Julio C. Castañeda Jr. - Memes of Misinformation: Federal Spending: Unraveling the Controversial, Socio-Economic and Political Issues Behind Those Annoying Social Media Memes

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Memes of Misinformation: Federal Spending

Unraveling the controversial, socio-economic
and political issues behind those annoying social media memes

Julio C Castaeda Jr

Vernon Series inCommunication

Copyright 2017 Vernon Press, an imprint of Vernon Art and Science Inc, on behalf of the author.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Vernon Art and Science Inc.

www.vernonpress.com

In the Americas: Vernon Press 1000 N West Street, Suite 1200, Wilmington, Delaware 19801 United States

In the rest of the world: Vernon Press C/Sancti Espiritu 17, Malaga, 29006 Spain

Vernon Series in Communication

Library of Congress Control Number:

ISBN: 978-1-62273-320-0

Product and company names mentioned in this work are the trademarks of their respective owners. While every care has been taken in preparing this work, neither the authors nor Vernon Art and Science Inc. may be held responsible for any loss or damage caused or alleged to be caused directly or indirectly by the information contained in it.

Table of Contents

Dedication

Acknowledgements

Appendix B

Appendix C

Appendix E

Index

Description

In this first installment of the Misinformation series, the author tackles complex socio-economic and political topics related to the economy of the United States, such as the federal budget , wasteful spending, the national debt , unemployment and social security. By breaking down each subject into laymans terms, the author clearly and concisely presents, in an unbiased manner, the facts behind the fake news , alternative facts , half-truths and general misinformation from the annoying headlines and memes cluttering social media on these volatile subjects.

Dedication

I would like to dedicate this book to my biggest fan and most awesome wife, Misty. Thanks for putting up with my particular brand of crazy. You make our journey so much more enjoyable.

Acknowledgements

Special thanks to those that have contributed by tediously proofreading endless versions of this manuscript: Misty C, Maxi R, Karen P, Vince T, Val P and Sam T.

List of abbreviations

• AAA Agricultural Adjustment Act
• ACA Affordable Care Act
• AIG American International Group
• ANOVA Analysis of Variance
• BCE Before Christ Event
• BLS Bureau of Labor Statistics
• CBO Congressional Budget Office
• CBP US Customs & Border Protection
• CIA Central Intelligence Agency
• CPI Consumer Products Index
• CPS Current Population Survey
• CWA Civil Works Administration
• DC Washington, District of Columbia
• DI Disability Insurance
• DITF Disability Insurance Trust Fund
• DJIA Dow Jones Industrial Average
• DNDO Domestic Nuclear Detection Office
• EB Extended Benefits (for unemployment )
• ECB European Central Bank
• EO Executive Orders
• EU European Union
• EUC Emergency Unemployment Compensation
• FDIC Federal Deposit Insurance Corporation
• FDR Franklyn Delano Roosevelt, 32 nd POTUS , also referred to as Franklyn Roosevelt, F.D. Roosevelt
• FEMA Federal Emergency Management Agency
• FERA Federal Emergency Relief Administration
• FHA Federal Housing Administration
• FLETC Federal Law Enforcement Training Center
• FLOTUS First Lady of the United States
• FOMC Federal Open Market Committee
• FRB Federal Reserve Bank
• GDP Gross Domestic Product
• GAO Government Accountability Office
• GAS Government Account Series
• GMAC General Motors Acceptance Corporation
• GOP Grand Old Party referring to the Republican Party
• GSE Government-Sponsored Enterprises
• G-S Act Glass-Steagall Act
• GW George Walker Bush, 43 rd POTUS , also referred to as George W., W., G.W. Bush, Bush Son and Bush Jr.
• HW George Herbert Walker Bush, 41 st POTUS , also referred to as George H.W., George H.W. Bush, H.W., Bush Father and Bush Sr.
• ICE US Immigration & Customs Enforcement
• IGH Intra-Governmental Holdings
• IMF International Monetary Fund
• IRS Internal Revenue Service
• ISIL Islamic State of Iraq and the Levant
• ISIS Islamic State of Iraq and Syria
• LBJ Lyndon Baines Johnson, 36 th POTUS , also referred to as Lyndon B. Johnson and L. Johnson and Johnson.
• MPH Miles per hour
• MSNBC Microsoft National Broadcasting Corporation (news outlet which ended its partnership between in 2012 when Comcast bought out Microsoft)
• NASA National Aeronautics and Space Administration
• NLRA National Labor Relations Act
• NRA National Recovery Act
• NYSE New York Stock Exchange
• NYA National Youth Administration
• OASI Old-Age and Survivors Insurance
• OIG Office of Inspector General
• OK Okay
• OMB White House Office of Management and Budget
• POTUS President of the United States
• PTSD Post-Traumatic Stress Disorder
• PWA Public Works Administration
• QE Quantitative Easing
• S&L Savings and Loans
• SEC Securities and Exchange Commission
• SLGS State and Local Government Series
• SNAP Supplemental Nutrition Assistance Program
• SOMA System Open Market Accounts
• SS Social Security
• SSA Social Security Act
• SSTF Social Security Trust Fund
• TIPS Treasury Inflation -Protected Securities
• TSA Transportation Security Administration
• UK United Kingdom
• US United States of America
• USCG US Coast Guard
• USCIS US Citizenship & Immigration Services
• USSS US Secret Service
• VP Vice President
• WPA Works Progress Administration
• WWI World War I
• WWII World War II
• Y2K The year 2000 used in the 1990s to signify the coming turn of the century
• ZIRP Zero-Interest Rate Policy
  

List of figures

• Figure 1: Total Gun Deaths in Australia
• Figure 2: Total Gun Deaths per Capita in Australia and the US
• Figure 3: Meme entries from Tanner and Skye on the performance of B. Obama
• Figure 4: List of Intra-Governmental Holdings Trust Funds
• Figure 5: US National Debt Public vs. IGH
• Figure 6: US Surplus /Deficits Public vs. IGH
• Figure 7: Dow Jones Industrial Average, 1970 to Present
• Figure 8: US Gross Domestic Product (1970-2015)
• Figure 9: US National Debt (1790-2015)
• Figure 10: US Debt Annual Balance (1790-1860)
• Figure 11: US Debt Annual Balance (1860-1910)
• Figure 12: US Debt Annual Balance (1910-1970)
• Figure 13: US Debt Annual Balance (1970-2015)
• Figure 14: Sources of Federal Revenue 2015
• Figure 15: Progressive vs. Proportional Tax System
• Figure 16: Individual Effective Tax Rates (1996-2014)
• Figure 17: Individual Income Tax Percent Contribution (1996-2014)
• Figure 18: Individual Income Tax Paid in Million USD (1996-2014)
• Figure 19: Corporate Effective Tax Rate by Assets (1996-2013)
• Figure 20: Delta Effective Tax Rate Before & After Credits by A ssets (1996-2013)

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