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                                  THE GROWTH OF DEBT!

  

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          1780 until 1965 ............................... $250 billion

          President Reagan 1980 ........................... $1 trillion

          President Bush 1988 ............................. $2 trillion

          President Clinton 1994 .......................... $4 trillion

  

          (this puts the lie to considering debt as a percentage of GNP)

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          The national debt is a house of cards since it is based on a

          belief system; a belief in the strength of America.  That means

          anyone purchasing American debt must believe their investment

          will be safe for the next five years (the security's term) and

          that they will see a profit from the interest.  If that belief

          falters even a little, people, corporations and foreign

          countries will refuse to buy American securities.  After all

          would you lend money to anyone who owed more than six times

          their total annual income and had to pay it all back in five

          years.  That's the position we will be in by 1996.  The government

          will then be forced to raise the interest paid on these

          government securities to lure the buyers back.  This will cause

          interest payments on the debt (whatever it is at the time) to

          rapidly swallow more budget creating more of a deficit and the

          need for further borrowings and the spiral will continue.

          Finally, when no one will take the securities at any price, the

          government will go to the Federal Reserve and make it buy what

          it needs.  This is called "monetizing the debt."  It means

          printing money (this is already happening).  Inflation will

          skyrocket to thousands of percent annually.  Foreign markets will

          no longer accept the dollar as payment for imports.  That means

          no foreign oil which now makes up of our energy needs.  Gasoline,

          already wracked by inflation will all but vanish.  This will

          impact the supply of everything else since delivery depends on

          fuel.  People will be standing in lines to buy everything with

          worthless dollars.  Unemployment will reach unparalleled

          proportions.  In short, we will again be on par with the Russians

          as a world power.  Every world power throughout history has had

          an end.  Can we afford to believe that America is somehow special

          and that it can't happen to us?

  

          So, with this cancerous growth of debt, why can't the government

          fix it.  They have tried repeatedly and failed.  Nearly 10 years

          ago (and $3 trillion less of debt) the Gramm-Rudman-Hollings Act

          was passed.  It placed into law spending cuts of $36 billion per

          year for five years.  This was to bring the deficit to zero by

          that time.  In 1987, it was voted to reduce those cuts and in

          1990 the Act was virtually abolished as the debt soared.  Early

          in 1994, Rob Anderson (D., N.J.) and Bill Zelif (R., N.H.)

          introduced legislation (The A to Z Spending Cuts Plan) that

          would require a special session of congress to have a full house

          vote on every item in the budget including ENTITLEMENTS (50% of

          the budget) which are now off limits in any budget discussion.  A

          House majority signed the legislation but the Rules Committee

          blocked it.  That's how congress works.  It is made up of small

          kingdoms called committees that are able to block popular

          legislation all by themselves and these little kings reign for

          decades.  This is where the true power of our government lies.

  

          But ultimately it's we who are to blame.  Elected officials

          respond only to the loudest voices.  If the people don't demand

          an end to deficit spending, they will not get it.  The people must

          make it an issue.  An NBC poll found that 85% of Americans

          believe elected officials are more concerned with getting

          reelected than doing what's right for the country.  Yet we

          continue to reelect these same people 95% of the time.  That's

          because the debt is an insidious enemy; no one will feel it's

          effect until a collapse is imminent.  Then it will be too late.

  

          Through out American history men and women have given their

          lives for its security.  All I'm asking for is a small effort to

          save us from a threat as real as any foreign power.  If this

          letter sickens you then PLEASE copy it and pass it on to others

          or mail it to at least 20 other Americans but do it TODAY!!!!!

          DON'T BREAK THIS CHAIN!!!!

  

          IF YOU LOVE YOUR COUNTRY READ THIS, MAKE COPIES AND PASS IT ON.

          IT'S WHAT THE POLITICIANS DON'T WANT YOU TO KNOW ABOUT THE DEBT.

  

          ================================================================

          America is nearly $ 5 TRILLION in debt and rapidly failing

          further.

  

          To get some kind of idea just how much this is, imagine that

          someone gives you $1 million each and every day from now on

          until you get to $5 trillion.  It would take you 14,000 years!

          And now the entire debt must be refinanced every 5 YEARS!!!

  

          America adds another $1,000,000,000 to the debt every 44 hours.

  

          This time period is expected to shrink to every 25 hours by 1997.

  

          To pay for this we will spend $300,000,000,000 on interest this

          year.

  

          This is more than $1000 for every man, woman and child in

          America and it provides us no services, no roads and no added

  	security.

  

          We are now paying $1,000,000,000,000 ($1 TRILLION) every year to

          welfare and interest.  That is 70% of the total Federal Budget

          while only $0.30 of every welfare dollar goes to those below the

          poverty line.  Aaron Spelling, producer of The Love Boat and

          Beverly Hills 90210 lives in a 55,000 sq.ft. palace in Beverly

          Hills and is still eligible to receive his Social Security check

          every month.

  

          Only 30% of our tax dollars are left to defend and run the

          country.

  

          Because entitlements (welfare) and interest payments are growing

          at such a fast pace President Clinton has asked congress to cut

          $80 billion from defense over the next five years.  The programs

          to be axed are; the Air Force's F-22 jet fighter, the Army's

          Comanche helicopter, the Navy's New Attack Submarine, the

          Marines V-22 Osprey tilt rotor transport and more too numerous

          to list.  With the current readiness of our armed forces we could

          not mount another Desert Storm.



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