For nations, debt spending is not necessarily a bad thing. Whether it is wise or foolhardy for a country to borrow money really depends on what it is being spent on.<\/p>\n
For example, the last time America\u2019s national debt exceeded America\u2019s gross domestic product<\/a> was during World War II. I would say that it was worth going into debt to defeat the Nazis and to smash imperialist Japan.<\/p>\n Today, as the national debt soared past GDP for the first time in eight decades, here are a few of the big things we are spending so much money on now:<\/p>\n Other than perhaps some of the Medicare and Social Security payments, these are not worthwhile things to go into debt for. They are still better than President Donald Trump\u2019s latest scheme to siphon away taxpayer dollars, however.<\/p>\n Trump filed a frivolous lawsuit against the Internal Revenue Service, an agency he is ultimately in charge of. To settle his nonsensical lawsuit against himself, the Department of Justice, which he also runs, announced it is paying $1.776 billion<\/a> (cute) of taxpayers\u2019 money into an \u201cAnti-Weaponization Fund\u201d to compensate the people an unaccountable panel of Trump\u2019s henchmen decides were wrongly targeted by the Biden administration.<\/p>\n Yes, the guy who goaded his DOJ into prosecuting James Comey for posting a photo<\/a> of seashells thinks it was the Biden<\/strong> administration that wrongly targeted people.\u00a0<\/p>\n it is hard to characterize this fund as anything other than outright theft. Trump supposedly can\u2019t receive money directly from the fund, but don\u2019t expect his family members and his businesses to keep their hands out of the cookie jar.<\/p>\n Of course, those who were in fact \u201cwrongly targeted\u201d by any presidential administration already had the right to pursue their own lawsuits. The problem with a lawsuit for the people this money is intended for is that a judge or jury would have to decide on the applicability of that \u201cwrongly\u201d part. The government targets people all the time, for, ya know, breaking the law. When they are convicted, that typically means they were rightly targeted.<\/p>\n Nearly 1,600 people were charged with crimes for their participation in the January 6, 2021, attack on the U.S. Capitol. Trump pardoned the January 6 rioters, and now he wants to make them millionaires using taxpayer dollars. Trump is stealing your money to redistribute it<\/a> to his loyal thugs.<\/p>\n We do not know for sure who will get this money, but if it actually starts winding up in pockets I\u2019ll eat my hat if there aren\u2019t January 6 insurrectionists on the list of beneficiaries. It seems incredible that no one is going to stop this, but the judge overseeing Trump\u2019s lawsuit against the IRS already closed the case, and we\u2019ll all die of old age waiting for this Congress to step up and defend the power it is supposed to have over federal spending.<\/p>\n \u201cThis is one of the single most corrupt acts in American history,\u201d said the president of Citizens for Responsibility and Ethics in Washington<\/a> Donald K. Sherman.<\/p>\n For over a decade, Trump has repeatedly promised to pay down<\/a> and even to eliminate the national debt. He was lying.<\/p>\n In a matter of days, the total national debt will surge past $40 trillion. We are not reaching this record-shattering milestone as a necessary burden in order to purge the world of a great evil like in World War II. No, this time we are leveraging our children\u2019s futures to pay for one man\u2019s foolish war, to build one man\u2019s monuments to himself, and to reward one man\u2019s corrupt allies.<\/p>\n Whether you voted for him or not, you will be paying \u2014 literally \u2014 for Trump\u2019s presidency for the rest of your life. As for recipients of \u201cAnti-Weaponization Fund\u201d tax dollars, just know that the moment Trump is gone, we\u2019re coming to get our money back.<\/p>\n Jonathan Wolf is a civil litigator and author of\u00a0<\/em><\/strong>Your Debt-Free JD<\/em><\/strong><\/a>\u00a0(affiliate link). He has taught legal writing, written for a wide variety of publications, and made it both his business and his pleasure to be financially and scientifically literate. Any views he expresses are probably pure gold, but are nonetheless solely his own and should not be attributed to any organization with which he is affiliated. He wouldn\u2019t want to share the credit anyway. He can be reached at\u00a0<\/em><\/strong>jon_wolf@hotmail.com<\/em><\/strong><\/a>.<\/em><\/strong><\/p>\n The post As The National Debt Soars, Trump Steals Billions From Taxpayers To Redistribute To January 6 Rioters<\/a> appeared first on Above the Law<\/a>.<\/p>\n For nations, debt spending is not necessarily a bad thing. Whether it is wise or foolhardy for a country to borrow money really depends on what it is being spent on.<\/p>\n For example, the last time America\u2019s national debt exceeded America\u2019s gross domestic product<\/a> was during World War II. I would say that it was worth going into debt to defeat the Nazis and to smash imperialist Japan.<\/p>\n Today, as the national debt soared past GDP for the first time in eight decades, here are a few of the big things we are spending so much money on now:<\/p>\n Other than perhaps some of the Medicare and Social Security payments, these are not worthwhile things to go into debt for. They are still better than President Donald Trump\u2019s latest scheme to siphon away taxpayer dollars, however.<\/p>\n Trump filed a frivolous lawsuit against the Internal Revenue Service, an agency he is ultimately in charge of. To settle his nonsensical lawsuit against himself, the Department of Justice, which he also runs, announced it is paying $1.776 billion<\/a> (cute) of taxpayers\u2019 money into an \u201cAnti-Weaponization Fund\u201d to compensate the people an unaccountable panel of Trump\u2019s henchmen decides were wrongly targeted by the Biden administration.<\/p>\n Yes, the guy who goaded his DOJ into prosecuting James Comey for posting a photo<\/a> of seashells thinks it was the Biden<\/strong> administration that wrongly targeted people.\u00a0<\/p>\n it is hard to characterize this fund as anything other than outright theft. Trump supposedly can\u2019t receive money directly from the fund, but don\u2019t expect his family members and his businesses to keep their hands out of the cookie jar.<\/p>\n Of course, those who were in fact \u201cwrongly targeted\u201d by any presidential administration already had the right to pursue their own lawsuits. The problem with a lawsuit for the people this money is intended for is that a judge or jury would have to decide on the applicability of that \u201cwrongly\u201d part. The government targets people all the time, for, ya know, breaking the law. When they are convicted, that typically means they were rightly targeted.<\/p>\n Nearly 1,600 people were charged with crimes for their participation in the January 6, 2021, attack on the U.S. Capitol. Trump pardoned the January 6 rioters, and now he wants to make them millionaires using taxpayer dollars. Trump is stealing your money to redistribute it<\/a> to his loyal thugs.<\/p>\n We do not know for sure who will get this money, but if it actually starts winding up in pockets I\u2019ll eat my hat if there aren\u2019t January 6 insurrectionists on the list of beneficiaries. It seems incredible that no one is going to stop this, but the judge overseeing Trump\u2019s lawsuit against the IRS already closed the case, and we\u2019ll all die of old age waiting for this Congress to step up and defend the power it is supposed to have over federal spending.<\/p>\n \u201cThis is one of the single most corrupt acts in American history,\u201d said the president of Citizens for Responsibility and Ethics in Washington<\/a> Donald K. Sherman.<\/p>\n For over a decade, Trump has repeatedly promised to pay down<\/a> and even to eliminate the national debt. He was lying.<\/p>\n In a matter of days, the total national debt will surge past $40 trillion. We are not reaching this record-shattering milestone as a necessary burden in order to purge the world of a great evil like in World War II. No, this time we are leveraging our children\u2019s futures to pay for one man\u2019s foolish war, to build one man\u2019s monuments to himself, and to reward one man\u2019s corrupt allies.<\/p>\n Whether you voted for him or not, you will be paying \u2014 literally \u2014 for Trump\u2019s presidency for the rest of your life. As for recipients of \u201cAnti-Weaponization Fund\u201d tax dollars, just know that the moment Trump is gone, we\u2019re coming to get our money back.<\/p>\n Jonathan Wolf is a civil litigator and author of\u00a0<\/em><\/strong>Your Debt-Free JD<\/em><\/strong><\/a>\u00a0(affiliate link). He has taught legal writing, written for a wide variety of publications, and made it both his business and his pleasure to be financially and scientifically literate. Any views he expresses are probably pure gold, but are nonetheless solely his own and should not be attributed to any organization with which he is affiliated. He wouldn\u2019t want to share the credit anyway. He can be reached at\u00a0<\/em><\/strong>[email\u00a0protected]<\/em><\/strong><\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" For nations, debt spending is not necessarily a bad thing. Whether it is wise or foolhardy for a country to borrow money really depends on what it is being spent on. For example, the last time America\u2019s national debt exceeded America\u2019s gross domestic product was during World War II. I would say that it was […]<\/p>\n","protected":false},"author":3,"featured_media":152493,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-152492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2026\/05\/GettyImages-2120573644-mIV0co.jpg?fit=594%2C396&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/152492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=152492"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/152492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/152493"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=152492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=152492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=152492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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