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The National Debt issue – A perspective

– “The Legacy of Easy Eddie ….. Or, Stop Being Stupid Part 1”
By Anna Von Reitz

“The IRS and FBI found out about this nifty trick accounting when they were investigating —- and prosecuting —- Al Capone. They liked it so much that the “Government of the United States” officially adopted it following the Second World War.
The concept is simple. Split the “streams of income” into budgeted and non-budgeted categories. Then present only the budgeted amount for public notice and discussion. People will naturally assume that the budgeted amount is all there is and not ask about the non-budgeted income—-which becomes a giant secret slush fund.
That’s what happens every year at every level of government. A budget is proposed and seconded and everyone gives all their attention to the amount budgeted and everyone assumes that that is all there is to discuss, the only money available.”
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Posted by Steve on May 9, 2017 at 12:01 am | Permalink

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