OUR VAT MONEY: Gov’t Debt & Debt To GDP Expected To Rise Even With Almost $2 BILLION In Projected VAT Collection

OURMONEYBetween January of 2015 and June of 2018, the government says it expects to collect almost $2 BILLION FROM US IN VAT. TWO BILLION DOLLARS FROM OUR POCKETS TO THE TREASURY. Remember, we were originally told that our VAT money would be used to cut into our debt levels.

So then why does the government’s Budget say that GOVERNMENT DEBT IS GOING TO INCREASE EACH YEAR DURING THAT PERIOD, AND THE IMF NOW SAYS DEBT TO GDP WILL ALSO INCREASE FOR THIS YEAR AND NEXT YEAR? Continue reading