HOW MUCH TRUTH CAN AMERICA TAKE!! (National Debt)

HOW MUCH TRUTH CAN AMERICA TAKE!! (National Debt)

(WRITTEN 2011)(UNEDITED, UNABRIDGED)

Americans must look past the fear and emotion mongering of political spin artist to get at the truth. Her are several facts about America and it’s National Debt:
American has Always Been In Debt

Before the first session of the U.S. was in dept before the Congress close. The public debt was more than $75 million, Since that time it has never been paid down.

The Chinese Are Not the Us “Bankers”

The reality is that, as of 2010, China held only 9.5 percent of our outstanding debt. The largest lender to the U.S. government is the people and corporations of the United States. The Us owe 42.1 percent of the national debt in the form of Treasury bills (T) and the bulk in dept. are hold by American corporation, the very ones that don’t want to pay their taxes!

3. Republicans Leave More Debt Than Democrats:

Between 1960 and 2010, federal spending as a share of the economy has moved around within a fairly narrow range of between 17.7 percent (under Eisenhower) and 21.8 percent (during the first George Bush's term in office). Republicans are just as happy to spend, but they run on tax cuts. However, they operate on “Tax-cut for the rich and spend on the legislation for private profits!” In the mean time Republicans label Democrats the “Tax ad spend” party. In fact toe tax and spend is the only way to keep a balanced budget and pay your way all along the way! It's been Democrats who are far more conservative when it comes to keeping deficits under control than their Republican counterparts.

4. You Never Paid for That Empire

It's ironic testament to the influence of the conservative massive message machine on American beliefs that in the discussion of the public debt so frequently centers on “entitlements” like Social Security (which hasn't added a penny to the national debt). Actually the bulk of our national is from policies which lead the US into war (or profit) was by the “Fourth Branch of Government” made u[ of Corporations! After all, we're still paying for WWII, Korea and Vietnam and Grenada and Panama and the first Gulf War and Somalia and the Balkans and on and on. (Joshua Holland, The 15 Biggest Lies About the Economy (and Everything else the Right Doesn't Want You to Know About Taxes, Jobs and Corporate America), Altermet.org March 25, ,2011)

5. Solving the present financial crisis

American will never get out of this “Financial Crisis” with the greedy, amoral, criminal people that deliberately caused it, sitting in the decision making group.

Dr. J. Alva Scruggs, BS, MS, MA, EdD

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