By John Paluska, Founder of The Daily Fodder
It's no secret the Coronavirus stimulus packages went mostly to corporations owned by billionaires with billions of dollars in corporate bank accounts saved up instead of you and me. But, in addition to that disturbing fact, that billionaires received billions of dollars while we only got $1200, the hidden fact the media doesn't seem to care about is that the deficit has been spiraling out of control and the national debt has risen by 20% since the bailouts began.
Just like in 2008, another crisis helped the Fortune 500 corporations but screwed over small businesses and employees. But the question on everyone's mind is how in the world this can change and how we can even pay for it.
As it stands, Americans, collectively, will have to pay a staggering 80,000 DOLLARS to end the national debt. This is more than TWICE the average American's salary. How are we possibly going to manage that if we continue to take money from all of us and simply hand it to Bill Gates, Jeff Bezos, and George Soros though taxation?
Right now, according to the Bipartisan Policy Center, the 2020 Deficit is at 2.77 TRILLION DOLLARS. This is the highest the deficit has ever been in our country's entire history. But politicians like Nancy Pelosi and Chuck Schumer didn't care. They voted through the CARES act that got us here. They opted for a policy that gave billionaires and their corporations TRILLIONS of dollars and now they are footing US the bill.
If we do nothing at all, the Deficit will OVERTAKE this year's actual budgetary funding. According to the Congressional Budget Office, the Budget revenue will be 3.6 trillion dollars (note: this was in January, BEFORE nationwide lockdowns, meaning the actual revenue will likely be much MUCH smaller).
Hopefully we can V.O.T.E. in 2020 and end this oppression.
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