Debt and Deficit Facts (since 1900)

usgovernment spending .com / past_spending ^

[fella]

Nobody, in 1900, speculating on the future of government, could have imagined the astonishing growth and scope of government in the 20th century. Nor would they have imagined that, for many people, this gigantic government would seem the very essence of efficiency, compassion, and modernity. But the reason that government has got so big is not, as many claim, the weight of armaments and wars. Instead the money goes for health care, education, pensions, and welfare programs. You can see how it all happened in the United States in the charts below.

[fella]

Tax payers head exploder.

[PGR88]

We have a fiat, printed currency, created out of thin air by the Federal Reserve at manipulated interest rates. This supports massive spending and of course, the massive debt necessary to support it.

As long as Americans, and the rest of the world, accept that currency, Fedzilla can lumber along.

[cctrout]

All of these numbers are wildly understated. Catherine Austin Fitts stated that there was 6 trillion in black budget spending since 2000. Mark Skidmore professor of public finance at Michigan state university tried to debunk the claim. He & his graduate students poured over the budget of just 2 departments DOD & HUD. They found over 21 trillion in unaccounted for spending. This is just 2 departments HHS is double the size of both combined.

[zeugma]

As a shameless plug for my own website, I offer Zeugma's National Debt Pages. Lots of data, lots of graphics.

(There are no ads or trackers on my site)

[Jim Noble]

Here’s the truth. Money remains a medium of exchange, and a store of value.

The invention of mass market credit as money simply separates these two functions, which are always joined in a hard money system.

Now, credit for governments and individuals alike remains a medium of exchange - but the store of value is transferred to the banks which issue the credit.

So, unlike a mint, where when the coin leaves the exchange function and the value stay together, when you buy something with a credit card (or when the government distributes payments), you get the goods and somebody else gets the value.

From age 15-68, I believed this system was doomed to fail, and as a result I have pursued some very foolish financial ventures.

But I was wrong. The system is stable and self-sustaining, and will continue until the bankers hang.

[pilipo]

Thanks. Very nice job.