America for Sale
Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty
ONEThe U.S.A. Bankrupt
Debt cannot go on compounding faster than output forever.
-- James Dale Davidson and Lord William Rees-Mogg, The Great Reckoning, 1991
In February 2009, as the Obama administration pushed a $787 billion deficit-spending economic stimulus plan through Congress, the American public was largely unaware that the true deficit of the federal government was already measured in trillions of dollars.
Moreover, total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, have effectively placed the U.S. government in bankruptcy, even before we take into consideration the future and continuing social-welfare obligations embedded within the Obama administration's massive new spending plan. According to the U.S. Treasury, the total obligations of the United States in 2007 exceeded a negative $59 trillion, a sum that was more than the 2007 gross domestic product, or GDP, of t ... read full excerpt from: America for Sale: Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty ebook