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Title: Obama-Stein: What Would Ronals Reagan Say Today? View count: 90 Rating: 5.0 (1 ratings) Description: I think he would say to the bankers and the CEO's of the auto companies. You screwed over the American people. "You're Fired"! Then he would turn to the justice dept. and ask them to find each CEO a place to spend the 10-20 years for their corruption. I think he would say to the senators and congressmen who were in office while these companies screwed over everyone, "Where the "Hell" were you" when all of this corruption and mismanagement was happening! Then I think Mr. Reagan would look into the TV and "Tell" the American people to tell their senator and congressman in the next election - "You're Fired"! Our country has had a "National Debt" since it began. However, since the end of WW2, it has become a malignant growing cancer. Eating up more and more of the American tax dollar. To the point that our dollar today value is down to about 50 cent on the dollar overseas. The central banks of Japan and China hold about half of our national debt. In another words, if they close the bank doors, the USA is in deep crap! As of May 2009, the US owed China $772 billion. That is BiLLION $$$$$$. The national debt equates to $30,400 per person U.S. population, or $60,100 per head of the U.S. working population, as of February 2008. That has gone up greatly in the past year. In 2003 $318 billion was spent on interest payments servicing the debt, out of a total tax revenue of $1.95 trillion—that is, 16.3% of total tax revenue. A variety of factors are placing increasing pressure on the value of the U.S. dollar, increasing the risk of devaluation or inflation and encouraging challenges to dollar's role as the world's reserve currency. If another currency or basket of currencies replaced the dollar as the reserve currency, the U.S. would face higher interest rates to attract capital, reducing economic growth for the long-term. The Economist wrote in May 2009: "Having spent a fortune bailing out their banks, Western governments will have to pay a price in terms of (higher taxes) to meet the interest on that debt. In the case of countries (like Britain and America) that have trade as well as budget deficits, those higher taxes will be needed to meet the claims of "foreign creditors". Given the political implications of such austerity, the temptation will be to default by stealth, by letting their currencies depreciate. Investors are increasingly alive to this danger..." The US is near Bankrupt! Tags: ronald, wilson, reagan, democrat, republican, liberal, conservative, barrack, obama, president, united, states, america, american, military, officer, world, war, ii, national, debt, deficit, veteran, army, air, force, marines, navy, us, usn, usmc, usa, washington, dc, congress, senate, iran, iraq, john, kennedy, russia, cold, bonds, china, credit, 911, 9/11, trade, center, wtc, pentagon, muslim, extremists, middle, east, social, security, senior, citizens, medicare, medicaid, fannie, mae, freddie, macwaste, fraud, Author: ObamaSteinNo2012 |
