DCReport Tip to David Cay Johnston 190228
February 28, 2019
I sent the following tip to DCReport on February 28, 2019.
The U.S. Government is committing fiscal and accounting fraud by not using proper GAAP Accounting! I call this accounting fraud USAPonzi because it is a classic Ponzi scheme! The U.S. Government is promising U.S. Government benefits but is not properly accruing the funds to pay these future benefits! The U.S. Government has underfunded these benefits by $100.7 Trillion and now has National Debt of $22.1 Trillion for total US Unfunded Liabilities (GAAP) of $122.8 Trillion! The U.S. upper class has been undertaxed and enriched by $122.8 Trillion while the U.S. general public has been cheated by $100.7 Trillion! Because of this accounting fraud, Americans, primarily the U.S. upper class, have been given $122.8 Trillion of what I call imaginary-counterfeit money that we are using to fill Planet Earth with environment-polluting physical objects that are causing Global Warming that is Destroying Planet Earth!
I have written two websites (www.usaponzi.net and www.usaponzi.com) and four books (USAPonzi, USAPonzi2, USAPonzi3, and USAPonziA) that explain and expose this U.S. Government fraud! I sent this letter to the U.S. Congress last week! http://usaponzi.com/whistleblower-letter--2-to-congress-190221.html