| Why We're Bankrupt |
| Tuesday, 13 April 2010 10:48 |
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The government is poised to spend more than $31,000 per household this year. This, by the way, is much more than is taken in via taxes. The remainder represents debt, which will be paid off in -- you guessed it -- inflated fiat dollars. Taxes almost certainly will need to be substantially increased as well. The bottom line: either way it is the well being of American citizens that is being put at risk by irresponsible big and unconstitutional government.
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Lets face it. Our country is bankrupt. With our present banking system; the private Federal Reserve banking cartel and the use of "Fractional Reserve Banking" we cannot ever get out of debt. We must abolish both the Fed and Fractional Reserve banking and write off the debt owed to the Fed. (approximately 45% of our country's debt is owed to the Fed) Allow the US Treasury department to print our money interest free as permitted by the constitution. Do you think congress cannot be trusted to print more money than necessary to conduct commerce efficiently and cause inflation. They couldn't be any worse than the Fed where the dollar has lost 95% of its purchasing power since 1913.
PLenty of wealth in the USA
I wouldn't worry about the spending that is being done is going to bankrupt us.....there is plenty of money in the USA....plenty of property and buildings and homes that are mostly paid for, and plenty of people with plenty of wealth. The trouble is that the wealth is now concentrated in a very very few numbers of people, ie a very small percentage controls 99% of the wealth and the rest of us are basically poor or at best middle class. The middle class is disappearing! No means of production left here in the USA. The rich are getting richer at a far faster rate than is smart!! The poor are getting poorer! And the GOP answer is to ignore the obvious that we need more money for teachers and schools, but the GOP answer is to build bigger jails. It doesn't work....we need better schools, WALL STREET REFORM, and more power to the people, not the rich folks!
Who are the Real Patriots?
Just who are the real patriots anyway? It certainly is not the majority of our elected leaders who fail to honor the oath to the Constitution they swore to uphold and think the constitution is an out dated relic of the past. |
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