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3 total messages Started by William A Bacon Wed, 11 Nov 1992 15:06
national debt threatens America
#27
Author: William A Bacon
Date: Wed, 11 Nov 1992 15:06
47 lines
3203 bytes
           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
#28
Author: Rick Morris
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
#51
Author: Frederick Arthur Furia
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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