The C.I.A.
Richard Masoner (richardm@cd.com)
Tue, 22 Oct 1996 12:10:43 -0500 (CDT)
> Has anyone else heard about the CIA and how the U.S. is in major
> financial debt? Supposedly each individual American owes $100,000. I
I don't know about the CIA, but the U.S. federal debt is something like
$5,000,000,000,000. So with a U.S. population of 250,000,000 people it
works out to..... $20,000 per person.
Deficit spending of about $250,000,000 each year (that is, we spend
that much more than we bring in) increases the debt. For Fiscal Year
1996, the U.S. treasury has spent $323,000,000,000 -- that's $323
BILLION folks! -- on INTEREST on the national debt. Interest on the
debt consumes 20% of the $1.5 trillion federal budget.
Check out the U.S. Treasury Bureau of the Public Debt has some interesting
info on this topic:
http://www.ustreas.gov/treasury/bureaus/pubdebt/
> My pastor says they'll have to come up with a completely new
> computer system because what they have now is so obsolete and that it
> will cost too much to do that so they'll have to try something new.
The IRS had been undergoing a *huge* project to update all their
computer stuff. I seem to remember reading a newspaper article
that they're way behind and over-budget, though I could be remembering
incorrectly.
> I guess they'll have to give us all a number and keep "good" track of us.
They already do have a number to track you in the form of your Social
Security Account Number.
> They'll know where we go and what we do.
The IRS already knows quite a bit about us. It's what mandatory
reporting and witholding is all about. Makes compliance so much easier
to enforce. I'm of the opinion we should pay are taxes in one lump sum
on April 15, rather than having the money bled from us a little a time
over the whole year. At least I have a year to earn interest on the
money that way.
Richard Masoner