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You are here: Home / Archives for Government Spending

Government Spending

January 4, 2023 By Sam Bushman

The U.S. Congress Gave Standing Ovations To A Nazi Thug | Chuck Baldwin

Published: Thursday, December 29, 2022

The corrupt, genocidal Nazi leader of Ukraine, Volodymyr Zelensky, was recently given several standing ovations by members of Congress at the U.S. Capitol. House leaders even set aside the rules requiring appropriate attire for admittance to “The People’s House” and let the little tyrant wear his Naziesque combat fatigues when addressing our representatives.

Of course, Zelensky was in town demanding that the U.S. provide billions more dollars for his stupid—and hopeless—war with Russia. This was a war that Zelensky could have easily avoided but instead deliberately chose to incite.

A few days after his embarrassing visit to the U.S. House of Representatives, Congress obliged the little dictator with 45 billion additional taxpayer dollars for Ukraine, which brings the ongoing total to $100 billion that U.S. taxpayers have donated to the world’s most corrupt government.

Jacob Hornberger has a terrific analysis of Zelensky’s appearance before Congress:

Yesterday, Ukrainian President Volodymyr Zelensky appeared before a joint session of Congress to plead for more billions of dollars of U.S. taxpayer money to help Ukraine in its war with Russia.

One particular sentence in Zelensky’s address caught my attention: “We Ukrainians will also go through our war of independence and freedom with dignity and success.” The sentence prompted an enormous applause from the members of Congress.

There is one big problem with Zelensky’s statement, however. The war between Ukraine and Russia has nothing to do with freedom. Instead, it has everything to do with NATO, the old Cold War dinosaur that ginned up the crisis that led to this highly deadly and destructive war.

Operating through NATO, the Pentagon was insistent on incorporating Ukraine into NATO. Zelensky too wanted Ukraine to join NATO. For at least the last 25 years, Russia has made it clear that Ukraine’s joining NATO was a “red line” for Russia. The last thing Russia wanted was Pentagon bases and nuclear missiles installed on Russia’s border, just as the last thing that the Pentagon would want is Russian bases and nuclear missiles stationed in Cuba. Russia consistently made it clear that if Ukraine crossed that “red line,” Russia would invade Ukraine to prevent Ukraine from joining NATO.

Thus, everyone knew what the stakes were if the Pentagon, NATO, and Ukraine persisted in making Ukraine a member of NATO. They knew that if they persisted, Russia would end up invading Ukraine.

Knowingly, deliberately, and intentionally ignoring and disregarding Russia’s “red line,” the Pentagon, NATO, and Ukraine continued down the road toward making Ukraine a member of NATO, knowing full-well that that would result in a Russian invasion of Ukraine to prevent that from happening.

Thus, prior to Russia’s invasion of Ukraine, Zelensky was faced with a fateful choice. If he decided that Ukraine would not join NATO, there would be no Russian invasion of Ukraine. If he decided that Ukraine would join NATO, there would be a Russian invasion of Ukraine, one that was certain to result in massive death and destruction on both sides.

Zelensky chose the second option. In making that choice, he was saying that the deaths and suffering of tens of thousands of his citizens and the destruction of his country were worth Ukraine’s joining NATO. That’s quite a choice. Another president might have decided the massive death and destruction that would be unleashed in such a war would not be worth joining NATO.

In any event, the war between Russia and Ukraine is not about freedom, as Zelensky said to Congress. It’s about Zelensky’s wish to have Ukraine join NATO.

And let’s keep in mind that NATO was part of the old Cold War racket that was used to justify the conversion of the U.S. government from a limited-government republic to a national-security state, which is a type of governmental structure that wields totalitarian-like powers. When the Cold War racket suddenly came to an end, the old Cold War dinosaur NATO should have gone out of existence, just as the Warsaw Pact did.

[But] the Pentagon and its “defense” contractors were clearly not ready to let go of their Cold War cash cow.

That’s what NATO’s absorption of former members of the Warsaw Pact was all about. By installing U.S. military forces and missiles ever closer to Russia’s border, the Pentagon’s aim was to incite a Russian reaction, which would then bring back the lucrative Cold War racket. Thus, the Pentagon knew exactly what it was doing when it persisted in absorbing Ukraine into NATO. And it clearly got what it was aiming for — a renewal of its Cold War racket and ever-increasing taxpayer-funded largess.

One of the unanswered questions is how much of the $100 billion in U.S. taxpayer money that U.S. officials have given to the Ukrainian government has been used to line the pockets of Ukrainian officials. After all, Ukraine is one of the most corrupt regimes in the world. There is no reason to believe that the Ukraine-Russia war has suddenly converted Ukrainian officials into honest and honorable government officials.

Finally, there is something else to consider that is of critical importance. The federal government’s debt now exceeds $31 trillion. U.S. officials, led by President Biden, continue spending money like there was no tomorrow. That includes almost a trillion dollars being given to the Pentagon to keep us “safe” from the threats that it itself induces. Ever-increasing federal spending, debt, taxation, and monetary destruction constitutes a grave threat to the freedom and well-being of the American people. In pleading with Congress to give the Ukrainian government even more billions of dollars of U.S. taxpayer money, it’s too bad that President Zelensky gives short shrift to the continued destruction of our own freedom and well-being here at home.

Here’s Tucker Carlson:

“So the leader of a foreign government, dressed in a sweatshirt, waltzes into the United States Congress and starts demanding money, and then has the gall to tell the people sitting there who are giving him tens of billions of dollars more of your money that it’s not charity, it’s an investment,” Carlson told his prime time audience that night.

“Where do you get off talking to us like that?” Carlson continued. “Do we hate ourselves so much? Do we have so little respect for the US that we put up with that, applaud it?” 

And you really need to read this excellent exposé by Kurt Nimmo of Senator Lindsey Graham and his fellow warmongers within the U.S. government.

But make no mistake about it: Zelensky is a Zionist Nazi—and those terms are not contradictory.

Mark Weber and a handful of other courageous truth-telling historians have documented how Zionist leaders in Europe worked hand in hand with Adolph Hitler’s Nazis in promoting the Zionist agenda.

On this basis of their similar ideologies about ethnicity and nationhood, National Socialists and Zionists worked together for what each group believed was in its own national interest. As a result, the Hitler government vigorously supported Zionism and Jewish emigration to Palestine from 1933 until 1940-1941, when the Second World War prevented extensive collaboration.

Until late 1938, the Zionist movement flourished in Germany under Hitler. The circulation of the Zionist Federation’s bi-weekly Jüdische Rundschau grew enormously. Numerous Zionist books were published. “Zionist work was in full swing” in Germany during those years, the Encyclopaedia Judaica notes. A Zionist convention held in Berlin in 1936 reflected “in its composition the vigorous party life of German Zionists.”

The SS was particularly enthusiastic in its support for Zionism. An internal June 1934 SS position paper urged active and wide-ranging support for Zionism by the government and the Party as the best way to encourage emigration of Germany’s Jews to Palestine. This would require increased Jewish self-awareness. Jewish schools, Jewish sports leagues, Jewish cultural organizations — in short, everything that would encourage this new consciousness and self-awareness – should be promoted, the paper recommended.

Himmler’s security service cooperated with the Haganah, the Zionist underground military organization in Palestine. The Haganah was kept well informed about German plans by a spy it managed to plant in the Berlin headquarters of the SS. Haganah-SS collaboration even included secret deliveries of German weapons to Jewish settlers for use in clashes with Palestinian Arabs.

In early January 1941 a small but important Zionist organization submitted a formal proposal to German diplomats in Beirut for a military-political alliance with wartime Germany. The offer was made by the radical underground “Fighters for the Freedom of Israel,” better known as the Lehi or Stern Gang. Its leader, Avraham Stern, had recently broken with the radical nationalist “National Military Organization” (Irgun Zvai Leumi) over the group’s attitude toward Britain, which had effectively banned further Jewish settlement of Palestine. Stern regarded Britain as the main enemy of Zionism.

An important Lehi member at the time the group made this offer was Yitzhak Shamir, who later served as Israel’s Foreign Minister and then, during much of the 1980s and until June 1992, as Prime Minister. As Lehi operations chief following Stern’s death in 1942, Shamir organized numerous acts of terror, including the November 1944 assassination of British Middle East Minister Lord Moyne and the September 1948 slaying of Swedish United Nations mediator Count Bernadotte. Years later, when Shamir was asked about the 1941 offer, he confirmed that he was aware of his organization’s proposed alliance with wartime Germany.

That Zelensky, a Zionist Jew, would identify with Nazism and Fascism is not paradoxical at all. At its center, Zionism embodies the dictatorial ideals of both Communism and Fascism. Never forget that the Bolsheviks were mostly Zionist Jews—and that includes both Marx and Lenin.

Remember, too, that Benjamin Netanyahu is himself a fascist.

Marwan Bishara recently wrote an explanation of this reality in an article entitled Netanyahu, the godfather of modern Israeli fascism.

Fascism has been on the minds of Israel’s friends and foes alike since “the Jewish State” held its latest elections and its former Prime Minister Benjamin Netanyahu began negotiations to form a new coalition. Warnings about Israel “heading toward a fascist theocracy” or “sleep walking into Jewish fascism” have multiplied.

Washington has thus far remained largely silent even as several prominent American Jews spoke against the fascist menace that emerged from the Israeli ballot box. Rather than addressing concerns directly, the Biden administration spinelessly suggested that it would judge Netanyahu’s next government “based on its policies, not personalities”.

If Trump was, well, reckless, Biden is an accomplice.

But make no mistake, the problem of fascism in Israel lies less with the extremist parties that will be part of the next government and more with their enablers – Netanyahu and his chauvinistic Likud party which long strove for a Jewish state dominating both sides of the Jordan River.

In his autobiographical monstrosity, Bibi, My Story, which is part self-aggrandisement, part propaganda and part fascist manifesto, Netanyahu dedicates a chapter to his late father, Benzion. He boasts of his record as editor of a publication aptly named Hayarden (The Jordan), and as a leading voice in the militant revisionist movement which insisted upon the Jewish right to sovereignty over the whole of historic Palestine. Revisionist fighters, who eventually founded Likud’s predecessor Herut, were infamous for their terrorist operations before and during the 1948 war of independence.

That year, a number of leading Jewish voices, including Albert Einstein, Hannah Arendt and others, described the Herut Party in a public statement published in the New York Times newspaper as a “political party closely akin in its organisation, methods, political philosophy and social appeal to Nazi and Fascist parties”.

In short, those who continue to doubt that fascism is an impending danger for Israel, are not paying attention.

Every U.S. congressman who gave the Nazi leader from Ukraine a standing ovation owes Germany’s Nazi leader an apology.

© Chuck Baldwin

Filed Under: 1News, Criminal State, Fascism, Government Spending, U.S. Congress, Zionists Tagged With: Congress, Fascism, National Debt, NATO, Nazis, Ukraine, Volodymyr Zelensky, Zionists

September 8, 2022 By Sam Bushman

Biden’s Student Debt Forgiveness Scheme is Unforgivable

From The Desk Of Ron Paul

President Biden announced last week, he would be “forgiving” student loan debt, something that he does not have the constitutional authority to do.

And as I explain in my latest column, what Biden is really trying to do is transfer the debt of higher-income Americans onto the backs of lower-income Americans.

Not only that, but if allowed by the courts, the 300 to 500 billion dollar (or more!) price tag is going to exacerbate the economic crisis that is already unraveling.

This “forgiveness” is no act of nobility; it’s a travesty, and people need to understand its true nature.

Please read my latest column below, and if you’re moved to do so, please pass it along to other patriots you know.

—Ron Paul

Biden’s Student Debt Forgiveness Scheme is Unforgivable

Last week, President Biden announced he is creating a new program forgiving 10,000 dollars of student loan debt for those with income under 125,000 dollars a year. The amount rises to 20,000 dollars for borrowers who are Pell Grant recipients. Biden flip-flopped on the issue as he previously denied that the president has the authority to create a new student loan debt forgiveness program. He now claims a 2003 law allowing the Education Department to waive or modify provisions of federal student financial assistance programs to help students affected by war, other military operations, or a national emergency gives him the authority. Biden says debt forgiveness is necessary because of a continuing covid national emergency.

It seems odd that Biden would claim covid is a national emergency when even the Centers for Disease Control (CDC) has stopped recommending lockdowns, masks, and “social distancing.” A broad student loan forgiveness program also does not seem to fit the purpose of this statute, which was to provide student loan forgiveness for military personal, first responders, and others engaged in fighting the “war on terror.” Another basis offered for the president having the power to cancel the loans is a provision in the 1965 Higher Education Act that gives the Education Department limited authority to modify or forgive student loan debt. Given the Supreme Court’s recent decision narrowing the scope of a federal agency’s ability to unilaterally enact major new policies based on limited grants of authority, it is a definite possibility that the courts will overturn the student loan forgiveness program.

If the courts uphold the president’s action, then as many of 43 million Americans could have significant amounts, or even all, of their student debt forgiven. Of course, the debt does not go away; instead, the “forgiven” debt will simply be added to the national debt to be paid by the taxpayers either in the form of direct taxes or the hidden inflation tax. Thus, these loans will be paid off in part by taxpayers who did not go to college, paid their own way through school, or have already paid off their student loans. Since those with college degrees tend to earn more over time than those without them, this program redistributes wealth from lower to higher income Americans.

The student loan forgiveness will add between 300 and 500 billion dollars to the national debt. This is a greater increase in debt than the supposed “deficit reduction,” which consists of tax increase and expanding the IRS, contained in the phony Inflation Reduction Act.

President Biden also announced he is extending the student loans payment moratorium through the end of the year. “Temporary” federal benefits are rarely, if ever, truly temporary. When the time comes for the moratorium to expire, Congress will almost certainly extend it in response to pressure from constituents who benefit from the program, which includes colleges and universities in Congress members’ states and districts. The expectation that more student loan debt will be forgiven will also encourage more students to take out loans and will give colleges a new incentive to raise their tuition. This will raise the cost of the student loan and loan forgiveness programs.

Increasing debt caused by expanding student loans and loan forgiveness will increase pressure on the Federal Reserve to keep interest rates low, leading to continued price inflation and an eventual major economic crisis. A step in avoiding this and reversing course is convincing a critical mass of people to understand that the welfare-warfare state and the fiat money system that underlies it are impractical and immoral.

 

Filed Under: 1News, Economy, Government Spending Tagged With: Biden Administration, Inflation, Joe Biden, National Debt, President Biden, Student Debt Forgiveness, Student Loan

August 26, 2022 By Sam Bushman

If The IRS Wants To Find Lost Tax Dollars, It Should Look In Ukraine

By Chuck Baldwin
August 25, 2022

I’ll begin with a quote from my good friend Thomas DiLorenzo who wrote an outstanding column that appears on LewRockwell.com:

The Biden administration’s “Inflation Reduction Act” will increase inflation with hundreds of billions in additional government spending and money creation by the Fed while making supply chain problems even worse with onerous new corporate taxes, especially on energy, and myriad new “Green New Deal” environmental regulations.  Increased government spending and reduced production will cause higher prices, not lower.

To collect all the new taxes for this latest election-year spending binge the administration is proposing to spend some $80 billion to more than double the number of IRS agents, hiring 87,000 new ones, 70,000 of which are reported to be armed.  The Democrat party wants a standing army of armed tax collectors to enforce its will.

Americans once fought a revolution over such acts of tyranny.

Yes, indeed.

And at the same time that the would-be tyrants in Washington, D.C., are preparing to go door-to-door with an army of federal agents assigned with the task of taking the last cow or chicken from the peasants for Caesar’s taxes, they have also sent billions of our hard-earned tax dollars to another would-be tyrant: the little neo-nazi Volodymyr Zelensky in Ukraine.

My friend Ron Paul writes:

There is a video clip making the rounds showing President Biden speaking at a recent NATO summit about the seven billion dollars the US government had – at that time – provided to Ukraine. Attached to that is another clip showing the horrific state of several US major cities, including in Pennsylvania, California, and Ohio. The video of American cities is shocking: endless landscapes of filth, trash, homelessness, open fires on the street, drug-addicted zombies. It doesn’t look like the America most of us remember.

Watching Biden bragging about sending billions of dollars to corrupt leaders overseas with American cities looking like bombed-out Iraq or Libya is US foreign policy in a nutshell. The Washington elites tell the rest of America that they must “promote democracy” in some far-off land. Anyone who objects is considered in league with the appointed enemy of the day. Once it was Saddam, then Assad and Gaddafi. Now it’s Putin. The game is the same, only the names are changed.

What is seldom asked, is what is in this deal for those Americans who suffer to pay for our interventionist foreign policy. Do they really think a working American in Ohio or Pennsylvania is better off or safer because we are supposedly protecting Ukraine’s borders? I think most Americans would wonder why they aren’t bothering to protect our own borders.

A reported 200,000 illegals crossed the border into the US in July alone. You can believe they are learning quickly about the free money provided by the US government to illegals. They’ll probably get a voting card as well.

Last Friday the Pentagon announced that yet another $775 million would be sent to Ukraine. As Antiwar.com reported, it was the eighteenth weapons package to Ukraine in six months. Has there ever been a more idiotic US intervention in history?

Supporters of this proxy war may celebrate more aid to Ukraine, but the reality is that it is in no way aid to Ukraine. That’s not how the system works. It is money created out of thin air by the Fed and appropriated by Congress to be spent propping up the politically-connected military-industrial complex. It is a big check written by middle America to rich people who run Raytheon and Lockheed Martin. Americans watch their budget being stretched to the limit while the Beltway fat-cats loosen their belts to continue enjoying the gravy train.

Bloomberg reported earlier this summer that inflation is costing the average American household more than $5,200 this year. Inflation is a tax on middle class and poor Americans. The wealthy – like those who run Raytheon and Lockheed Martin – always get the new money first, before prices go up. The rest of us watch as the dollar buys less and less.

As Washington salivates over fighting Russia in Ukraine, the rest of America feels like we’re becoming Zimbabwe. How long until it takes a trillion dollars for a loaf of bread? Will there be a run on wheelbarrows?

There is a way out. It’s called “non-interventionism.” The war in Ukraine was caused by the US regime change in 2014 and the neocon insistence that Ukraine join NATO. The State Department and CIA thought it was a great victory to overthrow the elected government, but meanwhile the rest of us get the bill. No NATO and not one more penny for Ukraine!

Not only is Washington spending billions overseas in another attempt at regime change and in support of some of the most evil thugs on the planet, the money—as usual—is being totally wasted.

Paul Craig Roberts has an excellent analysis of exactly the way the war is going in Ukraine—a truthful analysis that the propaganda media in the West will NEVER tell you. Several people have repeated it, but it seems to be the ancient Greek writer and poet Aeschylus who famously said, “In war, truth is the first casualty.”

The U.S. media would have you believe that all of these billions of dollars of weapons and munitions that our tax dollars have sent to Ukraine are really helping to “restore democracy” in Europe and are helping to defeat the Big Bad Bear.

Friends, we are being duped again!

Here is Dr. Roberts’ report (I urge you to read the report in its entirety) of what is really happening to all of our military support for the gangster Zelensky and his band of neo-nazis, criminals and mercenaries:

Unlike the Whore Western Media William Schryver Provides the Accurate Picture of Russia’s Destruction of the Western-trained Ukraine Military:

The “Demilitarization” of Ukraine has been precisely the Russian mentality in Ukraine. Their foremost objective, from the very beginning, as explicitly articulated by President Vladimir Putin in his historic speech of February 24, 2022, was to “demilitarize” Ukraine – to destroy its army.

When the war began, the most capable, experienced, well-armed, and well-positioned Ukrainian forces were NOT in Kiev, but in the Donbass and Mariupol. They had been positioning there for months, with the ultimate objective of retaking the Donbass and Crimea – a goal never far from the minds of Ukraine’s ideological and political leaders.

Indeed, they spoke of it openly and without qualification. They strongly believed the strength of their armed forces, after eight years of preparation, had reached a point where it was capable of actually achieving that objective.

Their benefactors in NATO encouraged them to believe this – for it was also NATO’s fondest dream to raise its banners over the naval base at Sevastopol, and thereby wield dominance over the entire Black Sea and the Bosporus.

Pursuant to this and many other geostrategic objectives – arresting Russian resurgence foremost among them – NATO had been providing arms to Ukraine for years, and those arms shipments were expanded and accelerated dramatically in late 2021.

Tens of thousands of Ukrainian troops had been trained in the use of these NATO armaments. And, as was known to anybody paying even casual attention, thousands of western intelligence operatives, special forces, and mercenary contractors (predominantly American, British, and French – and lots of them) were embedded with front-line Ukrainian forces, where several have since been killed or captured, and a substantial contingent still remains.

Many of these western troops are there primarily to coordinate the reception, interpretation, and “actionable” use of highly prized and even more highly classified US/NATO “ISR” (Intelligence, Surveillance & Reconnaissance) data.

The army the US/NATO built in Ukraine, by the beginning of 2022, had swelled to become the largest and best-armed land force in Europe. By almost every metric, it was more potent than the combined armies of Germany, France, and Italy.

The Ukrainian military was purpose-built to serve the interests of the American Empire in its long-established goal to cripple Russia and prevent it from ever again being able to wield global influence; to effect its ultimate dismemberment and reduce it to a faint fragment of its former status and glory – to realize the geopolitical objective expressed in the popular cold-war-era board game RISK, which erased Russia from the world map.

The Russian decision to invade Ukraine in late February 2022 was motivated by and predicated upon all of these factors in aggregate, and was hastened by the widespread Ukrainian artillery strikes on the Donbass region that had commenced weeks previously.

The result of this . . . operation was that, over the course of several weeks, the Russians effectively “fixed” over 100,000 Ukrainian troops and their equipment in the vicinity of Kiev, took control of key transportation nodes and corridors between Kiev and the Donbass, and simultaneously conducted a major offensive to encircle and annihilate the 20,000-strong Ukrainian army group in Mariupol, a highly strategic port city on the coast of the Sea of Azov.

The forces in Mariupol included the notorious neo-Nazi “Azov Battalion”, whose arming and training had long been a US/NATO priority, and they were considered to be one of the most formidable components of the Ukrainian army.

The forces in Mariupol also included many dozens of NATO “advisors” (CIA, special forces, and so-called “contractors”). Also present were ~2500 foreign mercenaries, most of them NATO veterans of the wars in Iraq and Afghanistan.

While potential reinforcements remained idle and immobile in and around Kiev, the powerful force in Mariupol was methodically surrounded and systematically annihilated in an operation I am confident will be studied in war colleges for generations as one of the most impressive prosecutions of urban warfare ever executed.

As matters stand here in early July, it is now incontrovertible that the Russian operation in the Donbass has been an overwhelming victory. It is, in my estimation, the most impressive management of a quasi-urban battlefield in modern history. The original force, consisting of over 60,000 of the best-trained and best-equipped soldiers in the Ukrainian army, has been effectively destroyed. It has suffered catastrophic losses of its experienced, NATO-trained professional cadres. Its massive losses of personnel have been partially replenished by poorly trained territorial militia troops, but its even more massive losses of heavy weaponry cannot be replenished.

Also read Scott Ritter’s excellent analysis that augments Dr. Roberts’ report.

In other words, the billions of U.S. taxpayer dollars invested in the U.S.-backed government of Ukraine were as wasted as the billions of taxpayer dollars invested in the U.S.-backed government of Afghanistan.

Every military conflict in which the U.S. engages only serves to enrich the war profiteers mentioned by Dr. Paul and further enslave the citizens of this country with punishing monetary inflation, recession, business closures, job losses, etc., as well as further construct a quasi-military Police State here in what was free America, as noted by Dr. DiLorenzo.

If the IRS was truly interested in finding lost tax dollars—which it’s NOT—it should look in Ukraine, AND in Afghanistan, Bosnia, Haiti, Iran, Iraq, Kenya, Kosovo, Kuwait, Lebanon, Libya, Nicaragua, Pakistan, Somalia, Syria, Uganda, Yemen, ad infinitum.

But that’s not the goal. The goal of the Maoists in Washington, D.C., is to use the IRS to manipulate, intimidate, demoralize and terrorize THE PEOPLE OF THE UNITED STATES.

The only real question is: How long will the American people put up with it?

© Chuck Baldwin

 

Filed Under: 1News, Economy, Global War, Government Spending, War Tagged With: Biden Administration, Foreign Policy, Military Industrial Complex, NATO, Non-Interventionism, Russia, Tyranny, Ukraine

August 16, 2018 By Sam Bushman

Chuck Baldwin: Donald Trump And The GOP Are Exploding The Growth Of Deficit Spending

Anyone who believes that the Republican Party is conservative, especially in the area of federal spending, is seriously deluded. I have said for years: The only difference between Democrats and Republicans is Democrats want to tax and spend, and Republicans want to borrow and spend; but both parties want to SPEND.  And Donald Trump is no exception.

This recent business report states:

It’s Huuuuuge: US Budget Deficit Under Trump Rises 21%, Widest Gap in Six Years

The US is headed toward its largest annual deficit in six years, according to reports, and new facts released by the Fed point to Trump’s tax laws and heavy military spending as the reason for the spiraling vortex of national debt.

The Trump White House sharply altered its current US deficit estimates up — way up — last week, now projecting that the annual deficit will rise above $1 trillion for the first time since 2013, even as the Fed noted a $76.9 billion deficit for July alone, primarily a result of increased military and government spending as well as deep tax cuts to corporations and the wealthy.

The US Treasury Department — headed by Steve Mnuchin, a Trump pick that many in Congress have dubbed the ‘foreclosure king’ — has observed that in just the first 10 months of the 2018 fiscal year, the US deficit totaled $684 billion, a startling 20.8 percent rise over the same period in 2017.

US government revenue is up just 1 percent in 2018 to date, according to the Fed, as a big drop in corporate tax payments at the hands of the Trump administration has seen tax earnings for the Fed drop significantly.

Total government spending — particularly by the US military — has risen 4.4 percent, according to reports, after Congress boosted corporate-friendly programs and now suffers under the rapidly rising cost of financing an enormous debt, cited by Marketwatch.com.

As interest payments on US national debt jumped an astonishing 41 percent in July, many are wondering whether the system can sustain — nevermind correct — itself, according to Marketwatch.com.

US congressional budget analysts have estimated that the 2018 deficit will be some 19 percent larger than that for 2017.

Republican-authored tax laws and spending boosts approved by a Republican-controlled US Congress are noted to be the drivers of the rapidly increasing national debt, as the Congressional Budget Office (CBO) has now predicted that trillion-dollar US deficits will return by 2020 at the latest.

Another report states:

A government spending spree of potentially historic proportions will play out over the final seven weeks of fiscal 2018, as federal agencies look to spend $140 billion more than they thought they’d get before Congress passed and President Trump signed the omnibus spending bill.

Without a budget agreement in place, agencies spent cautiously through the first two quarters of fiscal 2018 before the omnibus—signed six months late in March—obligated an additional $80 billion for defense and $63 billion for civilian agencies.

Federal agencies, now flush with cash, must obligate that money before the fiscal year ends on Sept. 30 or lose it to the Treasury Department. Analysts believe the federal market will see a monumental effort among procurement officials to spend as much on contracts as possible.

“If agencies are going to spend the extra money in fiscal 2018, it’s going to have to be at a much higher percentage in the fourth quarter than it has been historically,” David Berteau, president of the Professional Services Council, told Nextgov.

And, of course, President Trump just signed the 2019 National Defense Authorization Act (NDAA) into law that approves a $717 billion budget for so-called defense-spending. According to CNBC,

The 2019 National Defense Authorization Act, or NDAA, includes $616.9 billion for the Pentagon’s base budget, $69 billion for overseas contingency operations.

“Overseas contingency operations” means America’s ongoing “War on Terror,” otherwise known as “Wars For The New World Order” or “Wars For Globalists” or “Wars For The Deep State” or “Wars For Israel.” For all intents and purposes, the terms “New World Order,” “Globalists,” Deep State,” etc., all include the same entity: the Zionist State of Israel.

Speaking of the “War on Terror,” if you have not ordered Christopher Bollyn’s blockbuster new book The War On Terror: The Plot To Rule The Middle East, I encourage you to do so quickly. This book dispels the myths and destroys the lies about who and what was behind the 9/11 attacks and what America’s “War on Terror” is really all about. Bollyn is a researcher and investigative journalist who has dared to expose the lies that have cost trillions of dollars and millions of lives—lies that are still the basis of America’s foreign policy and ongoing “War on Terror.” This book is MUST-READING.

And while we are on the subject, the American taxpayers continue to shell out billions of dollars for Benjamin Netanyahu’s Apartheid State.
Stephen Lendman reports:

Israel is Washington’s largest recipient of foreign aid. It’s mostly for militarism and belligerence – billions of dollars annually, far more than to any other nation.

The Jewish state’s imperial wars, occupation harshness, and apartheid high crimes don’t matter – nor its flagrant violations of international law, not even its abusive spying on US military and other operations.

The CIA earlier called Israel its main regional spy threat. The FBI once uncovered a large-scale US-based Israeli spy ring – still active the agency believes.

The Pentagon accused Israel of “actively engag(ing) in military and industrial espionage in the United States.”

Israel tries stealing everything it can get its hands on, including US military and industrial secrets, its main ally and benefactor.

The FY 2019 National Defense Authorization Act (NDAA) includes $500 million for US-Israel missile defense cooperation, $50 million more for the Jewish state’s war on Gaza’s tunnel economy, wanting vital goods it supplies cut off, further strangling its beleaguered people.

The measure authorizes an additional billion dollars to stockpile US weapons in Israel – available for its killing machine, used to terrorize Palestinians, to terror-bomb Gaza and Syria, to partner in Washington’s imperial aggression.

Like America, Israel’s only enemies are invented ones, no others. Both nations wage endless wars without declaring them.

For the first time, the FY 2019 NDAA establishes a cooperative US/Israeli R&D program to enhance countering unmanned aerial vehicles.

On August 1, Senate members passed S. 2497: United States-Israel Security Assistance Authorization Act of 2018 – unanimously without a roll call vote. Rubber-stamp House passage is certain.

The measure amends the 1961 Foreign Assistance Act and Arms Export Control Act. It authorizes additional funding for Israel’s killing machine, “and for other purposes” related to militarism and warmaking.

Congressional support for Israel is virtually unanimous. Both countries partner in each other’s high crimes.

New US funding for the Jewish state’s killing machine increases the Obama regime’s 2016 $38 billion package through 2026 – $3.8 billion annually, up from $3.1 billion a year earlier.

Most often, whatever Israel wants it gets – from the pockets of US taxpayers.

They’re largely unaware how their taxes are misused – for militarism, war-making and corporate handouts at the expense of other vital homeland needs.

All of Trump’s talk about draining the swamp and reining in the federal government is just that: TALK. Trump is spending money like a drunken sailor. No, that’s not really true. A drunken sailor spends his own money—money he has; Trump and his fellow miscreants in Washington, D.C., (from both parties) are spending OUR money—and it is money we don’t have.

Even the way Trump enacts tariffs is dishonest. After levying tariffs on foreign imports—ostensibly to balance the playing field in order to protect American trade interests—Trump turns around and gives billions of dollars to U.S. farmers that are hurt by those tariffs. Where do those billions of dollars come from? The U.S. taxpayers, that’s who. This is nothing more than old fashioned Crony Capitalism.

I’m telling you, Donald Trump doesn’t have an honest bone in his entire body. Like every other statist politician in Washington, D.C., Trump is bankrupting America to finance his Big-Government, Militaristic, Police State, Zionist agenda—all of his outsider, conservative rhetoric notwithstanding.

And still Republicans love him, and evangelical Christians adore him. Go figure.

Truly, no one can get by with out-of-control federal spending like Republicans. No one! Republicans in DC spend money the way Democrats talk about spending money.

As I said, the only difference between Democrats and Republicans is that Democrats want to tax and spend, and Republicans want to borrow and spend. And borrow and spend is exactly what Donald Trump and the Republicans in Washington, D.C. are doing—like there is no tomorrow.

P.S. I, again, urge readers to get Christopher Bollyn’s new blockbuster book The War On Terror: The Plot To Rule The Middle East.

Christopher Bollyn—along with Professor Steven Jones and others—is one of the foremost investigative researchers of the 9/11 attacks whose findings have decimated the official story that 19 Muslim terrorists attacked the Pentagon and took down the Twin Towers in New York City.

In his book The War On Terror, Bollyn shows that the 9/11 attacks were actually part of a much larger international conspiracy and the culprits were not al-Qaeda, Osama bin Laden or militant Muslims in general. Bollyn’s book proves who the real culprits were and also shows how these conspirators have masterminded a perpetual “War on Terror” that is serving several nefarious purposes, including the destruction of America’s liberties.

From the book’s back cover:

The government and media have misled us about 9/11 in order to compel public opinion to support the War on Terror.

Why have we gone along with it? Do we accept endless war as normal? Are we numb to the suffering caused by our military interventions?

No. We have simply been propagandized into submission. We have been deceived into thinking that the War on Terror is a good thing, a valiant struggle against terrorists who intend to attack us as we were on 9/11.

Behind the War on Terror is a strategic plan crafted decades in advance to redraw the map of the Middle East. 9/11 was a false-flag operation blamed on Muslims in order to start the military operations for that strategic plan. Recognizing the origin of the plan is crucial to understanding the deception that has changed our world.

If you don’t read any other book in 2018, read Christopher Bollyn’s new book The War On Terror: The Plot To Rule The Middle East. Order it here:

The War On Terror: The Plot To Rule The Middle East   

© Chuck Baldwin

Filed Under: 1News, Civil War, Government Spending, Israel, Natural Law, NDAA, War

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