Look Who is Cooking the Books
The government has $123 trillion of dollars invested in the stock market. According to Walter Burien the city, county, state and Federal governments has $123 trillion dollars of invested assets. The yield on those assets is significantly greater than the cost of government. As a matter of fact 70% of the stock in Fortune 500 Companies is owned by municipal corporationa .
In fiscal year 2015, the federal budget was $3.8 trillion. The Federal government collected a little over 3 trillion dollars in tax revenue and another 14 trillion on the return on their invested assets.
With over 17 trillion dollars in revenue for the year, Congress budgeted $3.8 trillion was allocated to fund the government for the year 2015. The budget is simply a projection on how much the government is willing to spend. The budget does not reveal how much money the government has available.
This information is found in the
Comprehensive Annual Financial Report.
After funding the government, there was a $13 trillion dollar surplus, Today, the government climas to have a National Debt of over $27 trillion dollars, but what they are not telling us is that they have accumulated a net worth of over $123 trillion dollars Click Here
The National Debt is the sum of the annual budget deficits plus the accumulated interest. As the National Debt continues to grow, so does the value of the assets the government is hiding from us.
Replies
The yield on the government's invested assets is significantly greater than the annual cost of funding the government. Taxes are not needed to fund the government, they are needed to control the people.