Posted on 05/31/2023 8:21:44 AM PDT by SeekAndFind
The President and many members of Congress want to keep borrowing money and don’t seem to care about whether their expenditures are essential or non-essential, nor do they seem to care about the very real and perilous ramifications of overspending.
From 2012–2022, interest payments on debt held by the public totaled $3,593 billion; interest payments on intragovernmental debt holdings totaled $1,919 billion. The grand total in interest payments amounted to a hefty $5,512 billion.
Who is benefitting from owning our debt?
The top foreign owners of U.S. National Debt are Japan, China, UK, Belgium and Luxembourg. Other holders of our debt include state and local governments, pension funds, insurance companies, U.S. banks, mutual funds, and savings bonds investors. Intragovernmental debt is held by various agencies and entities within the U.S. government.
In addition to wasting money on interest payments, Congress has been lax about government waste and fraud, and their spending on non-essential projects during a time when we should be belt-tightening is inexplicable. Fortunately, all this waste hasn’t gotten by Senator Rand Paul, who has been tracking all the wasteful spending and reports on it annually. Every citizen should read his annual Festivus report at the following link.
In the report, Senator Paul details a whopping $482,276,543,907 of waste in 2022.
How do you think the over half a million homeless Americans would feel about our spending $2,100,000 to encourage Ethiopians to wear shoes (NIH)? $50,000,000 to boost the Tunisia travel sector during COVID-19 (USAID)? $1,700,000,000 to maintain 77,000 empty Federal buildings (GSA)? Or, how about the $17,000,000 spent on unused hotel rooms for illegal immigrants (DHS) and the $168,000,000 spent to help illegal immigrants avoid deportation (DHS)?
(Excerpt) Read more at americanthinker.com ...
So we found one NO vote in the Senate. Now we need 50 more.
Paul...stick to COVID analysis.
The other man I think would be a great candidate as president.
RE: Paul...stick to COVID analysis.
What’s wrong with this particular analysis?
Paul is the only sane one there apparently.
Democrats, from the 1960’s, have been:
if they cannot ban it, they attempt to either buy it or at least pay it away;
there has been no problem, municipal, state, or international, that any good democrat cannot find funds necessary to go away, including little wars.
“Any problem that cannot be fixed by any supply of money, is a Republican one.”
The GREATEST threat to our life, liberty, well being, and free pursuits is the $3+ Trillion, 80%+ Unconstitutional Portion of our Federal Government which has now become a Third-World Totalitarian Regime.
Either we dismantle it or it will dismantle us and our Free Constitutional Republic.
If only I could find a way to latch onto that last $3,907 of waste. They wouldn’t miss it and I could pay off some credit card debt.
So Paul can scream to the roof tops...but needs to address the items one by one with a solution to Congress.
There are a few others, Mike Lee, Ted Cruz, Marsha Blackburn and Charles E. Grassley are all usually sane common sense senators.
Totally agree. Lately, the Pete Seeger song “Waist deep in the Big Muddy” keeps rolling through my mind...
That’s step 1.
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