Submitted by: Nancy Battle
GOVERNMENT HAS GONE ROGUE
I know that this will comes as a shock to you, but what I am about to tell is absolutely true. We have been told that the United States has a 16 trillion dollar national debt and that we had a 1.3 trillion dollar budget deficit in 2012. This statement is both true and false. It is true that based upon our budget, the government is spending more money than it collects collecting in taxes. Last year we allegedly spent 3.8 trillion dollars and collected only 2.5 trillion in tax revenue. On the surface it appears that we had a 1.3 trillion dollar deficit. When the investment return on the governments invested assets are considered we actually brought in substantially more money than the government spent.
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