Quote:
Originally Posted by NoSocialism.com
U.S. receipts have grown almost 13 fold since 1970, while spending has grown just over 13 fold since 1970. Problem is, household income has only grown at half that rate. Obviously, the U.S. Government needs to curtail spending.
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Well there are 2 main reasons that the collection of tax and spending has increased so dramatically since 1970
Firstly the USA spends more on its military and defense than ALL the other nations put together. That's a massive invoice for Congress to settle year in year out. Especially with the constant resort to violence via a non-diplomatic and militaristic US foreign policy agenda.
Secondly the US economy functions on the basis of MASSIVE CORPORATE WELFARE and FINANCIAL SUDSIDIES TO THE PRIVATE SECTOR. A massive bill that actually sacrifices the living standards of the Bulk of the US population.
And remember one critical thing about the US deficit. Its deliberatley designed to bankrupt COngress so as to prevent any strong social fabric developing in the USA.
In other words when the US government is broke it is further in debt and under direct control by the private financial institutions and private wealth and power centres,
"Government is the shadow cast by Big business" (Adam Smith)
GOD
BLESS
AMERICA