Re: Important US technology companies sold to foreigners

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#620076

From: Anne Lynn Wheeler
Date: Thu, 08 Feb 2018 19:03

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2002, congress lets the fiscal responsibility act lapse (spending can't
exceed tax revenue, totally different republican congress than the
republican congress that originally passed the act). 2010 CBO report
that 2003-2009, tax revenue cut by $6T (first time taxes cut to not pay
for two wars) and spending increased by $6T for $12T gap compared to
fiscal responsible budget. Since then taxes not restored and only modest
spending reductions so deficit continued to increase ... now over $20T
(and prediction that it increases another trillion over coming fiscal
year).

fiscal responsibility act posts
http://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
tax evasion, tax avoidance, tax haven pots
http://www.garlic.com/~lynn/submisc.html#tax.evasion

CBO 2010 report also that of the big DOD spending increase 2003-2009,
they couldn't find anything to show for over trillion.

note for 20+yrs  all gov. agencies have been mandated to pass
financial audit ... DOD has yet to pass financial audit.

Exclusive: Massive Pentagon agency lost track of hundreds of millions of
dollars
https://www.politico.com/story/2018/02/05/pentagon-logistics-agency-review-funds-322860

however, above just mentions hundreds of millions ... not the trillions.

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From: Anne & Lynn Wheeler <ly...@garlic.com>
Newsgroups: alt.folklore.computers
Subject: Re: Important US technology companies sold to foreigners
Date: Thu, 08 Feb 2018 09:03:20 -1000
Organization: Wheeler&Wheeler
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