Have you heard of the Grace Commission?
Have you ever heard of the Grace Commission?
I hadn't until recently. It was a report requested by President Ronald Reagan in 1982 to find out where the federal dollar went.
According to my research, The Grace Commission confirms the allegation that the income tax revenues go 100% to pay the interest on the national debt and not a single nickel of it goes to the government. Whatever government services we have, they are not being financed by the income tax.
Sources like this are important because many of you think I make most of this stuff up, or am simply a victim of paranoid influences.
The Grace Commission report states very clearly: our income tax dollars are used to pay back the interest owed to the Federal Reserve.
I hadn't until recently. It was a report requested by President Ronald Reagan in 1982 to find out where the federal dollar went.
According to my research, The Grace Commission confirms the allegation that the income tax revenues go 100% to pay the interest on the national debt and not a single nickel of it goes to the government. Whatever government services we have, they are not being financed by the income tax.
Sources like this are important because many of you think I make most of this stuff up, or am simply a victim of paranoid influences.
The Grace Commission report states very clearly: our income tax dollars are used to pay back the interest owed to the Federal Reserve.
Interesting but ultimately it can't be true. First, the report is hardly definitive about what "waste" is and more importantly, its not possible for all the activities of the government to be unfunded. No matter how off track things might be, that is simply not possible.
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No one is saying the government is going unfunded. There are other sources of income besides personal income tax. There is corporate income tax, for one, which is perfectly legal according to the Constitution.
Just saying something can't be true doesn't make it not true.
The Grace Commission happened. Historical fact.
They reported that revenues from personal income tax go to repaying the debt accrued from borrowing money from the Fed. That they reported this is also historical fact.
You may disagree with their findings, but where is the proof or evidence?
I don't like a lot of what I report, but until I see some evidence, I have no reason to disbelieve this.
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