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Another Brick in the Wall

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ANOTHER BRICK IN THE WALL Poster | JOE | Keep Calm-o-Matic

For those who know me, they know that I am antisocial. I keep to myself and do not travel much for obvious reasons. But lately, I have been trying to engage people in conversations concerning the financial state of the country. This is an information gathering exercise to see how well they understand the US debt, inflation and taxation.

The results are very depressing. I have yet to find one person who knows the amount the national debt. Since the people I have been engaging are work related (mostly construction) or people in their workplace, my sample does not include the unemployed.

When I point out that their share of the debt as a taxpayer (not a looter) is currently $238,000 or that their total liability for each citizen is $493,000, their eyes glaze over. They literally have no concept of the state of our nation’s debt. To them, it does not concern them or their children’s future. They have no idea that this “debt” has enslaved them.

I believe that this is common knowledge to our “leaders”. Which is why they continue to print and spend in order to achieve their goal of one world order where we will own nothing.

Here are some points for the US budget for fiscal year 2022:

  • President Biden’s budget for FY 2022 totals $6.011 trillion, eclipsing all other previous budgets.
  • Mandatory expenditures, such as Social Security, Medicare, and the Supplemental Nutrition Assistance Program, account for about 65% of the budget.
  • Budget expenditures exceed federal revenues by $1.873 trillion for FY 2022.
  • Most of these revenues come from taxes and earnings from quantitative easing.

The above points should be chilling to any sapient American. Consider that the deficit of $1.873 trillion is more than the entire 1980 US budget adjusted for inflation of $1.749 trillion.

Unfortunately for what is left of the country, the true amount is much worse. The Biden (third Obama administration) is spending $1 trillion per month. That means the actual expenditures exceed federal revenues by $7.873 trillion. To simplify this, it means that the government is spending $2.90 for every dollar that it receives from its revenue sources.

I have two theories for why we are not in the streets of Washington, D.C. with pitchforks:

  1. People know the Republic is dead or
  2. People do not want to accept the facts and are in denial

I pray that our period of bondage will be short but I think that is wishful thinking.

David DeGerolamo


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