Why is the UN still ‘ending Poverty’ after 75 years of ending poverty? Why is $1.90 wage per day used as the poverty line? The International Poverty Line is set by the World Bank. It doesn’t necessarily match any specific country’s own determination – in fact the World Bank’s newly adjusted level is $2.15 per day despite the UN using the old value. The data input is based on clothes, food, and shelter as converted into dollar parity. The means of determining the measurement is via ‘survey data’. Cue – Algorithm. The US is measured at the same level…$2.15
According to The US Treasury Department, there are roughly 45-50 departments within the government that spend Taxpayer dollars. Many of these agencies have accumulated profits converted into assets that invest in the markets to earn some revenue.
Some departments earn no revenue at all – and others, such as Social Security, earns little… to none – as in .0002, or .02%. The agency earning the most revenue is the Department of Health and Human Services – 8%. The NET cost of ALL Federal Agencies is $9.1 Trillion on Revenue of $4.46 Trillion leaving a FY 2023 deficit of $4.64 Trillion. Roughly 50% – deficit. CBO projects deficit spending will be just $2 trillion per year for the next 10 years… But interest alone is expected to near the $1Trillion mark in 2024, representing 25% of total revenue.
“Don’t Worry, Be Happy”!
Assets of our federal government grew to $5.4 Trillion – an increase of $450 billion generated predominantly via property inflation and loans receivable. In a corporate world – this scenario would be ripe for bankruptcy qualification – liabilities of $42.9 Trillion. Maybe the Treasury needs to call in Dave Ramsey to eliminate 2/3rds of the departments that have little value to the economy – because in the words of the World Economic Forum, this is UNSUSTAINABLE.
Superfluous Agencies: 1) Others – if the agencies don’t deserve a heading chances are they are superfluous – SCRATCH. 2) US Postal Service. 3) National Science Foundation. 4) Railroad Retirement Board. 5) Millennium Challenge Corporation. 6) Smithsonian Institute. 7) Department of Education. 8) Security Assistant Accounts. 9) Department of Health & Human Services…
What does HHS do? They fund NIH, CDC, etc…- in total nine subagencies. None of which have accomplished much of anything despite being the LARGEST draw on Taxpayer funding – gross cost $1.8 Trillion.
EXAMPLE:
NIH – what has it accomplished? According to their website – “Noteworthy NIH advances in basic research include charting human genetic variation across the globe, the discovery of lymphatic vessels in the central nervous system, and insights into energy-burning fat cells.” We pay $1.8 Trillion per year for that.
Treasury Department – what do they do? According to their website – “Treasury operates and maintains systems that are critical to the nation’s financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government.” They charge Taxpayers $560 Billion for this service. ADP Payroll Service might be a better option.
Overhauling the entire means of spending Taxpayer funds seems a necessary agenda if we as a nation are going to be ‘sustainable’. The sheer enormity of overspending, agency replication, and fraud is beyond comprehension. Most people have no idea what these agencies do – including their Directors – Pete Buttigieg comes to mind.
The elimination of just those nine agencies, out of 45-50, would reduce our annual costs by roughly $3.1 Trillion. Still, not enough. But it outlines just how many superfluous agencies have been created to bankrupt America.
So, who is running the show? The Biden appointments for Federal Government Positions include: Blinken – Secretary of State, Cohen – CIA Deputy Director, Garland – Attorney General, Haines – Director National Intelligence, Klain – Chief of Staff, Lander – Office of Science & Tech, Levine – Health Secretary, Mayorkas – Homeland Security, Neuberger – NSA, Sherman – Deputy Secretary of State, Yellen – Treasury Secretary. All in all – Biden appointed 56 Jewish persons to his cabinet.
Their job is to serve Americans. Not Africa. Not Ukraine. Not Israel. But that would not be the case in reality. The Federal government is obsessed with the needs of every country BUT America. When determining American’s preferences, the government is rogue. As evidenced by the number of Americans losing the game of money. As in Americans fed false and corrupt statistics. As in endless wars bankrupting America into massive unsustainable DEBT.
WHY isn’t the UN helping Americans? WHY does the UN claim that all its work is focused on Africa? To end Poverty that has not ended in over 75 years? America essentially foots the bill for the UN. WHY? What exactly has the UN done for America –
Poverty in America: According to the federal government poverty in America is caused by inequity and it is no one’s fault. When measuring poverty in the US do the algorithms add in illegals? Census records include illegals. However, when measuring data, the census Bureau is not unlike polls – they have a preselected panel to derive answers to their income & cost evaluations.
In 2020 the Census bureau warned that ‘experimental tables use an experimental estimation methodology and should not be used in comparison to any previous data’. Certain groups are not included: prisons, nursing homes, military, college students, homeless, those under 15. the question of illegals is unanswered.
In other words – like every other algorithm – America fudges… The data is compiled based on the Census Bureau calling their panel and asking, “Hey Joe what was your income? How many live with you?” Gross Income and family size. The last time the Census Bureau measured poverty was in 2016.
The Official means of measuring poverty in the US is to take the cost of minimum food requirements in 1963 and multiply it by 3. In 1963 a pound of chicken was $0.29. Today it is $5.00 – an increase of 1624%. Beef was $.45 per pound. Today it is $6.00 for ground – an increase of 1233%. The The That’s It FOLKS –
One of my pet peeves is the operation of the United States Postal Service and the losses it incurs every year. Some years ago I calculated what individuals pay in postage against what businesses pay. At that time, businesses to send junk mail got as high as 75% discount to what individuals were forced to pay for first class mail. That’s an astronomical discount! Simply because they are mailing in volume. What does that mean?
In addition to the Post Office’s general bureaucratic inefficiency, it means that the taxpayers are subsidizing businesses to send us rubbish mail that most of us grossly dislike. The public is actually paying the advertising costs that belong to running those businesses. For environment-leaning readers it means cutting down trees to send you mail you mostly throw away as a nuisance filling your mailbox.
Thank you for the work you do.
Duane
the postal service is like having a landline – the only ones using it are the advertisers selling something you don’t want –
Crook Biden promised to end poverty, and cancer.
The top way to recognize if someone is a leftist is with spending. Those who always support massive debt are leftists. That makes Mitch, Ryan, McCarthy, Johnson, … many others, leftists.
Privatization is a key method to control spending. Milton Friedman was a very unusual Jew. He had a whole series on PBS proposing rational policies. He argued for privatization of the post office and other things.
Klaus Schwab stated that upon his retirement – last week – the WEF would be run by corporate stakeholders… private and public are now the same.
Helena, I was born when my father was in is 50s, mom in her 40s. He retired as Chief Administrator/Budget Director of the Railboard Retirement Board in 1963. Have his laminated ID to substantiate.
Saw his 1963 1040. His salary? $13,800.
The RRB was at 844 Rush St. inside The Loop back then. It’s been moved to DC, 844 Rush has been razed.
I’m sure there are <1/3 as many RR retirees. And would bet the RRB's current Head Honcho makes north of $5MM/yr. Maybe more.
RR employees are exempt from Soc Sec.
I suggest that we pay everyone in government this minimum wage. No benefits, no travel expenses, just that and nothing else.