How much money spent for Warfare/Welfare causes comes from...
Submitted by oldskoolpatriot on Fri, 10/02/2009 - 12:20
Looking for some answers with this question in today's environment.
How much money that is being spent for Warfare/Welfare causes comes from actual direct taxation....... rather then Foreigners buying our debt and the counterfeit machines being used to to cover shortages?
I was looking for a rough breakdown
I believe Ron Said in End the Fed after the creation of the Fed in 1913 the real WW1 spending breakdown was something around
60% coming form Foreigners buying our debt/expanding our credit
25% coming from the counterfeit machines
15% coming from direct taxation.
If anyone can give some numbers for today or cite something that would be much appreciated.
Thanks!
»
I always like to let
I always like to let Beardsley Ruml do the talking when it comes to that topic. He was chairman of the Fed Bank of NY back in the 40's. He was also part of the Bretton Woods Conference.
"he admitted that, because of the Fed's ability to tax via inflation, "Taxes for Revenue are Obsolete" – the title of an essay Ruml published in the January 1946 issue of American Affairs. As Ruml wrote, "given control of a central banking system and an incontrovertible currency [that is, a fiat currency not backed by gold], a sovereign national government is finally free of money worries and need no longer levy taxes for the purpose of providing itself with revenue. All taxation, therefore, should be regarded from the point of view of social and economic consequences."
read that last sentence a few times
So anyway, whatever numbers they might publish about 40% here and 22% there, I think is a load of crap meant to keep people barking up the wrong tree.
oldskool: This super debt clock tells you the whole story.
This is all in real time.
What the numbers turn!
http://www.usdebtclock.org/
From what I hear
just because they are over budget or they have no money to cover that, doesn't mean there is no money. If what I hearing is correct, THE UNITED STATES CORPORATION only budgets about 10% of actual money that is received in revenue. the rest is either reinvested or payed to unknown shareholders.
Anyone got any information on this to verify or denies this?
I think the closest you'll get is the Grace Commission report
from 1984. It's a good start. Quick answer to your question: Zero
Explore Orthodox Christianity
I second that notion
I second that notion
Have you tried the GAO?
Government Accounting Office should have some stats, eh?
WE ARE GOING TO WIN!
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) /)' '( )
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I phoned the GAO and they
I phoned the GAO and they directed me to Bureau of the Public Debt at the Treasury
http://www.treasurydirect.gov/call.htm
1-202-504-3502
Suppose to call me back
Lets find out how much comes from 1) Taxation 2) Printing Money 3) borrowing from others to expand our Credit.
Patriot4Liberty1776
oldskoolpatriot AWESOME!!
I hope they have an acceptable response immediately!!!
WE ARE GOING TO WIN!
___.---.___
.' ( ) '.
) /)' '( )
',_( ';-;'\_,'
|-|
(")
Good idea
Good idea Granger.
"Democracy is the road to socialism"
~ Karl Marx
Patriot4Liberty1776
Very, very interesting question
and I've thought about that in the past. Wish there were a definitive answer.
Thanks... Hopefully someone
Thanks... Hopefully someone has some rough numbers we can use. I know this is the place to ask, a lot of us are pondering similar thoughts when it comes to funding the welfare/warfare causes.
Patriot4Liberty1776
Patriot4Liberty1776