Tuesday, April 18, 2017

Deadbeat Government

A “deadbeat” is defined as a person who is idle, feckless, or disreputable. This is a person who deliberately avoids paying debts. a loafer; sponger. a person who neglects their responsibilities, This is a lay about, loafer, idler, sponger, good for nothing bum, This is a wastrel, a person who wastes time and money.


A “parasite” is a person who habitually relies on or exploits others and gives nothing in return.


Federal revenue for 2016 was quoted to be $3.5 Trillion. Federal spending for 2016 was quoted to be $4 Trillion, US GDP was quoted to be $18.8 Trillion.  The US National Debt is $20 Trillion.US federal unfunded liabilities total $100 Trillion.


If you made $35,000 in 2016 and spent $40,000 and have unfunded liabilities of $1,000,000 you would not be qualified for a mortgage loan of $200,000. So, why does the federal government overspend? The US federal government overspends, because they can print money. But printing money has always caused inflation.  The US dollar of 1913 is now worth 3 cents. Government always debases the currency to pay off their debts.


In 1966, a good family income was $10,000 a year.  In 2016, a good family income is $100,000 a year.  By 2066, a good family income would be $1 Million a year. Are you ready for that?


Norb Leahy, Dunwoody GA Tea Party Leader

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