Re: WHY IS AMERICA BANKRUPT?
From: "Bruce Perovich" <magicandvariety@verizon.net>
Date: April 16, 2010 9:48:35 PM PDT
To: "Bill Perron" <crystalman23@earthlink.net>, "Alma Carey" <almacarey@sbcglobal.net>
Subject: WHY IS AMERICA BANKRUPT?
"$11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments. etc"
I didn't get to the hateful parts so I just responded to the first number:
I love Xenophobia. It’s so easy to disprove. And I don’t need HUGE obnoxious lettering to make the points, but I’ll try.
Ok, let’s start with the numbers. According to the National Priorities Project.org, (a NON-BIASED government budget watchdog):
“To date, $1.05 trillion dollars have been allocated to the wars in Iraq and Afghanistan. The national, state, and local numbers we provide are based on the total approved amounts through the end of Fiscal Year 2010.”
 Remember where this money goes...OIL and WEAPONS industries, their LOBBYISTS, ATTORNEYS and our corrupt Puppet governments to keep an eye on our perceived enemies (before we perceive them as enemies as well to sell more oil and weapons).
More numbers: According to the Geld Press.com (another un-biased government & financial watchdog):
Total Bailout Cost Approved For $8.5 Trillion – So Far
And we all know that money goes to fatcat BANKERS, LOBBYISTS, ATTORNEYS and Political Action Committees (Bagmen who hand the money over to the politicians...with YOUR MONEY!)
8.5 trillion + 1.05 trillion = 11 TRILLION!!!! Kinda makes that $11 Billion to $22 billion seem kind of puny, huh?
Let’s say you hate illegal immigrants. Fine.
Let’say you ignore reality (11 TRILLION!!!! ) Fine.
What about self-preservation? When illegal immigrants cross over here, I WANT them vaccinated against AIRBORNE TRANSMITTED TUBERCULOSIS. Use your head, people.
I do not see illegals sitting in the California State legislature FAILING to do their jobs and pass a COMPETENT budget. I see ONE LEGAL alien (R) Schwarzenegger “governing” a FAILED state economy, the worst in California history. Nope. No illegal immigrants here.
You seem like educated people. Don’t let hate and fear cloud your judgment. Check the VALIDITY of statements. Information and education are the enemies of prejudice. This is why schools close and teachers are demonized.
REMEMBER:
If we fight among ourselves, we won’t notice the politicians, LOBBYISTS, attorneys and corporate monopolies stealing food from your children’s mouths and their college funds. Don’t forget Wal-Mart (who uses Chinese sweat shops) for laying off 11,000 workers to stay within the Fortune 500. If you MUST hate...HATE THEM!
Thanks for allowing me to formally disprove this bullshit issue again. I will post this wonderful correspondence on my website for your reading pleasures. Keep ‘em comin’ folks!J
Y’all be cool! Right on!
Most abashedly,
CJ Davidson,
Host, producer
That Other Web Show.com
My friend and sponsor KC Ratner never heard of the Clinton Surplus. I found he was reading the NON-CREDIBLE material called "The Business Underground." , obviously skewed towred conservative dogma.
There's only 2, well 3 problems with this:
Lets take the first premise:
"Governments like to ‘stimulate’ the economy; it makes them feel like they’re doing something. They also, quite rightly, believe it will help them win elections. What they don’t like to think about is the long-term consequences of their actions."
1. These concerns were ABSENT while Cheney-Dubya CONNED us into the ILLEGAL Iraq War, which simply resulted in US PRIVATIZING this county's once Nationalized Oil Industry. 1.5 Trillion and growing
2. The Bailouts. "The Treasury borrows money and sets up a $700 billion slush fund for “too big to fail” corporations. It calls it the TARP and does what it likes with the money with little or no oversight."
Agreed. This was done under the Cheney-Bush Administration. Again, No concerns.
3 Credibility...
The Business Underground is written by an OBVIOUSLY Business-Skewed Journal. It says what it wants and most believe them. Try a CREDIBLE Natioanal NEWS Source..Like CNN:
 President Clinton announces another record budget surplus
From CNN White House Correspondent Kelly Wallace
September 27, 2000
Web posted at: 4:51 p.m. EDT (2051 GMT)
WASHINGTON (CNN) -- President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion.
"Eight years ago, our future was at risk," Clinton said Wednesday morning. "Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion."
President Clinton announces that the federal budget surplus for fiscal year 2000 is the largest in U.S. history
Instead, the president explained, the $5.7 trillion national debt has been reduced by $360 billion in the last three years -- $223 billion this year alone.
This represents, Clinton said, "the largest one-year debt reduction in the history of the United States."
"Like our Olympic athletes in Sydney, the American people are breaking all kinds of records these days. This is the first year we've balanced the budget without using the Medicare trust fund since Medicare was created in 1965. I think we should follow Al Gore's advice and lock those trust funds away for the future," he said.
In June, the administration predicted the surplus would be $211 billion, and would increase by as much as $1 trillion over the next 10 years.
"The key to fiscal discipline is maintaining these results year after year. We need to put our priorities in order," Clinton said.
The president's news comes as lawmakers on Capitol Hill continue to wrestle with the fiscal year 2001 budget numbers. The new budget year begins October 1, and work has been completed on only two of the 13 annual spending bills, as the Republican-led Congress and the White House remain at odds over spending allocations.
"I am concerned, frankly, about the size and last-minute nature of this year's congressional spending spree, where they seem to be loading up the spending bills with special projects for special interests, but can't seem to find the time to raise the minimum wage, or pass a patients' bill of rights, or drug benefits for our seniors through Medicare, or tax cuts for long-term care, child care, or college education," Clinton said.
"These are the things that need to be done and I certainly hope they will be and still make the right investments and the right amount of tax cuts," Clinton said.
Rep. J.C. Watts, R-Oklahoma, chairman of the House Republican Conference, said the GOP wants 90 percent of the surplus used for the debt. In a CNN interview, he said the other 10 percent should be used to "take care of a lot of priorities we have, like prescription drugs, making sure that our education needs are met, making sure some of our national security needs are met, and doing that while at the same time protecting the Social Security surplus and the Medicare surplus."
That approach would be in lieu of tax cuts, which "we can't do this year because the president vetoed it," Watts said.
Clinton unveiled the new numbers in a statement at the White House before departing for fund-raising events in Dallas and Houston.
"This is part of our fiscal discipline to reduce the debt with the federal surplus," said one White House official who asked not to be identified. Reducing the debt, the official said, has "real effects for real Americans." It means lower interest rates for mortgages, car loans and college loans, and leads to an increase in investment and more jobs."
It is the third year in a row the federal government has taken in more than it spent, and has paid down the debt. The last time the U.S. government had a third consecutive year of national debt reduction was 1949, said the official.
The federal budget surplus for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. Those back-to-back surpluses, the first since 1957, allowed the Treasury to pay down $138 billion in national debt.
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