The following article outlines the true deficit for last year: $5 trillion. This is theft: pure and simple. Why are we not defending ourselves from an out of control government whose goal is to financially enslave us? Until we understand the consequences of our apathy, here are five prudent steps to take:
Step 1:
We the People have to recognize that the two party system has failed: voting is not the answer.
Step 2:
Protect what little wealth you have left. Get out of the market and convert your assets to barterable goods and commodities.
Step 3:
Provide a means to provide a defensive capability for your family under the 2nd amendment.
Step 4:
Build relationships with people you can trust with your children’s lives in the future.
Step 5:
Ask God to increase your faith and provide you with the wisdom to survive with morality and sacred honor.
David DeGerolamo
Real federal deficit dwarfs official tally
The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds.
Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly four times the official number reported under unique rules set by Congress.
A U.S. household’s median income is $49,445, the Census reports.
The big difference between the official deficit and standard accounting: Congress exempts itself from including the cost of promised retirement benefits. Yet companies, states and local governments must include retirement commitments in financial statements, as required by federal law and private boards that set accounting rules.
The deficit was $5 trillion last year under those rules. The official number was $1.3 trillion. Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, according to government actuaries, but the amount was not registered on the government’s books.
