The cost of the proposed border wall is a rounding error in terms of total government spending or the US national debt. From Simon Black at sovereignman.com:
We are in the midst of the longest government shutdown in history.
Don’t get me wrong, I like having the government shut down. As I’ve said before, I believe it is my moral duty to pay as little taxes as possible.
The government does some really stupid things with your tax dollars. I’d rather not pay for a $2 billion Obamacare website that doesn’t work, or to defend Congressmen against sexual assault allegations.
So, by starving the beast, I at least ensure they’re not squandering my money.
But I think it’s ridiculous that this government posturing is financially crippling the 800,000 government workers (and millions of contractors) who are now out of work – or being forced to work without pay.
To be fair, last night the president signed a law guaranteeing they would be paid for past work – a month into this fiasco. It’s a step in the right direction, as there’s a word for forcing people to work without pay – slavery.
That’s why I offered to pay the rent of any government workers hurt by the shutdown. I am using my tax savings to bail out some of these government workers the feds left high and dry.
But at its core, this whole shutdown comes down to a disagreement over $5 billion. That is how much money Trump wants to build the border wall between the US and Mexico. And Congress refuses to fund it.
Granted, that’s a lot of money to you and me. And it should be a lot of money to the government, too.
But the government is almost $22 TRILLION in debt and adding another trillion every single year.
We are talking about a fight over an expenditure that amounts to .02% of the total national debt.
Social Security is $50 TRILLION underfunded by the government’s own estimates. Tens of millions of Americans are relying on Social Security for retirement.
How is that going to be funded? That’s a problem 10,000 times bigger than this fight over funding a border wall.
But does Congress shut down the government to solve that? Do they refuse to budge until the Americans that have spent their lives paying into a broken pension system are made whole?
But they’ll put millions of people out of work in the blink of an eye over a comparably tiny sum.
And then the politicians have the nerve to get on a high horse and fake moral superiority while it plays out.
I hate that the government spends money so callously and recklessly. And I really don’t care much whether the wall gets built or not… Taking advantage of Puerto Rico’s tax laws, I won’t be paying for it either way.
If the government had any respect for the taxpayers, they would pinch every single penny. That’s obviously not the case.
They clearly don’t care about their employees, either. Otherwise, they wouldn’t let $5 billion stand in the way of millions of paychecks that these people depend on to pay their rent.
And don’t fool yourself. This shutdown isn’t about money. It is an ideological fight with both sides digging their heels in.
The politicians dragging the shutdown on are showing their true colors. This dysfunction is a tiny preview of what will happen when the real problems come home to roost.
So here’s the truth: they are building a wall. And every single member of Congress is helping. But it’s not the wall you think…
Behind that wall, the government is hiding the real crisis.
Forget the $5 whatever billion dollars the government wants for the border wall.
Instead, you should focus on the national debt – which is a problem 4,400 times bigger than the wall.
And the collapse of Social Security is a problem 10,000 times bigger than the funding needed for the wall.
So don’t be fooled by this dummy crisis the government is conjuring. That’s what they want.
Just remember, if you rely on the government for anything, they’ll happily throw you under the bus to further their own agenda.
The real power is with the individual. You have the tools and resources to solve these issues for yourself.
For example, you could consider a retirement structure like a Solo 401(k) or self-directed SEP IRA that allows you a greater breadth of investment options– everything from real estate to crypto to private equity.
Meanwhile, the guy living in Puerto Rico and not paying any taxes is happy to pitch in to help his fellow man.