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Where’s the Money? We Could Have Payed Off the Debt by Now

An MSU economist began to review government documents, and he discovered a more serious waste than we could’ve imagined.

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By Mason Mohon | USA

I doubt it will come as a surprise to anyone when I say that government is the biggest waste of time and money known to humankind. The bureaucratic system has lead money away from the people’s interests and straight into the hands of those with special interests. The incentive system is designed so that the head of a state agency only has to make his case to whoever is funding him, which is usually Congress, rather than meet demand within the market. They don’t even have to do a good job, and usually, they don’t. If a bureaucrat causes another problem, or just pushed off solutions, Congress will give him and his agency more money. The bureaucrat has it great. The worse he does his job, the more paycheck he sees both now and in the future.

Of course, this is a basic economic analysis of the bureaucratic system, and this right here should show why there is so much government waste. Sure, the “consumer” (citizen) has some say in the funding, but all it really amounts to is the ability to make annoying phone calls or vote for someone who might audit the agency. Audits rarely do much, anyway, because they never stop the incentive cycle from continuing. In the long run, the state tries to solve all the problems with a little more money thrown here and there, which has resulted in $20.59 trillion dollars in debt. This big number has fallen by the wayside in American politics. It may be brought up on the debate stage during a presidential election, but no president as of late (or ever, in my so far short life) has taken action to decrease the debt and work to solve the issue.

It gets even worse when we realize that we could have.

Mark Skidmore is a professor of economics at Michigan State University, holding a Ph.D. from Colorado University. He made a very serious discovery while reviewing government spending documents. Starting with the unauthorized transfer of $800 billion dollars from the Treasury Department to the U.S. Army, Skidmore began to see extra spending that wasn’t permissed from one agency to the next. The discoveries began to add up, and Skidmore discovered with a group of graduate students that going back to 1998, $21 trillion in American dollars have gone “missing” in under the table write offs to other agencies.

According to OAN, he tried to talk to the creators of reports he reviewed, but their documents were deactivated before he could get to the bottom of things. The documents were not hidden forever, though, because there are still links to every damning document with a balance sheet.

Skidmore said that “If trillions of dollars are flowing in and flowing out, it appears to be outside of our Constitution and outside of the rule of law,” and “If that’s the case, that really is troubling.” He claims the lack of oversight of this funding is a national security and that the American people should stand up. We needed to stand up a long time ago, but it is even more important now. The government has managed to sneak away enough money to not pay off the debt, and here we are, getting taxed at higher and higher rates as the years go on.

The state is the enemy of sound money management and responsibility. Dr. Paul compared it to an armed teenager with their parents’ credit card, and I wholeheartedly agree. The state cannot keep its ducks in a row, and it is senseless to allow it to manage the most important parts of life. Get active, make noise, buy cryptocurrency, start voting for the libertarians and the anarchists, and work for any anti-state action group that will take you in. This needs to end.

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