- See - - the Federal
Government Debt Report, showing not only did
the government increase debt since 1990 more than it did in the nation's entire
history before then, but last year it hit ANOTHER RECORD.
And, foreign interests now own 47% of all our treasuries. All this new
debt was created during peace-time, and all debt was caused by social spending,
a role of government not ordained by our nation's founders. This means all this debt
did not create assets - - the money was consumed, and it's gone forever.
- And, the federal government's past 'love of debt' has INFECTED the private
sector.
- - See the America's
Total Debt Report, showing $57 Trillion in total debt - -
as the household, business and financial sectors of our economy are going
deeper
into debt than ever before - - weakening our families and our nation. Each added
dollar of debt is producing a diminishing amount of GDP.
- See - - the Grandfather
International Trade Report, showing our
ballooning debt to foreign interests, as our manufacturing base is sucked out
or foreign-controlled. A real danger to our nation, as we have become
the greatest international debtor nation in history - -
because foreigners produce what we want,
which we buy not by our own production but by going deeper into debt - -
and we produce less and less goods that they want.
- And - we spent all our trust fund surpluses on other stuff - - not saving it for what
it was intended - - as shown in the Deficit Surplus Report.
$2.4 trillion of social security
surplus cash that came in from over-taxed workers, intended to be saved for future
retirees,
was all spent - - only a bunch of non-marketable IOUs remain - - with no plan to pay it
back.
And they told us, "we want to save social security first," as they
drained the trust fund of its
cash as fast as it arrived - - and spent it on other stuff having zero to do with
pensions. The
Social Security Report
has more, also showing today's workers pay much higher social
security rates than today's seniors when they were working with less to show.
|