Important facts about our defict, taxes, & the national debt — be an information activist: SHARE!

Wed, 04/13/2011 - 12:21pm — Coffee Party USA

As Congress debates cutting essential programs that affect our future, let's investigate why we have a deficit and a debt problem. Our tax code is full of loopholes created and exploited by big corporations. They spend the millions that they don't pay in taxes to control our government with misleading commercials, political donations, and an army of lobbyists camped out on K Street.

In return, politicians INSIDE our government feign alarm over the deficits created by the tax loopholes their corporate funders have installed, and propose that the difference be made up ordinary people like you and me — by taxes on our pensions and cuts in public safety, job creation, infrastructure, and education.

"Won't this anger the voters?" the politicians ask. "Don't worry, we'll pay for campaign commercials, grassroots movements, and think tanks to distract deceive them," the corporate lobbyists say.

We won't be deceived any longer. We demand that Congress represent We the People instead of corporate campaign funders and lobbyists!

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Get the facts with NPP

Last time we directed our members to National Priorities Project (NPP), their site actually crashed because so many taxpaying Americans wanted to know how their money is being spent. Now, NPP's website is back with a vengeance, and, more bandwidth.

Below are the four charts sited in the video we produced with Jo Comerford, NPP's Executive Director. Click on them and you'll be directed to a National Priorities Project web page with the same graphic, and lots more information.

Source: Budget of the United States Government, Fiscal Year 2012, Analytical Perspectives, Table 28.1, "Receipts, Outlays and Surplus or Deficit by Fund Group," and Table 15-5, "Revenues By Source."

Where is the “borrowed” 53.2 percent borrowed FROM? Click HERE for the answer to this and other FAQ's.

Please note that the rapid increase in the national debt started in the 1980's, when we began allowing large corporations to contribute less than their share. With income levels for We the People stagnant — actually, after taxes, our income has decreased during this period — it's little wonder that our deficit and our debt have grown. Corporations decided to lobby and bully our government so they could contribute less to America. We the People have worked hard and done all we can, but we just haven't been able to make up the difference.

This national debt can no more be blamed on We the People than the Great Recession, but corporate interests and the politicians who serve them are trying to make us pay for both. We will not stand for this.