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US GOVT DEBT INCREASES $50 BILLION IN THE LAST 2 WEEKS


Michael Cloud
Submitted by Don Stacey
Mar. 17, 2005

This message just arrived and I recommend that you read it carefully. And then TAKE ACTION!

Don Stacey ++++++++++++++++++++++++++++++++++++++++++++++

BIG GOVERNMENT SLEIGHT-OF-MOUTH: CUTTING THE FEDERAL DEFICIT by Michael Cloud

On July 15, 2003 President Bush promised to cut the federal deficit in half by 2006. On December 20, 2004 President Bush promised to cut the federal deficit in half by 2009.

By holding down federal spending increases to a measly 3% to 4% per year, Congress and the President will give us a bare-bones, fiscally conservative 2009 federal budget of $3 Trillion.

This is where the Republican and Democrat partisans start arguing. But did you catch the political sleight-of-mouth? The 3 Card Monte? The semantic shell game?

They're trying to pass off the word "deficit" for "debt." They're hoping we won't notice the switch.

"Federal Debt" is how much the government owes. "Federal Deficit" is how much the government is overspending this year. Borrowing is how the federal government covers the overspending.

Depending on whose spending numbers you believe, the federal government will overspend $300 Billion to $450 Billion each year during President Bush's second term.

Did you get that? If niot, go back and reread it.

The federal government will borrow another $1.5 Trillion. This will increase the federal debt to roughly $9.3 Trillion.

Depending on whose tax numbers you believe, the federal government will take in $300 Billion more per year in taxes in 2009 than it takes from us today.

But we're not supposed to notice these consequences of federal overspending, of federal borrowing. We're supposed to miss the fact that "reduced deficits" increase the federal debt. We're supposed to blindly ignore the truth that "lower deficits" means a federal debt higher than it is today.

We're supposed to foolishly forget that "cutting the federal deficit in half" means adding $250 Billion each year to the federal debt.

Don't let the Big Government politicians get away with this sleight-of-mouth.

"Deficit" is how much they're overspending. Borrowing is how they're covering it. "Debt" is the total amount owed.

FEDERAL GOVERNMENT INCREASES DEBT $50 BILLION JUST SINCE MARCH 1ST -- THAT'S BILLION, WITH A "B"!

Democrats and Republicans in Congress - the Partnership for a Big Government America - through federal overspending and borrowing, increased the Federal Debt from $7.7 Trillion to $7.75 Trillion since March 1st.

That's right. They increased the Federal Debt by another $50 Billion in the last 2 weeks.

That's the LAST TWO WEEKS. The last two weeks. FIFTY BILLION - did you get that?

"Someone" will have to pay this back. Either us or our kids. The ONLY alternative is to destroy the dollar.

If this doesn't outrage you, then you're not informed. If you are NOT angry now, go back and reread this very short article.

Then pick up the phone, or grab your keyboard, and complain to your elected officials - for what that's worth -- which in case you didn't know, it's worth VERY LITTLE.

We either change our government with words or weapons.

Source: U.S. Department of the Treasury, Bureau of the Debt ===============

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