The budget gap could be closed by imposing a tax of a mere 0.1% on financial transactions, while eliminating not just income taxes but every other tax we pay today, writes ellenhbrown of one possible solution to the federal debt trap.
. For decades, he writes, legacy military contractors have charged the federal government exorbitant sums for everything from fighter jets to basic hardware. Lockheed Martin, for example, has used its monopoly on F-35 fighter jets to profit from maintenance that only they can provide, with the work needed to support and upgrade existing jets projected to cost taxpayers over $1.3 trillion.
This policy,… which sees Washington prioritize unrestrained funding for a proxy war with a nuclear power in a foreign land… while our domestic infrastructure falls apart before our eyes, exposes a disturbing dynamic at the heart of the Ukraine conflict—an international Ponzi scheme that enables Western elites to seize hard-earned wealth from the hands of average U.
Following repeated concerns about fraud, waste, and abuse in the Pentagon, in June 2023 a bipartisan group of senators introduced legislation to ensure the Defense Department passes a clean audit next year. The Sen. Chuck Grassley said the Pentagon “should have to meet the same annual auditing standards as every other agency… From buying $14,000 toilet seats to losing track of warehouses full of spare parts, the Department of Defense has been plagued by wasteful spending for decades... Every dollar the Pentagon squanders is a dollar not used to support service members, bolster national security, or strengthen military readiness.
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