Letter to the Editor
Look Who is Cooking the Books
Like all corporations the Federal Government has both assets and liabilities. We currently have a National Debt of over $30 trillion dollars , our Nation has assets of over $194 trillion dollars.
In fiscal year 2015, the federal government 's investment portfolio grew $14 trillion dollars and Federal government had a total budget of $3.8 trillion dollars.
The Federal government took in $10 trillion dollars more than it spent, but claimed it was necessary to raise taxes to cover a fictitious deficit.
Instead of paying for the cost of running the government by transferring the funds, Congress continues to borrow more and more money while raising taxes. While the people suffer, the bankers, lawyers and politicians get richer and richer at the expense of the people,
Congress could pay off everyone's mortgages pay off all student loans instead of using the money to fund the future pensions benefits of federal employees. Last, but not least we could end the collection of income taxes.
© 2025 Created by Keith Broaders.
Powered by
