Bush-America Seems Prosperous Only Because We Are Running Up The
National Debt, By 44% In Last Five Years
Political Opinion by Rev. Bill McGinnis
Reference copy of this message at
http://www.patriot.net/users/bmcgin/runningupthecreditcard.txt
Yesterday, Vice-President Cheney made a speech In Kansas City at the
Harley-Davidson plant, where he broadly summarized the Bush
Administration's new economic talking points. Claiming credit for the
country's post-Sept. 11 "prosperity and security," he tried to justify
continuing the obscene tax breaks/pay-offs they have given to the
wealthiest segments of our population, at the expense of everybody else
and their children.
Speaking optimistically, Cheney said, "The president's strategy of
cutting taxes delivered the pro-growth results we expected." Then he
went on to cite several statistical indicators which seemed to show
that everything is just fine in the economy, and getting better.
You can read the original news story covering Cheney's speech at
http://www.kansascity.com/mld/kansascity/business/13569567.htm
What he did not say, however, was that the entire appearance of
economic soundness is based on increasing the National Debt, just like
a family running up the credit card in order to pay for their everyday
living expenses. The economy today is artificially and deliberately
"goosed up" to look good, by irresponsible Government borrowing to pay
the bills, and by artificially raising the apparent value of houses, so
that the "homeowner"/debtors feel more prosperous than they really are.
(But if they sell their houses, where will they live, with all the
houses priced too high? So it's a phony sense of wealth.)
Here are the official Government figures showing our skyrocketing
National Debt since Bush came into office at the beginning of 2001.
Total Public Debt
End of the year 2005: $8,170,414,000,000 ( Read 8.170 Trillion
Dollars)
End of the year 2004: $7,596,144,000,000
End of the year 2003: $6,997,964,000,000
End of the year 2002: $6,405,707,000,000
End of the year 2001: $5,943,439,000,000
End of the year 2000: $5,662,216,000,000
Source: See my table at http://www.loveallpeople.org/publicdebt.html,
which I prepared from the official Government figures published by the
Bureau Of Public Debt at
http://www.publicdebt.treas.gov/opd/opdhisms.htm. You are invited to
verify them for yourself.
So he has increased our National Debt by 2.508 trillion dollars, or
44%, since he came into office in January of 2001. This is borrowed
money, friends: we have to pay it back. And who do we pay it back to?
Maybe the Chinese . . . I haven't done the research on that yet, but we
owe it to somebody! This is called "living in a fool's paradise."
And as far as "being more secure" against the terrorists: I don't know
if I agree with that either. Maybe it's just the "calm before the
storm." Millions of people truly hate us now, who simply didn't like us
very much before Iraq. This cannot possibly be a good thing for our
security.
So, all in all, I think the Cheney speech is total nonsense, and
everybody should see it for what it really is: a fraud.
(P.S. If I somehow disappear, they came to get me and put me into one
of
their secret prisons! God bless America!)
Blessings to you. May God help us all.
Rev. Bill McGinnis
Director, www.LoveAllPeople.org
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