The formal title is
President's Private Sector Survey
The first 2/3 of the income tax is either wasted or lost. Of the remaining 1/3, every dime of IRS income tax goes to private lenders for interest only on the exponentially escalating national debt. This fact was revealed by the Grace Commission (PPSS) in the Reagan Administration. Not one dime goes to reduce the national debt or run our government. Therefore, Congress must borrow more to pay for its ways to help the people by helping them out of their money. Congress does this by borrowing from the unconstitutional Fed, raising taxes to pay the debt to the owners of the Fed, and raiding the Social Security Fund, which is now missing $4 trillion. Clinton stole $10 billion from the Social Security Fund to bomb Kosovo. That could have given the retired people a nice raise. Those people did not pay into Social Security all their lives to enable Clinton to bomb Kosovo, or to raise the national debt by letting Congress cook the books.
Common sense reveals that the national debt continues to increase, since nothing goes to reduce it.
Following is documentation:
The Grace Commission Report (PPSS) Cover Letter from the NTIS .
At this site you will see how Clinton got his fingers into the Grace Commission Report. It appears Clinton tried to hide the original Grace Commission Report. You decide. It also comes up at this address.
Senator Inhofe tried to get in on the act.
Senior Executive Service (SES) was deemed too lax by the Grace Commission. This is an interesting read.
Social Security Fund
Raided by Congress to balance the budget
The so-called Social Security Trust Fund is now missing $4 Trillion
Raided by Clinton for $10 to 20 Billion to bomb Kosovo
National Debt increases exponentially. ( ex )
The PPSS shows that no revenues are used to lower the national debt while Congress keeps borrowing against it. It has to go up. And with the use of compound interest, it must rise exponentially. [For compound interest and its effect on the working man, see the plus factor and the minus factor. ]
Lee Iacocca said the national debt in 1981 was $1 trillion; in 1985, $2 trillion; and expected the deficit to hit $3 trillion by 1988. (Iacocca, Talking Straight, 207-209) “That means interest payments skim 25 cents off the top of every tax dollar. ... I wish I could say there's an end in sight. But if the debt keeps piling up at the same rate that it has since 1980, it's going to hit $13 trillion by the year 2000: That's fourteen times the debt in 1980. ... And yet every month the government is spending $17 billion more than it takes in.” (Ibid, 209) Making money on money exceeded wage income by 53 % in the 80s (Galbraith, Culture of Contentment, 92). The federal government was consuming over 50 percent of the nation's credit in the 80s (Iacocca, Autobiography, 340).
Go to Tax Stuff
Go to the Controls List
Go to the Uhuh opening Title Page
Interested people have checked out this
Grace Commission Report
since Election Day, 2005
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