(PatriotHQ) Congress has been printing and spending trillions of dollars like drunken sailors on shore leave after payday BUT of course it is your fault the national debt has ballooned!
Hey Citizen, how could you have done this to America? …or perhaps it not your fault at all!
The Washington brainiacs claim they haven’t taxed you enough! You have failed to pay your life’s blood to fund the tax drunk Washington spendaholics.
Think this is a joke? Keep reading. The massive national debt is the result of not raising the necessary revenues, according to the White House.
Jared Bernstein, a member of the White House Council of Economic Advisers, stated on Thursday's episode of MSNBC's "Katy Tur Reports” we have a large national debt because there is "a real reluctance to raise the revenues we need to meet our spending obligations." And debt "arises from our failure to generate the revenues required to meet our obligations."
"We had a balanced budget in the late '90s," host Katy Tur inquired. "How did we get to $31.4 trillion in debt?"
"Well, I think one of the things 's hurt us is just a real reluctance to raise the revenues we need to meet our spending obligations," Bernstein responded. For years, Republicans in particular were adamantly opposed to any revenue increases, particularly at the high end of the scale, which is where President Biden has focused on raising the revenues required to meet our spending obligations.
"The Trump tax cuts added nearly $2 trillion to the deficit, Trump Republicans then went on to add another 2-plus trillion on the spending side, all while Republicans, including Kevin McCarthy, voted for three debt ceiling increases, all right?" he continued. So, I think it's an excellent question to ask why now is different from then. As you mentioned, the debt ceiling has been raised 78 times, 49 times with Republicans in charge and the rest with Democrats, so there's some hypocrisy there."
"The tax story really needs to be discussed in the context of how you pay for your spending obligations," Bernstein added. Where does all debt come from? was the first question you asked me today. It stems from our failure to raise the necessary revenues to meet our obligations."
Later, Bernstein responded to a question on whether getting to a balanced budget can be done just through tax increases on top earners by stating, "I think there's nothing particularly simple in this space. But we've managed to fund many of our spending programs in this manner."
So, the bottom line is Washington needs more tax slaves to build their pyramid of debt and the few tax slaves who have survived ritual tax beating must further squeeze for the few pennies they have left!
Of course, there is an unthinkable alternative (wait for it) reduce spending, put Congress on a fiscal diet and force Washington spend less! In other words, We the People must dream the impossible dream! Yike!
Replies
The Democrats are putting us so far in debt we will never get out!
Trump Nov. 3rd 2020. (The People’s President).
*Peace in the Middle East, ISIS stopped!
*Iran quiet.
*Afghanistan quiet.
*Korea quiet.
*China in check and increasing trade.
*USA feared & respected at NATO.
*NATO members started paying their fair share.
*Illegal immigration stopped at southern border.
*Best economy in years.
*New business start-up’s highest in history.
*Cost of gas ($1.43 June 1st. 2020). Trump was shooting for a national base of $1.50.
*USA #1 producer of gas & oil in the world.
*FAIR trade agreement with Mexico and Canada.
Thats the plan! Debt slaves are obident slaves! Maybe if a debt slave licks the hand of his master he 'might' get and extra treat!
Then will can brag to his other slaves he is his masters favorite!
Biden (The Party’s President).
BORDER CRISIS-Biden backed illegal invasion with drugs, diseases, human trafficking, etc.
FOOD & MEDICAL SHORTAGE- up 16% plus.
INFLATION- Up 18% average. Worse inflation since 1980, next will be total shutdown.
CRIME- up 40%.
ENERGY CRISIS- Biden gave away our military oil reserve to China, stopped all drilling.
VACCINE MANDATE- He changed the vaccines in May of 2020 so he can poke children and is
now forcing an illegal vaccine mandate which has caused a worker shortage. We now have
massive death from heart problems & blood clots.
SUPPLY CHAIN DISASTER- With no sign of getting better.
As Americans stare at this incompetent, illegal Presidency, while the Democrats show incessant focus on January 6th while pushing Socialist values and denying Democratic high crimes, while Russia and China are seizing the opportunity to realize their global ambitions during Biden's rudderless leadership and with his assistance, now, as Putin has an all-out blitz on Ukraine, the American people are facing an unparalleled disaster! It's a bleak time for Americans! BTW, Zelinsky just bought his parents a $8 million villa complete with a saltwater pool and a new car each. Thanks Joe!
To the Sheep that voted Biden, we had people like you before our own revolutionary war (they were British sympathizers called Tories). The people finally had enough, they were arrested for treason and hung! I hope your children forgive you in time!
Victory1
Create a disaster, make the disaster worst and blame it on the other guy, trick the debt slaves into beleiving you are fixning the disaster but all you need is more debt!
Questions? Did think so.....
Liked your article but since I am the reason for the trillions of dollars of debt, where is my cut? If I run up my credit cards at least I got stuff to show for it! Hopefulloy new shoes and clothes, but where is all my stuff the national credit bought? But now I have to pay for someone elses stuff? How does that work? Who's paying for my stuff?
Washington is a scam from the tax system to the currupt election system. This is not what our founding father envisioned!
Yup, you're right! Tax and spend but wants us to pay for it! NO!
This is why the Dems hired 87,000 new armed IRS agents and gave the IRS billions and billions of dollars!