Most people believe their tax dollars are applied directly to the expenses of government. Roads, bridges, police, fire, schools, parks, street signs and guard rails are all provided by our taxed dollars. An extension of this same belief promotes people’s desire to pay their fair share of the tax burden so we can all enjoy the benefits of living in America. Industrialist Peter Grace and syndicated columnist Jack Anderson formed the Grace Commission in 1982 in response to President Reagan’s “Private Sector Survey on Cost Control.” Two years later, after 161 corporate executives and community leaders directed over 2,000 researchers to investigate government spending, the enormous 47-volume, 21,000-page Grace Commission Report was published. The $76 million study was funded entirely from private sector donations and cost the taxpayers nothing. The commission made 2,478 recommendations that would save the taxpayers $424.4 billion over three years without cutting essential services or raising taxes although some non-essential services would have been affected. In a letter to President Reagan dated January 12, 1984, Grace encapsulated his commission’s findings. He warned the president of multi-trillion dollar government debts by the year 2000 should the federal government not act upon his commission’s recommendations. Our debt today is over 17 trillion dollars and Mr. Grace was right. In this same letter, Grace told President Reagan that one-third of the tax dollars collected are wasted by the government and another third are not even collected. Peter Grace stated, “With two-thirds of everyone’s personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.” Our 2004 federal budget was about $2 trillion dollars and the spending percentages looked like this: 26.2%—military 22.6%—interest on the debt 19%—health care 5.5%—income security 3.4%—veterans’ benefits 3.3%—education 2.5%—nutrition spending 1.6%—housing 1.6%—environment 11.4%—everything else So what is funding government? Tax researcher Richard Standring believes the U.S. funds itself with loans from the International Monetary Fund (IMF). The IMF was created at the United Nations Monetary and Financial conference in Bretton Woods, New Hampshire, July 12, 1944. Per Title 22, Section 286 U.S. Code, the U.S. became an IMF member in 1945. Standring followed checks naming the IRS as the payee. He claims the checks go to a Federal Reserve bank, a private banking institution that has never been audited. The money then goes to the International Bank for Reconstruction and Development and is deposited into what is called a “Quad Zero” account. It is from this account that IRS tax refunds are distributed (per 22 USC 286 and 31 CFR 11, section 214.7). According to Standring’s research, whatever is left over is then transferred to the IMF. From there the money is redistributed among countries throughout the world—including the U.S.—in the form of loans. These loans must then be paid back to IMF bankers at interest. According to the U.S. Bureau of the Public Debt, Americans were in the red $1.663 trillion in 1984. Thirty years later the debt will have increased more than ten-fold to $17.1 trillion dollars. With every dollar paid to the IRS in taxes, America’s debt to the IMF increases—with interest. For this reason, the national debt principal, the money originally borrowed, can never be paid back. My grandchildren, your grandchildren and even our great, great, great, great, great grandchildren could all be taxed at 100% for eternity and the national debt would continue to rise. Schools, roads and bridges are not funded by income taxes at all. Property taxes fund schools - roads and bridges are funded by gas taxes - airports, sewer and water systems are funded by user fees. Police and fire are supported through city managed budgets and federal grants. Your taxes, federal taxes, pay interest only on the debt to the international bankers. The principal is never reduced and it increases yearly as do the interest payments. BECAUSE you federal tax dollars are virtually wasted, thrown out the window into the pockets of the Warburgs, Morgans, Kuhns, Loebs and others, additional revenue is required to fund the USA. Thus, we have sales tax, property tax, liquor tax, gasoline tax, cigarette tax, tolls, permits, licenses, registrations, fees, gift tax, inheritance tax, your electric bill is taxed, your cable is taxed, your phone is taxed, and almost everything that can be taxed is taxed. Because were giving the global bankers almost half a TRILLION dollars a year in interest payments or what is most of the collected federal taxes. In fiscal year 2013 the US paid 415 BILLION dollars in interest alone which did nothing at all to reduce the national debt. In fact it grew. Below are our yearly payments covering the last 5 years. 2012 - 359 BILLION 2011 - 454 BILLION 2010 - 413 BILLION 2009 - 383 BILLION 2008 - 451 BILLION Since 1988, the last figures I was able to find, we, you, me, Conrad and the rest of the American people have paid 8 trillion, 567 billion dollars to the international bankers in INTEREST on our many loans for the privilege of borrowing their money. And those loans continue to grow. Paying wage taxes supports global banking, not the U.S. government or Americans. Heart disease, cancer, strokes, respiratory diseases, diabetes, and Alzheimers disease claimed about 1,650,000 American lives in 2007, when the government spent about $9.6 billion researching ways to alleviate those illnesses. In contrast, terrorism had claimed about 300 lives per year on average over the previous decade, but $150 billion was spent in 2007 to prevent terrorism, not including even more costly defense and war expenses. The US government is not only deceptive about its financing and our debt payments, if we examine its budgeting we can clearly see it also doesnt really give a shit about you or me. I wonder why we arent taught all of these things in school?
Posted on: Sat, 26 Oct 2013 01:07:21 +0000
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