Inflation1 – In FY 2023 the Bureau of Engraving & Printing reports $163,189,024,0002 printed in US currency. “We the People” are seeing the reverse of American production, increase of foreign dependence, and a shift from America first to the rest of the world first. Our government is putting politics before the American people. We are not safer, and we are not prospering. Americans are suffering from higher food, fuel, and housing costs.3 Congress has used the past few years events, such as the Russian-Ukraine war, the Covid 19 pandemic, and immigrant welfare, to produce and waste4 billions to trillions of US dollars, the result of this recklessness has left Americans with a weakened, inflated, and unstable economy.
Debt – As of July 30th, 2024, the US national debt at 11:51 AM CDT was $35,001,278,179,208.5 Objectively speaking, debt is considered bad and 35 trillion is very bad. The US government fiscal responsibility is very poor if existent. Government spending is a black hole, and alien creditors are crawling out of it. In FY 2020,6 the US budgeted $345 billion on net interest payments and just three years later in FY 2023,7 the budget was $659 billion that’s $314 billion more than 2020, almost double in three years. The amount of debt congress has amassed is a serious problem for our country. In fact, in FY 20237, the US government budgeted $821 billion to national defense, which means interest payments are only $162 billion away from exceeding what we budget for our national defense, that’s outrageous, and as of 2024 Japan seconded by China are the largest foreign debt holders.8 Every single dollar spent appeasing US creditors is a dollar less going towards infrastructure, business, education, protection, and the success of the American people.
Federal Spending –
Disbursements to Foreign Countries9
2021 - $49 Billion
2022 - $69 Billion
102023 - $66 Billion
Foreign Aid in Equipment
Aid To Ukraine:11 “To date, we have provided approximately $53.7 billion in military assistance since Russia launched its premeditated, unprovoked, and brutal full-scale invasion of Ukraine on February 24, 2022…” – U.S. Department of State
Foreign Manufacturers
Quote:12 In 2023, “Exports were $3,053.5 billion, up $35.0 billion from 2022. Imports were $3,826.9 billion, down $142.7 billion from 2022.” -BEA U.S Dep. of Commerce
And import13 is fine, but when the US government stifles interior production, through mandatory shutdowns, climate regulations, and curtailing of internal resource harvest and production, they effect US export in a negative way which means our country and our businesses profit less than a foreign entity.
Overspending but the People don’t see the Profit
Isn’t the US government supposed to protect and defend the people and our rights? Americans are struggling to make it, and other countries are receiving our tax dollars. This is wrong, Americans should never come second. Change policies, change laws, change where the money goes, take action! If the next generation can’t afford to buy a new home, if the current generation can’t afford groceries, and if the generation that has worked for over 60 years can’t live a great retirement because inflation has made their retirement funds worth pennies on the dollar, the US government shouldn’t be wasting trillions of dollars on ridiculous climate policies14, foreign conflicts, and inconsequential government subsidies. The American people should be put first. Fund the military, fund the police, fund the backbone of America, protect Americans, serve Americans, support Americans, that’s what our government needs to get back too!
“We mess up, government doesn’t do very well. For example, we spent 7 ½ billion dollars to do charging stations after more than two years we’ve got seven of them… There won’t be alignment where the market is, the government’s not that smart.” Senator Ron Johnson (WI) July 31, 2024, Hearing on Electric Vehicle Industry15
1 Inflation, consumer prices (annual %) - United States | Data (worldbank.org) The Road to Inflation: How an Unprecedented Federal Spending Spree Created Economic Turmoil | The Heritage Foundation
2 Annual Production Reports | Engraving & Printing (bep.gov)
4 Festivus-2023.pdf (senate.gov)
5 Understanding the National Debt | U.S. Treasury Fiscal Data
6 Monthly_Treasury_Statement_Report_092020_BOOK.pdf (Figure 2 Page 4)
7 Monthly_Treasury_Statement_Report_092023_BOOK.pdf (Figure 2 Page 4)
8 Which countries own the most US debt? (usafacts.org)
9 ForeignAssistance.gov - Dashboard
10 The year 2023 features incomplete data, so the amount currently reported as spent may change with additional information.
11 U.S. Security Cooperation with Ukraine - United States Department of State
15 Hearing on Electric Vehicle Industry | C-SPAN.org (At Approximately 1:38:20 & 1:40:00)
