Grandpa Gorman's Cleansing Shower
- chapter 25 -
Do You Have An Idea What
NEARLY 15 TRILLION Dollars
of Federal Government Debt
Means to Your Family?
"Don't alarm the pee-pul. . . They are too dumb to understand, anyway. Just
keep on feeding them the baloney that that we are "the richest nation in the
world." - even though there is no way we can pay back such a monstrous Federal debt
in our lifetime or in that of our children.
- This could be the kind of conversation going on in the back rooms of Congress, the
Federal Reserve fortress and, alas, in the print and television media - - some of whose
inhabitants surely know that a cancerous debt this huge leads inevitably to bankruptcy.
- A little arithmetic - Divide the Federal debt -- $15,000,000,000,000 by the rounded out
population - - around 305,000,000 - - and you will find that every single man, woman,
child and baby in America owes foreign and domestic holders of United States Treasury
bonds, bills, notes and other "paper" -- $49,000. For a family of 4 that equates
to $196,000 as their share of that debt. And the federal government not only spent that
$196,000 but also spent every signel penny of all those taxes you paid. And, that debt is
going up, not down! And, your taxes keep on going. And that debt does not include what
they personally owe on mortgages and other credit.
- Be sure of this. One way or another, by direct or indirect taxation; by using financial
smoke and mirrors; by printing money that becomes more worthless each day - the Government
traitors and spendthrifts who got us into this mess, will squeeze out of us at least
enough to pay the staggering billions in interest alone - - to keep from outright default.
(Every day I hear people say; "Oh, you are so negative! Don't you know that we owe
the debt to ourselves? Or, "Are you crazy? We are a rich country. This can't possibly
"A fool and his money are soon parted" "A spendthrift
government and its money are soon parted"
"Those who don't learn from history are doomed to
repeat its mistakes."
WANT SOME HARD FACTS ??
OUR NATION IS MORE DEPENDENT ON DEBT - - THAN EVER BEFORE!!
And - that's most dangerous.
- 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
- - 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
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
was all spent - - only a bunch of non-marketable IOUs remain - - with no plan to pay it
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
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.
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