 trillion.
Many Americans are increasingly concerned about the expansion of the federal debt and two thirds believe that it should be a top priority for Congress.
Free Beacon“America may face unforeseen military challenges or endure another deep recession in coming years, which would make deficits worse than the CBO currently projects,” states the report.
“The best way to prepare for the nation’s uncertain economic future is to cut spending and end deficits, and then to begin paying down the debt before the next crisis hits.”[“The best way is to nullify the debt like Iceland”]
Related Articles:
- Breaking Point: Unsustainable Fraud Against The United States!
- Iceland Follows President Jefferson’s Warning About Debt Load.
- Iceland Sends Another Rothschild Banker To Prison For Market Manipulation.
- Russia Blasts Biden: Zionist Joe Biden ~ Dividing Iraq By Israeli Design Since 2006!
- Rise & Fall Of The Rothschild Banksters: Will Not Make It To Winter ~ Then Mini Ice Age!
- ANOTHER BANKER SUICIDE ADDED TO THE LIST OF 72 DEAD BY UN-NATURAL CAUSES!
- Another Banker Dead: IRAN Executes Rothschild Billionaire On $2.6 Billion Bank Fraud ~ Used Fraudulent Funds To Implement Agenda 21 In Buying State Property.
- Banker’s Hedge Funders Bilk The Same Money In One Hour From Americans ~ As It Takes For A Modest Middle-Class-American Family To Work For In Over 47 Years!
Thanks to: http://politicalvelcraft.org
