Does It Mean Anything To You That Republicans Never Had A Problem When Trump Increased The Debt by Over $10 Trillion (Page 5): Soros' Open Society Foundation is a l*****t organization...

dtucker300 Loc: Vista, CA

padremike wrote:

Soros paid $$$$$ the way for over 60 of these worthless criminal loving DA's. The crypto criminal also bought the Senate for you this past e******n. In this age e******ns are bought and the Republic k*****g Left have the moneybags.

Soros' Open Society Foundation is a l*****t organization that has been banned from operating in several countries such as the Philippines, Hungary, Russia, Turkey, Poland, and Pakistan. He uses his Billions to do just what the democrats are always complaining about; the rich buying and influencing e******ns and politicians. But they look the other way when it is for their side. He is a despicable ideological demagogue.

https://jellyfish.news/list-of-206-u-s-organizations-funded-by-george-soros/

Ronald Hatt Loc: Lansing, Mich

Strycker wrote:

The Congress controls the purse strings. Not the president. Who controlled the house, where budget bills originate, when most of Trumps largest busted budgets happened, from 2019 through 2022? That's $8.2 trillion under a Democrat congress.

Wait, & see....if the Republicans can save this Republic, after many years of American Constitutional-betrayal, crime,

& political ignorance....*Under Clinton, & his *"mentally deranged wife", *Obama, & his *W***e A******n hating wife,

{ Muslim indeed!]...Then the *criminal Presidency of Biden, { *former stooge of Obammy}, Criminal in his own right, & still fomenting evil! [ Breeding Evil: H****r}

& breeding a whole family of criminals!

"DEMONCRATS: *GOOD GOD Y'ALL....WHAT ARE THEY GOOD FOR?...[ ABSOLUTELY NUTHIN!}

Milosia2 Loc: Cleveland Ohio

Wonttakeitanymore wrote:

Read on the l*****t bulls**t rags! We the people got more in our paychecks zombie

Yeah , but, as the same vs Reagan pulled you had to pay it when you did your taxes.

Radiance3

woodguru wrote:

No hostage taking over entitlements...nothing, the... (show quote)

=========================
The National Debt is rapidly going up. A week ago, it was $31.42 trillion. Last night as shown in the latest report, it has moved up to $31.52 trillion.

This amount will further climb after the accrued interest is added or paid to the lenders. When the interest rate was raised by Powell 2 weeks ago, and every time Powell raise the interest rates, the National Debts increase.

With the latest interest rate, the debts will incur higher expense to about $800 billion.

This is stupid and non-sense handling of our fiscal policy. I can't stand it anymore. I wish I could stop savage handling of our economy. Purpose of raising interest by Powell was to curb inflation. But that did not. In fact inflation went back higher again.

True Current Inflation Rate? ... Mr. Zuccaro estimates actual current inflation to be approximately 14 to 15%. Consumers know this just watching food price.
Actually, this is more reliable. Check the grocery stores where we consume food daily.
https://groco.com/article/three-reasons-the-fed-is-lying-about-inflation/

JR-57 Loc: South Carolina

Radiance3 wrote:

========================= br i b The National D... (show quote)

The Federal Reserve needs to be abolished.

dtucker300 Loc: Vista, CA

Milosia2 wrote:

Yeah , but, as the same vs Reagan pulled you had to pay it when you did your taxes.

What are you trying to say? Speak English.

Strycker Loc: The middle of somewhere else.

[quote=Ronald Hatt]Wait, & see....if the Republicans can save this Republic, after many years of American Constitutional-betrayal, crime,

& political ignorance....*Under Clinton, & his *"mentally deranged wife", *Obama, & his *W***e A******n hating wife,

{ Muslim indeed!]...Then the *criminal Presidency of Biden, { *former stooge of Obammy}, Criminal in his own right, & still fomenting evil! [ Breeding Evil: H****r}

& breeding a whole family of criminals!

"DEMONCRATS: *GOOD GOD Y'ALL....WHAT ARE THEY GOOD FOR?...[ ABSOLUTELY NUTHIN!}

[/quote]

Wish that I had more faith in the Republicans than the Democrats, but, they have never earned it. Reagan and Trump were on the right track but ran into to much resistance from the bureaucracy and other self serving politicians. Bush, lost my faith with his Patriot Act, Iraq war and holding Democrats feet to the fire on the housing bubble.

Radiance3

A BRIEF OVERVIEW HOW OUR FINANCIAL SYSTEM WORKS:
Please remember, this is not detailed.

The Federal Reserve System:
Just a brief preview of its functions and responsibilities.
There are 7 members or Board of Governors who handle the Federal Reserve Banks..
The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate. These Board of Governors stay in office at least 14 years.

Its core responsibilities include setting interest rates, managing the money supply, and regulating financial markets. It is the Central Bank of the United States. It manages all sub-banks how monetary policies are enforced. E.g. the interest rates, to lenders and borrowers.

The US TREASURY:
The US Treasury is closest to our Federal Financial activities. This is the department that prepares the Federal Financial Statement, quarterly, or every end or each Fiscal Year.

The Department of the Treasury is organized into two major components, the Departmental offices and the operating bureaus. The Departmental Offices are primarily responsible for the formulation of policy and management of the Department as a whole.

The operating bureaus carry out the specific operations assigned to the Department. Our bureaus make up 98% of the Treasury work force. The basic functions of the Department of the Treasury include the following

Managing Federal finances;
Collecting taxes, duties and monies paid to and due to the U.S. and paying all bills of the U.S.;
Currency and coinage;
Managing Government accounts and the public debt;
Supervising national banks and thrift institutions;
Advising on domestic and international financial, monetary, economic, trade and tax policy;
Enforcing Federal finance and tax laws;
Investigating and prosecuting tax evaders, counterfeiters, and forgers.

Our IRS Tax laws are carried out by the US Treasury.
The IRS is organized to carry out the responsibilities of the secretary of the Treasury under section 7801 of the Internal Revenue Code. The secretary of Treasury has full authority to administer and enforce the internal revenue laws and has the power to create an agency to enforce these laws.

Janet Yellen's job is very powerful force concerning our US financial conditions.

The Board of Auditors: GAO:
Function:
GAO is the supreme audit institution for the United States. Federal and state auditors look to GAO to provide standards for internal controls, financial audits, and other types of government audits.

Very Important to CPA's and Accountants:
What is internal Control? They are sets of policies and procedures installed in our accounting operation to protect assets, and compliance of laws.

Internal control is a process designed to provide reasonable assurance that the institution will achieve the following objectives: efficient and effective operations, including safeguarding of assets; reliable financial reporting; and compliance with applicable laws and regulations.

Who prepares the annual or fiscal operating budget?

Congress’s first task in the annual process is to pass a budget resolution creating a framework and setting overall spending limits. As with most things Congress does, its two chambers—the Senate and the House of Representatives—each draft their own budget resolution. The two plans are merged, and each chamber v**es on the identical resolution.

Appropriations Bills
The appropriations committee for each chamber divides the amount allotted for federal agency funding between 12 subcommittees. Each subcommittee is in charge of funding for different functions of government, such as defense spending, energy and water, and interior and environment, and for the agencies involved.

Appropriation bills are created and approved thru the budget process of the House and the Senate. The House and Senate then produce appropriations bills to fund the federal government financial activities. These bills are "marked-up," amended as needed, and approved by the Appropriations Committees.

The downfall of our economic system is not mainly the fault of these Federal Agencies but depends upon the dumb, stupid and corrupt policies of the Administration at large. These time, it is JOE BIDEN and his inept administration appointed to the Cabinet.

Joe Biden and the Fed Have Completely Ruined the U.S. Economy
By Desmond Lachman
https://www.aei.org/op-eds/joe-biden-and-the-fed-have-completely-ruined-the-u-s-economy/

CBO confirmed that the BIDEN AGENDA will worsen our economic crisis.
https://budget.house.gov/press-release/cbo-confirms-bidens-agenda-will-worsen-economic-crisis-caused-by-democrats-failed-policies/

Ronald Hatt Loc: Lansing, Mich

Radiance3 wrote:

========================= br i b The National D... (show quote)

When Geo. H.W. Bush left his presidency....This nations debt, was 3 trillion!

Add Obama, & Fundamental change...13 trillion $, all by his "Lonesome"!...Trump...left a C***d debt, from Obama...

The rest is sad History of Demoncrat mis-management, & "Fiscally" irresponsible politics!

dtucker300 Loc: Vista, CA

Ronald Hatt wrote:

When Geo. H.W. Bush left his presidency....This nations debt, was 3 trillion!

Add Obama, & Fundamental change...13 trillion $, all by his "Lonesome"!...Trump...left a C***d debt, from Obama...

The rest is sad History of Demoncrat mis-management, & "Fiscally" irresponsible politics!

Sorry, but you are incorrect. You better check your figures again. The deficit and debt were about $8 trillion when Bush left office. They doubled under Obama to about $17 Trillion, More than the annual GDP. Both parties are largely responsible after 9/11.

Ronald Hatt Loc: Lansing, Mich

dtucker300 wrote:

Sorry, but you are incorrect. You better check your figures again. The deficit and debt were about $8 trillion when Bush left office. They doubled under Obama to about $17 Trillion, More than the annual GDP. Both parties are largely responsible after 9/11.

WOW....talk about "loony science of the mind"....conspiracy theories of magnitudinous proportions!

I guess your facts, are of a singular nature.....any facts/data, are subject to an audit, by non-partisan parties?

[ No wonder Your are "sorry"!'.....

Radiance3

Ronald Hatt wrote:

When Geo. H.W. Bush left his presidency....This nations debt, was 3 trillion!

Add Obama, & Fundamental change...13 trillion $, all by his "Lonesome"!...Trump...left a C***d debt, from Obama...

The rest is sad History of Demoncrat mis-management, & "Fiscally" irresponsible politics!

===================
Just to make it clear to everybody. You'll notice the expenditure for 2020 for the Trump administration was raised to at least $5 trillion. This was due to C***d19 that started in the US Jan 2020. It cost so much to create rapid ways to prevent and contain the v***s. President Trump was fast to have the Operation Warp Speed enabled the significant decrease of the deaths of the elderly in 2020 and beyond So much measures were enabled to avoid massive death. Various facilities and hospitals were created to isolate those infected and prevent massive spread and infections.

From 2017 to 2019, cost of the Trump administration ranged to at least a little over $1 trillion .

Compared to Biden, in 2021, he expended massive cost of $6.8 trillion, and in 2022, he also spent $6.27 trillion, making the total for 2 years of $ 13.07 trillion, the highest in US history expended for just 2 year period.

For 2023 Budget appropriation by Congress was $1.7 trillion. So many non-essential projects like funding to enhance the L**T programs, expansion of the Ukraine war budget which was found out the corrupt Ukrainians lavishly spent for their own corruptions, and buying of stocks from the corrupt Bankman-Fried, now in jail for his bankrupt FTX.

The Biden administration and the democrat party received from Zelensky commission in the form of donations to the Democrat party. So a percent of our money came back to fund the Democrat party.

No wonder Joe Biden and Zelensky are buddies. And the LIBS treated Zelensky when he came to the US like he is god. While the 18 STUPID Senate GOP's went along with them. Mitch stood proudly alongside with Zelensky. Check their photo.

Radiance3

Ronald Hatt wrote:

When Geo. H.W. Bush left his presidency....This nations debt, was 3 trillion!

Add Obama, & Fundamental change...13 trillion $, all by his "Lonesome"!...Trump...left a C***d debt, from Obama...

The rest is sad History of Demoncrat mis-management, & "Fiscally" irresponsible politics!

===================
HERE IS THE CURRENT STATUS OF THE SOCIAL SECURITY AND THE MEDICARE SYSTEM:
The Democrat's policies under Joe Biden administration, had created our financial crisis.

It was predicted that the SS will last till 2035. Medicare funds will be depleted by 2028. That is not very far. These two very important financial systems that we could not afforded to lose. The employees financed 50% of them. The employers paid 50% for SS and Medicare.

The SS and Medicare needs a very smart and urgent planning how to keep it solvent.
SS and Medicare could not be eliminated. However, these two systems need urgent analysis in order to survive.

1. One idea is increase retirement age, to claim benefits. Since people now live longer, I think increase of retirement age is reasonable.
2. Next is increase premium for both the employer and employee.
3.Third is avoid inflationary measures. Biden did terrible mistake in raising inflation which reduced the value of the retirees. And his option was raising a 8.7% increase in 2023 retirement. This act expedite the insolvency of the funds. Without inflation, SS and Medicare don't need increase in funding.

Some of you may be happy about Biden's increment for 8.7% for SS, but bear in mind that the culprit here is the inflation factor which Biden created. Check your grocery bills. Some went up more than 100%.

This 8.7 % increase expedites the bankruptcy of our Social Security system.
Causes of rapid depletion of the funds.
1. People live longer and therefore continue to be funded.
2. Money expended not prioritized. E.g. Spending for non-Medicare eligibilities,
3. More people stay home receiving welfare funds from Joe, rather than producing, working and contributing to the system every pay day.
4. Rising cost of inflation, resulted to rising operating costs. Drugs, and Medical doctors pay went up along with other healthcare employees

The Social Security and Medicare system is equally funded by the employers, and the employees. The money is remitted to the system every end of the quarter.