The National Debt has Doubled in a Decade: So What Did We Buy?

–How is Our Tax Money Spent?


 

One Mystery After Another

Well, today I found an incredible online tool to tell you exactly how your tax money is spent. www.usaspending.gov has a tool that lets you know where you’re money is spent, and even more importantly how we don’t know which portions are spent. What are they spending it on? Well, using this tool, you can see as much transparency as you’re going to get. In spite of this, much of it isn’t up to date, but all of the available data paints in 4k.

 

For example, I made it my mission today to look into a peculiar entity called The Export-Import Bank of the United States. It has around a $780,000,000 budget. Of this budget, for the fiscal year 2018, $649,000,000 is unreported. The recipient of the highest reported amount was made to Guident Technologies Inc. You can visit Giudent on LinkedIn here, but if you try to link to their website, it hasn’t been set up. This is in spite of the fact that they are an IT company, specializing in government data storage. Still, they are a private contractor. You would think, like other recipients of the Export-Import bank’s money, they would at least have a website. For an IT company, lack of a website is not the best image.

What We Can Figure Out

To make the swamp-waters even nearly opaque, the $649 million dollars that isn’t accounted for. In 2017, the Export-Import bank only received $217 million dollars, $80 million of which is still unaccounted. Over 60 million went to pay salaries. This is aside from paying Guident Technologies well over a million dollars to run databases. The inspector general of the Export-Import Bank made $5.9 million dollars. Since Trump has claimed to drain the swamp, the budget for this organization has tripled, with nearly a billion dollars in unaccounted for expenditures.

Some of the smash hit investments this incredible institution has made include Enron and Solyndra. In 2012, the bank gave over 80% of its loans to Boeing customers. I would only surmise that among those loans, Ethiopia and a number of 737 airplanes were included. The whole institution appears to be a bipartisan slush fund for the Government to pay back the corporations that pay to elect them. So in order to be more fiscally responsible, we tripled the budget of this institution.

Get Rid of It

Frobes contributor Doug Bandow wrote in 2014,”The agency piously claims not to provide subsidies since it charges fees and interest, but it exists only to offer business a better credit deal than is available in the marketplace. The Bank uses its ability to borrow at government rates to provide loans, loan guarantees, working capital guarantees, and loan insurance.”

This one of many swamp waters that our President has promised to drain, but as of this year, the Export-Import bank has already spent nearly 40 million dollars.  $14,430,000 dollars have been spent on Personnel Compensation. I ask, “To do what exactly?” They have already given over $600,000 to the Omni hotel, a rather lavish place to stay in D.C. I have stayed there. It was a one-night thing because it is a luxury place where breaking a teapot may mean you have to sell your car to pay them back.

What these guys are doing with the budget is ludicrous. Trump has not mad good on his promise to drain the swamp. In fact, he has made it murkier. We’ve already spent 1.7 trillion dollars, and a significant chunk has gone to the Export-Import Bank, an entity that pays incredible salaries to do things of which no one is really sure. By all means, triple their budget again next year and then declare a budget cut. It’s time for the President to deliver on his promises. I would fear the wrath of supporters who may turn against him.

 

All stats can be found using this amazing tool.

Here is a video showing how Forbes tracked Department of Defense Lobster Spending: Lobsters eat fish dookie.

 

21 thoughts on “The National Debt has Doubled in a Decade: So What Did We Buy?

  • Otherwise they’ll feel although you are ignoring these questions very response-oriented
    forum. Many print shops will a person to have a photo printed on cloth.
    Several releases various other important legal information.

    Malaysian Spammer. Selling knock off shirts….before it was watches.

  • It is a fact that an online casino is created
    strictly for diversion purposes only. However, problems
    occur because some use it as a form of escape. Whenever they win, they notice it as a
    approach to appease their inner needs, thus addiction happens.

    You should play having a positive frame of mind that definitely will
    win a jackpot. If you do not then need to have try harder for the next time.

    Make sure that you don’t spend your valuable funds on one single slot
    device.

    Site like Full Tilt and Bodog are sending hundreds of entrants between them,
    and PokerStars 12 months will send over 2000 players for the WSOP several 1700 already qualified right now.
    With these regarding numbers it is no wonder that a constantly expanding connected with players are learning
    the and honing their skills by playing internet on-line poker.

    There is addiction each and every particular activity receives associated with
    attention. Thus, what might be a better way than to divert that attention to
    something more worthwhile.

    You’ll ability to play more freely if you don’t have to worry
    about losing your hard-earned money that yourself devote the vessel.
    You’ll be inside a position take calculated risks, and you can participate in the games just
    by the fun of it instead of obtaining bogged down by tactic.

    Since real slot games are highly popular, software developers
    must continually develop newer and versions lest players become bored with
    everything. So, make sure in on the rollex11 casino online download uncover new activities.
    Plus, you will appreciate the clear and colorful graphics and
    the realistic sounds, both that significantly support the enjoyment of the games.

    The neat thing would be that skeptical is real and anybody who is a real dare will definitely get it entirely and without any second thoughts or drawbacks.

    The amount of money is real and much have pocketed it.
    A person could be one for the great who’ve made their approach on the top social ladder by analyzing
    making easy but greater decisions as they simply have longer benefits
    looking forward to you.

    High card – If none of hands provides above mentioned hands, then this player which the
    highest card will win the pot. Texas hold’em has become very popular and is actually
    always a extreme fun game. Players should never assume possess to already trained in in the online poker rules, because every casino operates the rules differently.
    And also of guidelines may change. Be sure you investigate the rules, terms and condition before start off placing the initial bet
    on online casino poker.

  • Hey there! This is my first visit to your blog!
    We are a collection of volunteers and starting a new initiative in a community in the same niche.
    Your blog provided us beneficial information to work on. You have
    done a extraordinary job!
    Is your small community full of competent programmers that have a working knowledge of XSS?

    • ∑X$$? I am going to the kernel to see if you got me.yadidigyadadagigyadadahahaha. I would be willing to help you write better comments and increase your success rate exponentially. If you are interested; just comment.

  • Let us assume that a roulette has generated the following pattern: r, r, r, b, b, b,
    r, (a red/black example). Instances due to heavy rush you probably have to
    wait a bit to find out a vacant seat.

  • I blog frequently and I really appreciate your content. Your
    article has truly peaked my interest. I am going to bookmark your
    blog and keep checking for new details about once a week.
    I opted in for your RSS feed as well.

  • Again, there is really a tester kit to guidance.
    First aclnowledge that in life ‘stress comes in.’ A devil yoou know is much better than one
    have to have. It’s on the left side of Eleuthera near GHB airport.

  • I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog, I will keep visiting this blog very often.

  • Once i write this, I would say those threee are still
    Google, Aol!, and MSN. At this stage, the website iss actually huyrting
    business. You can make your comments thoughtful and fair.

Leave a Reply

Your email address will not be published. Required fields are marked *

WP2Social Auto Publish Powered By : XYZScripts.com
%d bloggers like this: