The Gross National Debt


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A Government Big Enough
to Supply Everything You Need
is Big Enough to Take
Everything You Have...
The Course of History Shows
That as a Government Grows,
Liberty Decreases.
~ Thomas Jefferson

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ECONOMY

The government claims the power to seize all financial instruments: currency, Gold, silver, and everything else if they deem an emergency exists. 
~ Treasury Department Letter August 12, 2005


The U.S. government's national debt is growing by almost $1 million per minute, or $1.4 billion per day. Merely paying the interest on what this debt has become is anticipated to place an increasing strain on public programs.

The debt has grown from $5.7 trillion in Jan. 2001, when President George W. Bush took office, to $9.13 trillion today, and is expected to climb past $10 trillion by the time Bush leaves office at the beginning of 2009. Because the interest on the debt keeps compounding, the percentage of the national budget that interest payments take keeps climbing. In 2006, the government spent $430 billion to pay interest on its debt.

Cramer pleads ‘Trust Bernanke’; the ‘Bavarian Illuminati, Trilateral Commission & Queen are not all bad’

Jim Cramer, a clear TV parrot for the status quo, made an astonishing statement, ‘boldly’ putting forward his approval for Fed chief Ben Bernanke and Treasury Secretary Tim Geithner in the midst of controversy while brandishing the many conspiratorial detractors with a nod to Wall Street’s connection with ‘the Bavarian Illuminati, the Trilateral Commission and Queen of England.’

Made in China: Importing America to its Own Death

If you visit a Wal-Mart, Home Depot, Lowe’s, Target, Sears, Penny’s, Kohl’s and hundreds of other retail outlets, you will notice 80 to 90 percent of the hard and soft goods “Made in China”; “Made in Mexico”: “Made in Pakistan”: “Made in Bangladesh,” etc. The most popular cars sold in America originate from Japan, Korea and Germany.

Why We Lose the War Game with China

The IMF, a few weeks ago, decided they wanted to sell all of their gold. China asked them to sell their gold and they would buy it with U.S. currency. Barney Frank is leading a campaign now to allow the IMF to sell that gold.

Bankruptcy, Not Bailout

It's an outrage that the American people are being asked to pay for the bad behavior of people who should have known better, be they reckless traders on Wall Street or reckless borrowers on Main Street. The $165 million in planned bonuses - as manifestly undeserved as it is - is chicken feed compared to the $170 billion in taxpayer funds AIG has received so far. The answer is an old fashioned one: AIG should choose between receivership or bankruptcy. It should not be allowed to choose more bailouts from the taxpayer.

De-globalization?

What happens when the world's greediest industrialists and even greedier bankers bite off more of the Utopian dream than they can chew? They choke. The good news is there is now a very real, very serious chink in the armor of globalization. World trade is plummeting because the transnational money barons: the industrialists, the bankers and the global merchant princes who saw the human chattel of the third world as the primary consumers of the 21st century have literally overextended themselves and although they collectively possess all of the money in the world, they literally ran out of the green stuff (or multicolored stuff), and their house of cards is about to topple.

An Economy Underwater

What happens when the whole economy sinks underwater like Atlantis? Other than fading into oblivion, that is. The tsunami-like impact will closely resemble what happens to a home owner with a mortgage that is construed to be underwater only on a much grander, and much more devastating, scale. When the balance owed on the home's mortgage exceeds the appraised value of the home, that mortgage is said to be underwater. Conversely, when the aggregate sum of the debts owed by a nation to its creditors exceed the ability of the nation to repay those debts, one can honestly say that.......

Learning the Free Market Lessons about Bailouts

My first reaction, when I saw the article, was of utter horror. It was entitled, “Obama Imposes Pay Cap on Executives.” Obama intends to dictate salary caps to American executives of private companies. We should all be very frightened of a government that seeks such power. It’s pure communism. The only result of such a situation can be that corporate executives and CEOs become mere employees with no incentives to build the business and increase profits. When that happens, there is no business.

Obama Sells U.S. to China Inc.

The truth is starting to seep out. Because of the need for more money to finance the latest bailout—the Obama economic stimulus plan—America is going further in debt to the Chinese Communists. Our country is officially being sold to the highest bidder. And we have striking confirmation of this fact from Secretary of State Hillary Clinton.

Why States are Shunning AKA’s "Stimulus" Money

Louisiana Governor Bobby Jindal has gone on record, stating his state will not be taking stimulus money that will force expansion of existing programs or the establishing of new programs. Joined by Governors Mark Sandord of South Carolina, Haley Barbour of Mississippi, Sarah Palin of Alaska, Butch Otter of Idaho, Mitch Daniels of Indiana, and Rick Perry of Texas, these governors are voicing concerns about the stimulus money being offered the states by the federal government under H.R. 1, better known as the Porkulus Package or the Piggy Package of Pork Barrel Spending.

Ten Square Miles of Criminal Enterprise

Americans are frightened, confused. Already we've seen several tragedies where fathers have killed their entire families and themselves because he's lost his job and the bills were piling up. We will see more and worse. We the people are now being held hostage with a gun to our head to aid and assist in the final destruction of our constitutional republic. We are being held hostage with the gun of government to our heads to fund the final destruction of capitalism, freedom and liberty.

And the Beat Goes On....

What the government has done here is to grant themselves a loan, the money for which loan, debt service, and money to pay for the resulting government growth will come out of the already depressed economy. The total cost of the loan? Try $4.06 trillion over the next decade, broken down as follows: $789 billion for the loan, $744 billion in debt service on the loan, and $2.527 trillion in increased spending from new and expanded programs created by the bill. These figures come from the Congressional Budget Office.

Who is Pulling Geitner's Strings

It would be a serious mistake to say that Geithner is incompetent. He knows exactly what he’s doing. Essentially, his programmed performance was designed to send the message to the American people and the Congress that we can’t be trusted with the details, even when they are available. It was pathetic to watch our elected Senators at a subsequent hearing pleading for details. But it was also a “teaching moment.” This is out of our hands. This is the “New World Order” and we had better get used to it.

Bailout Recipients Keep Donating

Wall Street executives have pleaded economic ruin, secured hundreds of billions of dollars in taxpayer assistance and been pilloried for their business excesses. But none of that has curbed their appetite for doling out political donations - or the willingness of politicians to accept the largesse.

Stimulus is a Bad Idea

Congress is poised once again to do what it does best. It is going to spend astronomic amounts of money it does not have. From a debt perspective, this can only make our current economic problems worse. From our founding until 1981 our government only managed to accumulate $1 Trillion in debt. Since 1981, our modern Congress has added an additional $9.6 Trillion. Without consideration of the bailout program and this proposed stimulus plan, the government’s debt was 70% of our annual gross domestic product. The annual interest on this debt is an annual expense in excess of $400 billion. A staggering 45% of that government debt is owed to foreign nations.

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The Aim of Public Education
is Not to Spread Enligtenment
at All; It is Simply to Reduce
as Many Individuals as
Possible to the Same Safe
Level, to Breed a Standard
Citizenry, to Put Down
Dissent and Originality.
~ HL Mencken

The Cure for Health Care and Indigenous Power is to Remove the AMA and FDA, and Unleash the Power and Creativity of the Free Market. Many People Have Been Brainwashed into Thinking the State Protects Them. The Truth is the Exact Opposite.
~ Morris Fishbein
You may find links that lead to interesting information, or there may be links to undesirable sites. If you find any of these undesirables, PLEASE let us know the URLs so we can block them from our campaign.