I wonder, too, how the Federal Reserve fits into this? At minute 20:14 of the above video Ron Paul states:
Similar in another recent video Ron Paul stated similar:
From the video directly above:
I guess I never truly understood how the Federal Reserve finances the warfare state...
h/t Bob Murphy: http://consultingbyrpm.com/blog/2016/01/potpourri-312.html
A well-written and informative article for those interested in the intersection of Congressional budgeting and Fed accounting (and not too long, either, given the recondite subject matter) ...
No Honor Among Thieves...
Everything You Need to Know about the New Republican Budget
https://www.lewrockwell.com/2015/05/laurence-m-vance/crazed-republican-spending/
Laurence M. Vance (19 May 2015)
It’s official. Republicans in the House and Senate have finally agreed on a new budget resolution for fiscal year 2016...