posted on Jul, 10 2003 @ 03:30 AM
In recent months, I have posted a series of article on the deplorable and quite frankly hopeless financial situation the government of the United
States is presently in due to reckless and outright irresponsible fiscal policy.
In summary, the combined state and federal debt of the United States now stands at $14 trillion. The United States, the world's largest creditor
nation when Ronald Reagan took office, is now the world's largest debtor nation. The federal debt has doubled in the last 8 years, during what is
reported to the American people as being a record setting economic boom. During this same supposed economic boom, the federal government looted your
social security trust fund for another 3/4 of a trillion dollars to balance the books.
A serious doubt exists as to whether this huge debt and its crushing interest payments ($60,000 per taxpayer since 1960) are really the responsability
of the taxpayers. Considering that the law under which this debt was incurred was voted into law before most of us were born, it's clear that the
taxpayers have never really had a choice in the matter. Certainly the young people of today, not yet old enough to vote, have had no choice regarding
the continuing payment of interest charges for a debt not of their making. To hand such a huge debt to our children and order them to pay it is
indentured servitude at best, outright slavery at worst. No valid argument exists as to why children not yet old enough to vote are obliged to pay the
debts of reckless government officials who held office before these children were born. The government decides that children shall be slaves to the
debt, so slaves they shall be (until some courageous parents decide to put a stop to it).
Virtually every argument coming from those who would convince us to go on parting with our hard-earned money to pay this massive and impossible debt
amounts to a claim that we always have the choice to vote for politicians who will somehow change things, and that the election of a particular
candidate amounts to approval of his or her policies. Put simply, the fact that the public voted for Bill Clinton amounts to permission by the public
for him to run the federal government deeper into debt and loot our retirement money, or so goes the theory.
Rest of the article:
www.whatreallyhappened.com...