By John Blythe
The photograph above is one that I found on the internet and it is meant to be funny, although it certainly illustrates how ignorant America has become on just about everything, while we continue to experience increased decline at an accelerated basis.
Newsflash: We’re not a superpower anymore and we’re not number 1 anymore!
For the third year in a row, we have had an annual budget deficit of over $1.3 trillion. Unfortunately, many Americans have no idea how staggering this is becoming. Since 1976, we have had negative trade deficits every single year because the United States does not produce enough of its own product. In other words, we spend more than what we take in. America has become the principal world consumer, if you will.
Currently, the U.S. federal tax revenue is roughly over $2.2 trillion, while our national debt is more than $14 trillion and the unfunded liabilities is now more than $116 trillion.
Does anyone have any idea how much $116 trillion is? It is unsustainable. This is the money that is supposed to be used for Medicare and Social Security programs. So for someone that is currently 25 years of age, by the time they turn 65, that is if the United States is even in existence at that point, they will most likely not receive any of those benefits.
According to the National Inflation Association, even if you taxed everyone in this country 100% of their personal income, it still would not be enough to fully fund the U.S. Federal Government. Even if the antisemitic sycophant himself, George Soros gave his entire multi-billion fortune to the government, it would only fund this nation’s budget deficit for about two weeks. But we have people out on Wall Street shouting tax the rich!
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