About 'united states debt to china'|China and the United States debt
There was a time, not too long ago, when the United States had a robust and growing economy. However, some men decided that it was time for a war. Now, we have all heard that old saying that "When the economy is bad, start a war." It was clear to some that at the end of the Clinton Presidency that the economy was going to suffer a down turn, but nobody could conceive of how bad it would get after 911 and into the wars with Iraq and Afghanistan. Now, the United States finds itself in debt to rich bankers and other countries, such as China. A country which is not friendly to the U.S. even though we have afforded them "Most Favored Nation" status, and we import almost every product we use from the Communist country. It has been estimated that the war in Iraq alone is costing the American tax payers approximately $200 Million a day. The country has a national deficit of $9 Trillion dollars; yes that is Trillion with a T. Actually, if the dollar were worth what it once was the debt would really only be about $4.5 Trillion, but the dollar has lost much of its value due to the Fed trying to keep it afloat. Nevertheless, what we find is that while the administration is conducting multiple wars and speaking of engaging in others, they are not taking care of the U.S. citizens. One issue comes to mind, and that is the SCHIP legislation which was vetoed by President Bush. The SCHIP would have provided healthcare to those that fall through the cracks in the healthcare system. These are the people that earn too much to qualify for social programs, but do not earn enough to pay the high cost of healthcare. I must admit that I do fall into this category and it is quite frustrating to see that illegal aliens can get free assistance from my own government, but I cannot even get a little help in paying for my healthcare premiums. Another sticking point for me is that we are spending Trillions of dollars to kill people in another country, but we will not spend a few billion to help people here at home. Priorities seem to be a little skewed lately and the American people are beginning to get wise to it. In times past, it seemed that a good war was always good for the economy. World War II for example was a large contributing factor in achieving monumental fiscal growth following the Depression of the 1930s. However, something has changed in the dynamic equation and it does not seem to be working this time. I believe it has to do with the corporations and the bankers which are profiteering from these wars, yet the American people are seeing no benefit from this because all of the jobs are outsourced to other nations and the money cannot find its way into our economy. These are some very greedy and unscrupulous people which are destroying this great country for mere profits. The American people need to awaken and see how they have been deceived and swindled by the bankers and the rogue corporations which only trade in human suffering, slave labor, and the accoutrements of war. Sources Website - Zfacts (National Debt Counter) http://zfacts.com/p/461.html Website - MSNBC (Cost of Iraq War) http://www.msnbc.msn.com/id/11880954/ Website - Forbes (Dollar Devaluation) http://www.forbes.com/2005/04/07/cz_0407oxan_housing.html Website - Economic Policy Institute (China and the Dollar/ Job Losses in U.S. Linked Directly to China) http://www.epinet.org/content.cfm?id=2674 Website - NPR (SCHIP) http://www.npr.org/templates/story/story.php?storyId=15835063 War Profiteers Website - Halliburton Watch (Halliburton) http://www.halliburtonwatch.org/ Website - Corp Watch (DynCorp) http://www.corpwatch.org/article.php?list=type&type=18 Website - Blackwater Book (Blackwater) http://www.blackwaterbook.com/ |
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