CAUTION! Don't let the President and Congress FOOL YOU! Their so-called Balanced Budget Agreement is pure "Blue Smoke & Mirrors." If it's so wonderful, ask them why INTEREST on the DEBT will be more in 2002 than in 1997? Ask them for their plan to pay-down & pay-off the National DEBT. Would it surprise you to learn they have none?Be wary of what the politicians of the two major parties tell you! They are masters of the HALF TRUTH, and a HALF TRUTH is a WHOLE LIE!
Demand that the President and the Congress tell you the whole truth about the DEBT! Fat chance... as long as they think they can continue to FOOL you with "happy talk" and "half truths" about Balancing the Budget!
That INTEREST bought us nothing! Think of it this way: That much money could have paid the cost of our Army, Navy, Marines, Air Force and Coast Guard (the entire Defense Department) for almost 11-1/2 years, but it didn't... it was just your Tax money up in smoke!
In addition to our $5.4 Trillion National DEBT, the Gov't has committed the Taxpayers to another $17.0 Trillion in unfunded Liabilities. The DEBT load to which the politicians have obligated present and future generations is immoral, illegal, shameful, and grossly unjust!
In Fiscal Year 1997, INTEREST was $356.0 $Billion, and will be more in '98. INTEREST is now , every hour of every day (Weekends & Holidays included!) ...and it will be a lot more by the year 2002!
In Fiscal '97 (Sept 30, 1997) the DEBT increased to $5.413 Trillion (up $188 Billion over '96), and INTEREST was $356 Billion (up $12 Billion over '96).
In '97, Taxes from over 58 million Average Taxpayers* went just to pay INTEREST on the DEBT! All their Tax money went down the rat-hole!
* (Based on Avg Tax paid of $6,127 by 100,625,000 Taxpayers) Source: Tax Foundation
It took the Income Taxes of all the Individual Taxpayers West of the Mississippi River to pay the INTEREST on the National DEBT!
Clearly, both of the major political parties have squandered our nation's treasure and totally mismanaged its finances... and continue to do so by adding more to the National DEBT every day!
We need a Leader who sees the problem clearly, and is willing to make the tough decisions to solve it. Sadly, we have neither a President, nor Leaders in Congress, who are willing to subordinate their own personal aims for the good of the country.
The solution to our country's problems lies NOT with either of the
two major political parties... they the problem!
Guess what Congress just did... gave themselves a $3,000 pay raise! ...and now in 1999, they're talking about another. 'Nuf sed!
Next time you see your Senator or Congressman, ask them for their Plan to pay-off the National DEBT. They'll squirm and start talking about Deficits and Balancing the Budget. Don't let 'em get away with that ol' maneuver.
You want the answer for the DEBT... not the Deficit! They're two different things. Here's what they are...
BUDGET DEFICITS AND THE NATIONAL DEBT A Deficit is amount by which the federal government's outlays exceed revenue in a given year.
The National Debt is the federal government's total indebtedness at a moment in time. It is the accumulation of previous deficits plus outstanding interest.
How much debt are we in? Currently, we have approximately a $5.4 trillion national debt. This amounts to $20,000 per person living in the U.S.
The U.S. budget deficit in 1996 was approximately $107 billion, down from $170 billion in 1995.
The Deficit has gone down, but the DEBT (and INTEREST thereon) continues to grow! Do you get the feeling that the politicians aren't telling you the WHOLE TRUTH?
Now, repeat your question. What's the Plan to pay-off the National DEBT? If they try to tell you about some Plan, they're lying, coz they don't have one!
Now, you might want to say, "Well, Congressman, I suggest you better come up with a Plan pretty quick, or your replacement will!"
There's nothing nasty about talking to your Congressman this way... It's the only language they understand!
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