Way back in the Reagan Administration, the commission chaired by Pete Grace found that every dime of income tax goes to private bankers for interest on the exponentially escalating national debt. Not one dime goes to reduce the national debt. Therefore, Congress must borrow more to pay for its ways to help the people by helping them out of their money. Congress does this by borrowing from the unconstitutional Fed, raising taxes to pay the debt to the owners of the Fed, and raiding the Social Security Fund, which is now missing $3 trillion. Clinton stole $10 billion from the Social Security Fund to bomb Kosovo. That could have given the retired people a nice raise. Those people did not pay into Social Security all their lives to enable Clinton to bomb Kosovo, or to raise the national debt by letting Congress cook the books.
Common sense reveals that the national debt continues to increase, since nothing goes to reduce it and Congress continues to borrow against it.
Lee Iacocca said the national debt in 1881 was $2 trillion; in 1985, $4 trillion; and expected the deficit to hit $3 trillion by 1988. (Iacocca, Talking Straight, 207) “That means interest payments skim 25 cents off the top of every tax dollar. ... I wish I could say there's an end in sight. But if the debt keeps piling up at the same rate that it has since 1980, it's going to hit $13 trillion by the year 2000: That's fourteen times the debt in 1980. ... And yet every month the government is spending $17 billion more than it takes in.” (Ibid, 209) Making money on money exceeded wage income by 53 % in the 80s (Galbraith, Culture of Contentment, 92). The federal government was consuming over 50 percent of the nation's credit in the 80s (Iacocca, Autobiography, 340).
** uhuh ** The President said he is reducing taxes.
uhuh.
Congress says they are balancing the budget.
uhuh. Sez who?
and Force Congress to
Kick the Debt & Taxes Habit with
$$ Money System Honesty for Us People. $$
We demand the whole truth with an honest viewpoint.
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Forest Glen Durland, CEO. 14675 1/2 Big Basin Way, Saratoga, CA 95070-6081
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