1. A.    Every day the INTEREST on the national debt costs the country half a billion dollars, every single day.

    
2. B.     By 2019 the Interest on debt will cost America more than our national defense does. By 2020 we will owe $24 TRillion.

    
3. C.      Our national debt is larger than the combined economies of the 3^rd largest; 6^th largest and 14^th largest economies in the world . . . that is, our debt is larger than the economies of China, the United Kingdom and Australia altogether.

    
4. D.    The current “Obamacare” health bill is designed to cover-up the fact that Medicare currently has obligations totaling $34 TRillion it canNOT meet. Medicare will be bankrupt by 2016. The same thing has already happened to our other two monstrous government spending boondoggles Social Security and Medicaid. The dire status of those two programs were hidden by legislation that made the debt appear to go away, but which did nothing about the underlying fiscal atrocities. Social Security is scheduled now to go bankrupt in 2037, but in reality it’s been bankrupt since 1988.

    

   E.      The Federal Reserve this year has printed up fourteen new dollars for every dollar circulating in 2008. Currently, the theoretical value of today’s dollar is 6-7 cents in buying power compared to the same dollar in 2008. Only people’s faith in the money keeps that from happening . . . for awhile.
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6. F.      China, Russia, India and Brazil have already put forth suggested measures to remove the dollar as the World’s Reserve Currency. This is not done lightly, next to the United States and Japan, these nations stand to lose far more than most if the dollar loses its prestigious place in the world economy. But their efforts aim to get perhaps one-fifth or even one-fourth the current value rather than waiting till the United States dollar is worth four or five cents of its current buying power.
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8. G.     The coming tax hike on the middle class American is likely to doom any hope of economic recovery; but even without a tax hike the present banking crisis and real estate crisis have shattered the nation’s confidence.
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10. H.    The dollar has lost over 13% of it exchange rate value in just the last seven months.

     
11. I.       Unaffected, seemingly, Barak Obama is trying to create far more debt with his health care bill; to stifle the nation’s productive capacity with a cap and trade bill that will drain the country of $220 Billion every year. And he’s promised/threatened to create five million new green-tech jobs apparently unaware that a similar law in Spain cost 22 real jobs from the wider economy for every single permanent green-tech job created. He has also spent a lot of taxpayer money on the “cash for clunker’s program” which no matter how it’s analyzed is another government spending boondoggle. So much for jive-talking your way into the presidency . . . .

Ya’all live long, strong and ornery,

Rajjpuut