National Debt Interest vs. National Defense Spending

A review of why there is more to the story when Politicians state that we are going to spend more on National Debt Interest than National Defense Spending as our National Debt and Interest Expense begins to compound at a faster rate.

Video Link: https://youtu.be/86CC7Bl8VIw

Data Source Links:

Financial Reports: https://fiscal.treasury.gov/reports-statements/financial-report/previous-reports.html

Historical Debt (Civil War Claim): https://fiscaldata.treasury.gov/datasets/historical-debt-outstanding/historical-debt-outstanding

Department of Defense Budgets: https://comptroller.defense.gov/Budget-Materials/

Other Video Links:

National Debt Project Playlist: https://youtube.com/playlist?list=PLfjmtHKB-Q81-FplovX3cGveOrlmtxT1M&si=tfcpETps5wwkznOP

Myself IOUs: https://youtu.be/K8DNCizwMyQ

Optimize the Military Retirement Fund: https://youtu.be/ogp9lwKD6CI?si=99NJp3MjNES5TyCo

The Compounding Military Pension –a Failure in Military Strategic Readiness: https://youtu.be/FVFQ2UJZmts?si=lhkrfqaWFffnRbk5

White Paper Links:

How to “Solve” Our National Debt “Problem” - https://www.watchguardcapital.com/post/how-to-solve-our-national-debt-problem

A Tale of Two Eugenes - https://www.watchguardcapital.com/post/a-tale-of-two-eugenes

Calculating Labor Costs with an Overlapping Generations Model: https://www.watchguardcapital.com/post/calculating-labor-costs-with-an-overlapping-generations-model

Audio Special Thanks:

The U.S. Army Band – The Rifle Regiment

Scrap the Cap on Social Security

A review of the “Scrap the Cap” plan which calls for the elimination of the Contribution and Benefit Base and “Taxing the Rich” to fix Social Security.

Scrap the Cap on Social Security Video Link: https://youtu.be/NJUux4PaIHY

Social Security Links

Contribution and Benefit Base: https://www.ssa.gov/oact/cola/cbb.html

Annual Reports: https://www.ssa.gov/oact/tr/

Trust Fund Investments: https://www.ssa.gov/oact/progdata/investheld.html

Tax Rates: https://www.ssa.gov/oact/progdata/oasdiRates.html Other Links

BLS Inflation Calculator: https://data.bls.gov/cgi-bin/cpicalc.pl

IRS SOI Integrated Business Data: https://www.irs.gov/statistics/soi-tax-stats-integrated-business-data

IRS 2020 Individual Income Tax Returns: https://www.irs.gov/pub/irs-pdf/p1304.pdf#page=5

Social Security Amendments of 1983: https://www.govinfo.gov/content/pkg/STATUTE-97/pdf/STATUTE-97-Pg65.pdf

Playlists

How to Fix & Save Social Security: https://www.youtube.com/playlist?list=PLfjmtHKB-Q80nb8Qjs7o2Yawm4quACPrj Tax Gap Series: https://www.youtube.com/playlist?list=PLfjmtHKB-Q83lJKJ6Pjp7eWmXjQUpzWib Unified Tax Code Series: https://www.youtube.com/playlist?list=PLfjmtHKB-Q835xmazIRQJ3PnIXEvdPApm

Video Links

Myself IOUs: https://youtu.be/K8DNCizwMyQ

Trust Fund Optimization: https://youtu.be/QL9RTNpm7ow

MMT Part 4, How to Fix It: https://youtu.be/9KYtiBmE5jU

What the Hell is the Tax Gap Part III: https://youtu.be/4AO3eVVdMX8

Audio Special Thanks

Chris Haugen - Western Spaghetti

Quincas Moreira - Veracruz

Chris Zabriskie – Readers! Do you Read

The National Debt Project

In 2019, I thought it would be humorous to build a program that showcased my abilities as a Financial Planner and modeled out the entire spectrum of possibilities that could be taken to solve our National Debt problem. It became less humorous when that “marketing gimmick” invalidated a large portion of what I had learned during my formal education and an even larger portion of the investment principles that our Financial Industry is using to manage our collective life savings. Nervous but undeterred, I pressed forward with confidence that my endeavors would lead me out of the woods of unknowing and into a meadow of understanding if I just maintained my resolve long enough and continued to put one foot in front of the other. After thousands of hours of research, the eleven steps detailed in The National Debt Project paper were the most important during my journey to “solve” our National Debt “problem.”

The National Debt Project

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