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News ::
09 Jul 2003
Modified: 10 Jul 2003
Today, July 9, 2003, I read in a national newspaper that all working Americans will pay 30%, towards the national debt, from their taxes. (Cato Institute.)
Appalling? Yes.
Think about our debt.
Reagan. 4 trillion.
Bush's daddy. 1.5 trillion.
Bush dubya. 2 trillion. And counting...
Thanks to the G.O.P., we are in a black hole.
Where is the outrage?
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Try Again Trillions (english)
09 Jul 2003
The US national public dept had reached the constitutional cap of 6.3 Trillion dollars last winter. The federal government is operationg off balance on medicare medicaid socical security and other rob peter to pay paul schemes. The war was a distraction from the depths of financial corruption and horrible condition of our system. Had we stopped to debate raising the cap on federal borrowing we would have missed a debt payment and discredited the administration, the USA as a borrower and the dollar.
The shit would have hit the fan!
The White House cooked up the product of, "buy now, three for one limited time offer buy two boggie men and get a third one free, Sadam, Osama and WMDs act now limited time offer dont wait!"
Bush acted to prop up the economy the dollar and the government by force and was promptly rewarded by congress with an 80 billion outlay for the war. Congress then raised the cap on national debt the largest it ever has been at once, almost a trillion dollars.
After bagdad was bought and made of 53 state a report surfaced, ex treasury john Oneill had run the numbers, with in 7-9 years the US national debt will be 44 trillion. If we last that long.
God save the child that rings that bell (english)
10 Jul 2003


The Tresury report on debt projections to 44 trillion was under Tim Oneil. His replacement was John Snow. As the Globe reported today its hard to keep track of Tresury because its been a revolving door.

If my analisis of the insane propulsion to unleash chaos in the middle east is on target who else would have the most to lose by the missing of a debt payment? who has the least invested in US debt and the dollar?
who were our allies and who was our opposition?