COUNTER THINKBush's spending record speaks for itselfTue Nov 8, 2005 20:02184.108.40.206
Bush has now borrowed more foreign money than all 42 presidents combined.
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Bush's spending record speaks for itself
The Greatest robbery of America
The History of America’s Money System
THIS IS THE GREATEST SCAM IN THE HISTORY OF THE UNIVERSE!!
The Federal Reserve Bank only creates the Principal - not the usury or interest that it lends to the U.S. government. Therefore the usury can NEVER be repaid and the end result is foreclosure and bankruptcy.
In 1765, the Bank of England demanded that the American Colonies pay taxes in British specie or coins which the people did not possess. If they had borrowed from the Bank of England to pay the tax, the end result would have been the same: foreclosure and bankruptcy with the Bank owning everything!!
CLICK HOME STUDY: http://www.apfn.org/APFN/MONEY.HTM
Making a mockery of fiscal discipline
San Jose Mercury News, United States - 12 hours ago
With the federal budget deficit coming in at $319 billion for the year that ended Sept. 30,
MORE: Congress has reawakened to fiscal rectitude. ...
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Meanwhile, Bush has now borrowed more foreign money than all 42 presidents combined.
Bush Borrowed More Than All Previous Presidents Combined, Group Says
By Melanie Hunter
CNSNews.com Senior Editor
November 04, 2005
(CNSNews.com) - President Bush and the current administration have borrowed more money from foreign governments and banks than the previous 42 presidents combined, a group of conservative to moderate Democrats said Friday.
Blue Dog Coalition, which describes itself as a group "focused on fiscal responsibility," called the administration's borrowing practices "astounding."
According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion.
"The seriousness of this rapid and increasing financial vulnerability of our country can hardly be overstated," said Rep. John Tanner (D-Tenn.), a leader of the Blue Dog Coalition and member of the House Ways and Means Committee.
"The financial mismanagement of our country by the Bush Administration should be of concern to all Americans, regardless of political persuasion," said Tanner in a press release.
Earlier this year, the Blue Dog Coalition unveiled a 12-step plan to "cure" the nation's "addiction to deficit spending." It included requiring all federal agencies to pass clean audits, a balanced budget, and the establishment of a rainy day fund for use in emergencies specifically a natural disaster.
"No American political leadership has ever willfully and deliberately mortgaged our country to foreign interests in the manner we have witnessed over the past four years," said Tanner. "If this recklessness is not stopped, I truly believe our economic freedom as American citizens is in great jeopardy."
Worse Than Alan Greenspan
The Federal Reserve
By THOMAS D. SCHAUF, CPA
Main Page - Wednesday, 11/09/05
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