ELDER PATRIOT – If you feel poorer that’s because you are. Under this Republican Congress total government taxes are now 45% of consumer spending. That’s almost a full third of your buying power being directed to subsidize such things as the cost of illegal and legal immigrants, social welfare programs, foreign “aid,” and fighting wars that have no goal other than enriching the military-industrial complex.
With consumer spending and total federal, state, and local taxes totaling $2 trillion more than our entire GDP, that money has to come from somewhere. Around a trillion dollars is being added to our nation’s debt every year leaving the remaining trillion dollars to come out of the savings of Americans, who have been displaced by foreign workers both here and abroad, in their effort to retain their homes and keep their families together. The U.S. government is now borrowing more money annually to support its ever-growing largesse and crony capitalism than its citizenry is accumulating in person debt.
No one is talking about this. Why not? What are the intentions of our politicians who are deliberately Balkanizing our country’s electorate while at the same time running up huge debt in what is the world’s richest country?
Beth Brooke-Marciniak, Global Vice Chair of Public Policy at Ernst & Young LLP and a former adviser to the U.S. Treasury in the Clinton administration gave us this insight while being interviewed by Bloomberg News at the recent World Economic Forum in Davos, Switzerland when she said, “The globe needs the U.S. to be strong. The U.S. is still the horse that’s pulling the cart, and more so now with the capital outflows from emerging markets.”
The World Economic Forum is where politicians come together with the leaders of major international corporations and bankers, and the super-rich to decide the future of the world’s economy. This is central planning on a global scale and is as far removed from our founding principle of capitalism and the reward for individual achievement as can happen here on earth.
Ms. Brooke-Marciniak made it abundantly clear that these Globalists intend to continue to drain every resource they can out of the United States – that means from you – in their drive to create expansive global markets with which to enrich themselves. This will be accomplished through continuing to drain the U.S. of its financial resources while you are forced to fund their plans by taking on more and more debt and losing the value of your equities in the process.
When the first Globalist conference took place in Davos in 1971 our national debt was barely $54 billion.
Today it is approaching $19 trillion and will surpass $20 trillion before Barack Obama and this Republican Congress leave office. That is an increase exceeding 37000% in only 44 years. Still, no one is addressing this fleecing of America.
Twenty trillion dollars only represents a fraction of our federal government’s indebtedness. Total unfunded liabilities including Social Security and Medicare now tops $100 trillion and that is yet to include the debt to be created by Obamacare. Then there’s still state and local debt that passed the three trillion dollar level a while ago.
What happens when our debt finally swallows our ability to pay for it? Two Columbia University professors addressed this scenario in 1966:
Why isn’t the mainstream media asking these questions instead of inviting illegal aliens and Muslim immigrants to represent their wholly selfish interests as they were during the FNC Republican debate last night? Any doubt that all of the major news networks are working for their Globalist puppet masters was removed last night when Fox News rolled over like a dog.