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Started by William A Bacon
Wed, 11 Nov 1992 15:06
national debt threatens America
Author: William A Bacon
Date: Wed, 11 Nov 1992 15:06
Date: Wed, 11 Nov 1992 15:06
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GOVERNMENT INDEBTEDNESS THREATNESS AMERICA
"In the recent election, the most compelling issue confronting the
nation was merely glossed over by the Democratic and Republican presidential
nominees. And though it was given a good deal of attention by Ross Perot, he
managed to recommend the wrong solution to the problem. All of which means
that this problem will just get worse."
So states John F McManus, the national president of the John Birch
Society. What problem is he referring to? "It's the red-ink, massive national
debt that has quadrupled since 1981 when the Reagan Bush adminstration began.
From $930 billion in 1981, the national debt has soared past the $4 Trillion
level this year," he added. "Interest on this debt now consumes $330 billion
per year - far beyond our spending for national defense!"
The Society President noted that, since there are about 250 million
Americans, "Simple arithmetic shows that the bill for interest alone this
year - a burden we all pay through various forms of taxation - comes to
$1,300 for every man, woman, and child in this nation. We are mortgaging our
future and that of our children and grandchildren."
Mr. McManus notes that George Bush and Bill Clinton talked a lot about
the spiraling deficit. "But it was all talk," he claims. "because each
advocated programs that will only make the problem more severe. And Ross
Perot said he would raise taxes to reduce the deficit when theonly sane
solution - reducing the size and cost of government - was ignored."
The Birch Society maintains that the key to America's economic survival
rests with the House of Representatives. The U.S. Constitution mandates, "All
bills for raising revenue shall originate in the House..." According to the
Society, if the House refuses to initiate legislation to fund unconstitional,
costly, or dangerous programs, "these programs will die and there's nothing
the President or the Senate can do about it."
Mr. McManus insists that "allowing our government to spend wildly, to run
up irresponsible deficits, and to tax us unmercifully constitutes the path
too tyranny. We owe it to ourselves to put a stop to this treachery, and the
place to start is with the U.S. House of Representatives."
In 1993, the Birch Society plans to place an increased emphasis on its
TRIM (Tax Reform IMmediately) Program which distributes the voting record of
all U.S. representatives on major spending legislation.
John F. McManus, Prsident of the John Birch Society
770 Westhill Blvd.
Appleton, WI 54915-5787
call 1-800-JBS-USA1
and ask for our $5 informational packet
(have major creditcard ready)
------
techie@cellar.org (William A Bacon)
The Cellar BBS - (215) 654-9184
Re: national debt threatens America
Author: Rick Morris
Date: Thu, 12 Nov 1992 12:40
Date: Thu, 12 Nov 1992 12:40
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techie@cellar.org (William A Bacon) at it again!: > > The Society President noted that, since there are about 250 million >Americans, "Simple arithmetic shows that the bill for interest alone this >year - a burden we all pay through various forms of taxation - comes to >$1,300 for every man, woman, and child in this nation. We are mortgaging our >future and that of our children and grandchildren." Hey! I pay 10x that amount annually to the FED. I guess the deficit is not that bad after all! -Rick. -- Rick Morris Email: rick@sadtler.com Sadtler Research Labs, Philadelphia -But I speak for myself ---------------------------------------------------------------
Re: national debt threatens America
Author: Frederick Arthur Furia
Date: Thu, 19 Nov 1992 07:20
Date: Thu, 19 Nov 1992 07:20
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In article <1992Nov12.124036.3880@sadtler.com> rick@sadtler.com (Rick Morris) writes: >techie@cellar.org (William A Bacon) at it again!: >> >> The Society President noted that, since there are about 250 million >>Americans, "Simple arithmetic shows that the bill for interest alone this >>year - a burden we all pay through various forms of taxation - comes to >>$1,300 for every man, woman, and child in this nation. We are mortgaging our >>future and that of our children and grandchildren." > >Hey! I pay 10x that amount annually to the FED. I guess the deficit is not >that bad after all! Okay. Just spend 250 million times that this year and we'll be done with this silly little debt problem in no time! Something else interesting about taxes... Did anyone else hear Perot say in a debate that he has spent over a billion dollars in taxes in his lifetime? I found that simply amazing! Fred
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