News

When it comes to the money the government is siphoning off you through income taxes, most of it is literally going up in smoke.

The most recent Treasury data showed that as the federal government surpasses a record $35 trillion national debt, $1.1 trillion will be spent on interest payments alone this fiscal year. 

According to reports: “Interest payments on the federal debt now account for 76% of all personal income taxes collected. This means that for every dollar Americans pay in income tax, about 76 cents go towards paying interest on the national debt.“

Roughly 45%, or nearly half of the federal government’s revenue is from personal income taxes. 

The “76%” statistic is from the latest data from June, which showed that the U.S. government spent $140 billion on interest for Treasury debt securities and collected $185 billion in individual income taxes the same month.

At the turn of 21st century, the national government debt was $5.77 trillion, and by 2010 it had more than doubled to $12.77 trillion. The debt reached $23.22 trillion at the beginning of 2020. And only a few years later on Biden’s watch, it now surpasses $35 trillion.

At this rate, we’ll eventually reach a point where we don’t even bring in enough income tax to cover the interest payments on the debt – also known as bankruptcy.

In the last fiscal year of the Trump presidency, annual interest on the debt were at $521 billion, which was $44 billion (15%) higher than the $454 billion the government was spending the year before he took office. By contrast the government’s annual interest expense under Biden increased by a whopping $619 billion from what he inherited, a 114% increase. 

Phrased differently: Biden screwed up America’s finances so badly that the federal government’s annual interest expense under Trump was closer to zero than it is to Biden’s.

Click on the video below to watch 38 seconds of an apparently legless person with a sing-song and manic affect tell you all about the latest uglification of what’s being called the “progress pride flag.” We’re going to assume that this is a man, but nothing is certain these days. 

In case you don’t want to subject yourself to that much leftie audio, Wokespy will break it down for you!

This is the original gay pride flag. It was never known as the “LGBT” flag until recently. 

Around 2015, a new set of deviants calling themselves “trans” and “queer” somehow climbed to the top of the privilege hierarchy among sexual minorities, displacing plain old-fashioned gay people with those who claimed to have different “genders.” “Abimegender,” for example, is a “gender” that is “profound, deep, and infinite.”

And that’s when the rainbow clown crew started jam-packing the old flag with all sorts of clashing colors and aesthetically baffling symbols to depict the alleged existence of ever-weirder micro-categories of sexuality. 

Our friend in the video above gives us a brief tour. After introducing the “classic” rainbow flag, he points out that the black and brown bands are to “represent people of color,” who, presumably, were not represented by the literal rainbow. Or something. The baby pink and blue stripes are there for “trans folx,” a yellow triangle for “intersex folx,” and the two feathers in what looks like a donut stand for “indigenous folks that identify as two-spirit.”

On that last one: For a group of people who say they’re concerned about being inclusive, it seems strange to represent American Indians with feathers, considering that only some tribes used them in headdresses. And that whole “two-spirit” thing? It’s not some ancient tribal tradition. The idea was coined at some gay and lesbian conference in 1990. 

Social media users are reacting as you would expect them to. 

Well, Natalia, neither can they!

User Fahrenheit533 simplifies the taxonomy for us:

There’s always at least one who says something that’s funny because it’s unkind but true:

What’s your favorite neo-gender? Tell us in the comments!