Just added Statics on Debt for 2011 at bottom of page.
In 1915 there were no revenues from Income Tax.
Well that was because no one paid any Income Tax.
45% revenue was spent on Defense (war).
In 1916 there were Income tax revenues. I guess someone between 1915 and 1916 figured they needed to tax peoples income.
Over 47% revenue was spent on Defense (war).
It is all rather interesting to see how income Revenues and Spending compares from year to year however.
One can track the changes in social spending as well. Do visit the Source, you will find it all rather interesting.
Amounts in $ billion
About one quarter of the Budget is Spent on Defense ( War) 728.7,
Add that to interest paid 243.9 on money that was borrowed.
War + Interest = about one third of the spending.
Total spending is 2,931.2
Revenue however is only 2,521.2
They are of course spending more then they receive in Revenue, as a result are running a deficit, meaning they will have to borrow money to cover their spending.
This means also more interest will have to be paid the following year or years.
This adds to the Debt for future generations.
Go to source for 1902 to 2008 and see how things have changed over the years.
Who they have borrowed money from?
Who do the American people owe?
Foreign owners of US Treasury Securities (April 2008) Nation (in billions of dollars) are
Mainland China 502
United Kingdom 251.4
Oil exporters 153.9
Caribbean banking centers 115.4
Hong Kong 63.1
Republic of China (Taiwan) 42.6
South Korea 40.5
All other 154.2
Grand Total 2,601.8 =About 25 %
Other creditors include
The United Arab Emirates,
About 52% is the privately owned Federal Reserve
What is interesting about this, Bush is working on convincing Americans to go to war with some of the very people that have lent the US money. Now isn’t that SPECIAL??
Now if you look at this way, it is a bit easier to understand. I like to simplify things. Sometimes when you simplify it is easier to grasp the concept of a senerio.
So you lend your neighbor money, then he bad mouths you to all the other neighbor, then comes and blows your house up.
He kills your wife, kids, aunts uncles, cousins. grandparents and a few of your friends.
Then says he did it to rescue them, from the mean nasty father namely you.
Of course what the rest of the neighbors didn’t know,
You were nice enough to lend the murder money.
They actually thought he the murder was a nice guy.
He sure could BS his way into their hearts and minds.
He even took some of the money you lent him and paid one of the other neighbors money, to help him blow up your house.
Well you know sooner or latter the rest of the neighbors will find out what he did and yes he should go to jail.
Not much of a neighbor is he. Not someone you really want as a friend.
Turns out a whole lot of other neighbors, lent him money too.
Oh yes it gets more interesting all the time.
He also went around bad mouthing them too. Well the nerve of him.
He was also trying to get some of the other neighbors, to go blow their houses up too.
What and S.O.B.
Well everyone finally had a neighborhood meeting and found out what was really going on.
They found out the murder was a drug dealing, drug doing, low life, lier.
Boy is everyone pissed off when they find out the truth.
Well wouldn’t you be a bit angry or downright furious?
Think about it?
Anyway Back to the task at hand.
The national debt equates to $30,400 per person U.S. population, or $60,100 per head of the U.S. working population, as of February 2008.
Of course now that the Bailout Bill of about 810 billion has been implemented keeping in mind &00 Billion + $110 Billion in other areas and the 612 billion for Defense Spending has been put in place that will increase substantially. More borrowing, more interest, More Debt.
This is also like dating a drug addict. They just can’t quit. Their drug of choice is War.
Now from what I understand they will to save money, cut anything but Defense spending as a matter of fact it has grown year after year and has become a staggaring burden to the American people. So if they tell you they need to cut social spending or pension plans that is pure BS if anything should be cut it would be Defense spending. War is not a nessesity.
If they try blaming their problems on the Poor which have been doing for years it is not now or ever was the poor it was always War that drove the American people into deficit and debt. Because of their war addiction they have also created poverty not only in America but in the countries they have invaded.
Because of absolute mismanagement, the American people are being driven onto the streets and becoming homeless. The middle class are becoming the poor. Children are going hungry. Innocent people are dieing due to lack of Health Care. For others their debts due to medical bills or job losses are also causing them to lose their homes.They are the new homeless folks. You could be next. You could end up on welfare. Many have because of mismanagement.
Cause and affect. If you know the cause you can cure the problem.
The shaded countries are one which have a U.S. military presence through bases and/or a significant number of troops in 2005. They have more now.
Department of Defense, Base Structure Report, FY2005 Baseline and Active Duty Military Personnel Strengths by Regional Area and Country as of December 31, 2005.
A Study of the History of US Intelligence Community Human Rights Violations and Continuing Research
By Peter Phillips, Lew Brown and Bridget Thornton
This research explores the current capabilities of the US military to use electromagnetic (EMF) devices to harass, intimidate, and kill individuals and the continuing possibilities of violations of human rights by the testing and deployment of these weapons. To establish historical precedent in the US for such acts, we document long-term human rights and freedom of thought violations by US military/intelligence organizations. Additionally, we explore contemporary evidence of on-going government research in EMF weapons technologies and examine the potentialities of continuing human rights abuses.
Just added November 2 2011
Who owns US Debt for 2011
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars), HOLDINGS AT END OF PERIOD
Last Column on the right is
% change, June 2010 to April 2011
Country April,11 Jan,11 June,10 %
|Carib Bnkng Ctrs||138||166||179||-22.8|
Another source had a few other details mot in the above one.
$14 Trillion in Debt, But Who Owns All That Money?
Jul 22 2011,
Total Holdings of US Treasuries: $121.9 billion
Percent of US Debt that they own: 0.9%
Social Security Trust Fund
Total Holdings of US Treasuries: $2.67 trillion
Percent of US Debt that they own: 19%
The Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds invest exclusively in special issue bonds that are only available to the Social Security trust fund. These are not publicly traded securities, but they still constitute a huge amount of debt.
The Privately owned Federal Reserve
The Treasury owes the Fed $1.63 trillion in Treasuries, much of which were bought for the Quantitative Easing programs.
That’s 11.3% of US debt, much more than China.
Total Holdings of Treasuries: $1.16 trillion
Percent of US Debt that they own: 8%
Total Holdings of US Treasuries: $959.4 billion
Percent of US Debt that they own: 6.6%
The ‘Household Sector’ does include hedge funds, by the way
Total Holdings of Treasuries: $912.4 billion
Percent of US Debt that they own:
State and Local Governments
Total Holdings of US Treasuries: $506.1 billion
Percent of US Debt that they own: 3.5%
Private Pension Funds
Total Holdings of US Treasuries: $504.7 billion
Percent of US Debt that they own: 3.5%
Total Holdings of Treasuries: $346.5 billion
Percent of US Debt that they own: 2.4%
Money Market Mutual Funds
Total Holdings of US Treasuries: $337.7 billion
Percent of US Debt that they own: 2.4%
State, Local, and Federal Retirement Funds
Total Holdings of US Treasuries: $320.9 billion
Percent of US Debt that they own: 2.2%
Total Holdings of US Treasuries: $301.8 billion
Percent of US Debt that they own: 2.1%
Total Holdings of US Treasuries: $300.5 billion
Percent of US Debt that they own: 2%
Oil Exporting Countries
Total holdings of Treasuries: $229.8 billion
Percent of US Debt that they own: 1.6%
Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.
Total Holdings of Treasuries: $211.4 billion
Percent of US Debt that they own: 1.5%
Total Holdings of US Treasuries: $153.4 billion
Percent of US Debt that they own: 1.1%
Caribbean Banking Centers
Total Holdings of US Treasuries: $148.3 billion
Percent of US Debt that they own: 1%
The Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama, and British Virgin Islands all function as offshore financial centers. Of course, they invest in Treasury Securities as well.