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16-11-2007 04:18
Iraq War & National Debt
The national debt is now over 9 TRILLION dollars ($9,118,252,055,100)…quite a legacy to leave to children and grandchildren. Since when has it been acceptable to spend so irresponsibly? Have any of you taught your children or grandchildren such gross abuse and irresponsibility? Well, our government IS teaching them this fiscal irresponsibility 
The estimated population of the United States is 303,521,314 
so each citizen's share of this debt is $30,041.55 (That includes your infant children and grandchildren) 
See more details here: 
http://www.brillig.com/debt_clock/ 
 
A large chunk of that 9 TRILLION dollar debt is held Internationally in the form of U.S. Treasury securities (misnomer for your pocket book!!!). The U.S. Treasury statistics indicate that, at the end of 2006, foreigners held 44% of federal debt held by the public.[30] About 66% of that 44% was held by the central banks of other countries, in particular the central banks of Japan and China.  
See details here:  
http://www.fms.treas.gov/bulletin/index.html 
http://www.gpoaccess.gov/usbudget/fy08/pdf/spec.pdf 
 
We are almost at 4,000 fatalities of U.S. Soldiers in the falsely named war called “Operation Iraqi Freedom.” 
See details here: http://projects.washingtonpost.com/fallen/ 
 
Approximately 1/3 of this 9 TRILLION dollar debt can be attributed to the senseless Iraq War that has not made the people of that country any more free and has not made it any safer, but rather much more dangerous. There have been tens of thousands of civilian deaths and the country has been flooded with money and weapons from extremists outside the country. It is also a war that has put Iran backing Shiite majority in control.  
 
 
World famous economists John Meynard Keynes and Friedrich Hayek had it right (The gain of government however is really the gain of the Federal Reserve controlled by the central bankers) : 
 
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”  
-John Maynard Keynes 
 
“I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.“ 
Friedrich August von Hayek 
 
 
Ron Paul is the only candidate talking about this gross fiscal irresponsibility and debauchery of our currency. He is the only candidate, or congressman for that matter, who has addressed this issue for that last 30 years serving as a Congressman in Texas. 
 
Watch the video at the very bottom of this page (scroll all the way down) entitled “The Federal Reserve” to understand further how we have gotten into this fiscal nightmare: 
http://www.teaparty07.com/
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