July 27, 2010
As of 7/26/2010 our National debt is 13,261,223,866,406.98 so to put this in to perspective a couple of people and I decided that we would follow the money, this proved to be a brick wall task, true there is public notices of budgets but everything is agency specific without real numbers representing where our money is being spent. You can view these statements at the US Treasury IRS and even the office that is supposed to hold accountability of Government spending I had attempted to contact Michael Brostek,. (202)512-4800 U.S. Government Accountability Office . a message had been left requesting a balance sheet showing were the tax payers money has been spent, the has been no return call from MR. Brosteck.
Take some time out of your busy day and Google any number of key phrases looking for money that has been sent to foreign countries, you will only find that we as tax payers are sending billions of dollars but what you won’t find is the exact amount and you will not find out the real reason. In order for you to find the real information you will have to read the Barack Obama and Joe Biden’s Strategy to Promote Global Development document. Clearly stated within the pages of this document it says “Barack Obama and Joe Biden know that the American people are the greatest asset that this country has.” See the American tax payer is an asset now the definition of an asset is
(Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property. On a balance sheet, assets are equal to the sum of liabilities, common stock, preferred stock, and retained earnings. From an accounting perspective, assets are divided into the following categories: current assets (cash and other liquid items), long-term assets (real estate, plant, equipment), prepaid and deferred assets (expenditures for future costs such as insurance, rent, interest), and intangible assets (trademarks, patents, copyrights’.) so let me see if I understand this correctly you and I the American tax payer are assets owned wholly by our Government, like a farmer owns a pig or in most Americans case sheep. We are a commodity to be bought and sold.
- A d v e r t i s e m e n t
In another paragraph of this same document “Today, America’s ability to lead the world – and to promote development and democracy – is set back because we are perceived as arrogant.”
Obama pledges to Double Foreign assistance to 50 billion dollars by the year 2012, so back in the United States of America we have seen the bail outs of banks that were going to fail we saw the government buy out of GM and Chrysler. These companies had mismanaged their funds but the taxpayer was told that we needed them and that the banks were too big to fail and that if we let them fail our Economy would fail so we the tax payer had to foot the bill for saving these powers of industry. We were then told that we all needed health coverage and that is true we do but not the coverage that had been rammed down the taxpayers throat adding billions to the deficit and digging us further in to debt. Now we come back to the TARP funds and the bailouts paid to the banks and auto industry, the American sitting at home has now lost his job the banks are foreclosing on properties the funds that went to the banks is being sent to CEO’S as cash bonuses and not being spent to help build the economy the government does nothing to stop this.
This is a direct quote from that document mentioned above
Provide Sustainable Debt Relief to Developing Countries. The poorest countries in the world suffer under the weight of an enormous burden of external debt. Resources are flowing out of the least developed countries to creditors in the rich world, when these resources are desperately needed for health care, education, and infrastructure. We have seen that multilateral debt relief can be effective – 30 countries have seen their debt stocks reduced by almost 90 percent – but more relief is needed. Barack Obama and Joe Biden want to see 100 percent debt cancellation for the world’s heavily-indebted poor countries. They are committed to living up tothe promise to fully fund debt cancellation for Heavily-Indebted Poor Countries (HIPC). An Obama administration will also dedicate itself to preventing a future in which poor countries face pressing debt burdens again. They will press for reforms at the World Bank to ensure that poor countries receive grants rather than loans, and that countries have the resources they need to respond to the external shocks that threaten to derail economic progress. Barack Obama and Joe Biden will lead a multilateral effort to address the issue of “odious debt” by investigating ways in which “loan sanctions” might be employed to create disincentives for private creditors to lend money to repressive, authoritarian regimes.
And who do you suppose will pick up all that bad debt? If you say yourself than you are absolutely right.
America! great Citizens’ of the united states! where is the outrage ? you are losing your homes your family and friends are losing their jobs, but the most important thing is AMERICA YOU ARE LOSING YOUR COUNTRY!
There is not going to be help from the government for you or I we do not matter the only people who will receive help is the people who do not need it. You are not going to get a bail out but the people who really do run this country and this world they are, and they have, and it’s from you, we gave them everything we own and more and until people stand up we will continue to be hammered on by our Government.
Do not expect to see the tea party being a positive change for our government, yes they are mad at the government but they have also been hijacked, and after November it will be business as usual in Washington.
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