US Treasury Secretary Unclear on the Concept of a “Deficit”

Guest Post by Martin Armstrong

I have both good and bad news. The bad news is that the US government is continually spending with no end in sight. The proxy wars have eliminated even a level-headed discussion of anything akin to a real budget. In a move that angered Treasury Secretary Janet Yellen (also good news) Republicans introduced legislation to reduce funding toward Biden’s IRS army through the Inflation Reduction Act. They still plan to spend billions of taxpayers’ money, but that money will now go toward Israel instead of hunting down those who fund the organization.

IRS.FootballFieldA bit of luck for those who do not want to be harassed throughout the year by 87,000 new IRS agents for something trivial like selling something over $600. The proposal will redirect $14.3 billion in funds to Israel instead of doubling the IRS, angering Treasury Secretary Janet Yellen, who insists America has money for two wars and a standing IRS army. The news comes one week after Biden pledged $105 billion to fight the West’s war in the Middle East. Per usual, these aid packages drastically increase weekly and our elected officials are able to make these crucial decisions without approval from the people.

“We cannot let our national security be undermined in an attempt to weaken our efforts to modernize the IRS – efforts which reduce the deficit, improve customer service for Americans, and make sure that wealthy tax cheats pay what they owe,” Yellen posted to the social media platform, X.

I always question how this woman has a job. She insists Americans are happy with their economic situation, and called the US debt downgrade “arbitrary.” Above she is promoting the propaganda about inflation being transitory. Do not dare to mention the deficit when you continually support massive spending packages with hidden agendas. Yellen herself admitted that the Inflation Reduction Act was really a method to support climate change. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted.

US national debt spiked by $4.8 trillion since Biden took office, and yet he continues to pass multi-billion dollar spending packages that in no shape or form benefit Americans. It is safe to say that those in charge see the people, the Great Unwashed, as enemies of the state. Yellen wants to spend billions on harassing law-abiding Americans because she believes what you earn belongs to the government.

As an Amazon Associate I Earn from Qualifying Purchases
-----------------------------------------------------
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal

-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Click to visit the TBP Store for Great TBP Merchandise
Subscribe
Notify of
guest
27 Comments
Anonymous
Anonymous
November 2, 2023 7:17 am

Heaven help us if they “modernize” the IRS. Just abolish the damn thing.

Pegleg
Pegleg
November 2, 2023 7:22 am

I’m not a economist, but I can foresee that financial collapse from deficit spending and taxing Americans to death will weaken national security. I wonder why Yellen cannot?

Iska Waran
Iska Waran
  Pegleg
November 2, 2023 9:45 pm

Between you & me, I think she’s stupid. She sounds stupid.

Anonymous
Anonymous
November 2, 2023 7:24 am

Yellen, just pay 100% of your income in taxes and I promise the government will take care of you after that! Honest.

KJ
KJ
November 2, 2023 8:27 am

Jews, Jews, and more Jews everywhere I look!

Anthony Aaron
Anthony Aaron
  KJ
November 2, 2023 11:38 am

It would be nice to have a Congress free of them and their influences … and an administration without them in any Cabinet or other high-level positions … just … one … time …

KJ
KJ
  Anthony Aaron
November 2, 2023 1:19 pm

They believe they’ve consolidated enough power and money and propagandized, gaslit, and confused the goyim masses enough that they can now come right into the open and hold public office. No more need to limit themselves to being the eminence griese behind the throne (although they still do that, too).

jews, jews, and more jews?
jews, jews, and more jews?
  KJ
November 2, 2023 8:53 pm

2:9 & 3:9 Revelation

They just say they are.

Lars
Lars
  jews, jews, and more jews?
November 2, 2023 11:25 pm

It doesn’t matter what they ( or we ) say they are. Whatever you want to call them,.they have infiltrated, subverted, corrupted, and / or usurped our institutions and are hell-bent on global hegemony and soft-genociding White pepo.

It doesn’t matter what they ( or we ) say they are
It doesn’t matter what they ( or we ) say they are
  Lars
November 3, 2023 10:39 am

Question of perspective, imho.

Totally/Completely “Matters” for a Yuuge number of reasons. Again, ONLY imho.

Especially after reading The KJV. Barely scratched the surface.

Shocked! Shocked 👁️ say!

The Old Testament? Nearly a continuous saga of Crime & Punishment. However,
ALWAYS a Faithful Remnant. Thank God.

Since 👁️ have started “Seeing & Hearing” differently?

Totally Biblical. The Ending of the Pretending IS here, AND the REAL FUN has not even started.

* Sorry, no room to quote You in the “Name” field. Sure You recognize Your own words, NOT tryin’ to be smarmy.

Iska Waran
Iska Waran
  KJ
November 2, 2023 9:46 pm

Obama’s Treasury Secretary just got confirmed as ambassador to Israel. I think his name is Lack Jew.

KJ
KJ
  Iska Waran
November 3, 2023 1:11 am

There’s no lack of jew in Jack Lew. He’s 6,000,000% jew.

Dangerous Variant
Dangerous Variant
November 2, 2023 9:19 am

Yes, the only point of taxation is the threatpoint of the State monopoly on violence, aka a First Lien on your “liberty”.

The cries of “muh tax dollars” being spent on various boondoggles and self-destructive measures is an important part of the charade to distract from that fact – and that TPTB are busy enslaving your posterity by printing the future into asset-aggregation today that can only be undone through a corollary violence requiring total decoupling from the drip-feed of material comforts of our trickle-down ponzi.

In an “economy” when the most valuable businesses are those that lose money every month but make up for that with volume, taxation is among the only real things they have left to play with.

SchlomoTruth
SchlomoTruth
  Dangerous Variant
November 2, 2023 10:47 am

Taxes serve as a brake on your spending. Most dumbasses still think taxes fund government. They don’t. The conjured jewish confetti comes from thin air. People who believe this also think diversity is a strength.

Jdog
Jdog
November 2, 2023 10:30 am

The people at the highest levels of our government are traitors. All of them. Our country can never be free and prosperous unless these people are eliminated and government is reduced to the bare minimum.

SchlomoTruth
SchlomoTruth
  Jdog
November 2, 2023 10:48 am

Not traitors, just loyal to their true tribe. If we fail to recognize this; who is at fault?

Jdog
Jdog
  SchlomoTruth
November 2, 2023 1:59 pm

Their duty is to serve the best interests of the American people. If they choose not to do so, they are definitely traitors. They are traitors and the penalty for traitors is ……

Anthony Aaron
Anthony Aaron
  Jdog
November 2, 2023 11:39 am

And look at how many of those folks have ‘divided loyalty’ … 

k31
k31
  Jdog
November 2, 2023 3:35 pm

Articles of Confederation would have done a much better job of limiting government. They could not have been any worse.

WTF
WTF
November 2, 2023 10:42 am

I’m looking forward to the day when there is a bounty on their heads.

Arthur
Arthur
November 2, 2023 10:48 am

Larry Summers was right. Maybe he could come back on the job in a wig and a skirt. It would be like a tranny swimmer competing against women.

In a sane world, Yellen would be a sixth grade social studies teacher.

Anthony Aaron
Anthony Aaron
  Arthur
November 2, 2023 11:40 am

Great … then yellen could corrupt the hearts and minds of 6th graders … 

No … it’s bad enough what she does to adults, let alone having her corrupt an entire generation starting with the children.

AKJOHN
AKJOHN
November 2, 2023 11:42 am

She has always creeped me out. Is she an incarnation of the goddess Kali?

k31
k31
  AKJOHN
November 2, 2023 3:36 pm

Does she wear a belt of severed penises?

Anonymous
Anonymous
November 2, 2023 12:02 pm

Just another excuse making pathetic parasite that is consistently wrong at great expense !
Like the majority of those in government employee elected , appointed or hired no accountability or responsibility for the damage their actions cause as the former Republic continues to morph into a police state circling the drain

k31
k31
November 2, 2023 3:34 pm

Maybe Martin could have his Commodore 64 AI teach them how it works.

Jdog
Jdog
November 3, 2023 11:11 am

If 100 million people grabbed ropes and began making their way to Washington DC, the traitors would board planes and run, and then we could start all over, with with people that have had an attitude adjustment.