- Joined
- Dec 22, 2005
- Messages
- 66,431
- Reaction score
- 47,470
- Gender
- Male
- Political Leaning
- Independent
i emphasized the portion of your posts which prompted my participation in the threadWrong, the National Debt is caused by the U.S. Govt. spending more money than it takes in. The Federal Reserve doesn't spend a dime, it is the Congress that spends the money and creates the debt. Notice the difference between revenue and expenses?
Receipt 2010
Individual Income tax 898.5
Corporate Taxes 191.4
Total 1089.9
SS/Unemploy/Other 864.8
Excise Taxes 66.9
2021.6
Expenses
Defense 696.1
International Affairs 45.2
Gen. Science, Space 30.9
Energy 11.5
Natural resources/env 41.6
Agriculture 23.2
Commerce -82.9
Transportation 92.5
Community Dev 24.5
Education/Train/Social 125.1
Health 369
Medicare 451.6
Income Security 624
Social Security 706.7
Veterans Benefits 108.4
Justice 55.2
General Govt. 18.1
Net Interest 196.9
Total 3537.6
it was apparent you were ignorant of the feds role to bridge the gap between revenues and obligations
no need to thank me for setting you straight