"America the Broke" . . . another reason to dump BushCo . . .

[OneBlueSky]

America the Broke
How the Reckless Spending of The White House and Congress are Bankrupting Our Country and Destroying Our Children's Future
by Gerald J. Swanson
Current Affairs | Currency | Hardcover | August 2004 | $24.95| 0-385-51304-6



“One day soon, our government will suddenly run out of cash, unable to meet its payments, leaving the United States as bankrupt as any banana republic. We are far more vulnerable than most Americans realize. . . With a debt of $7.3 trillion, if interest rates were to hit the levels we saw 20 years ago, it would take every nickel collected in income taxes just to pay the interest on our existing debt. There would be no money left for defense, or homeland security, or education, or Social Security.

This scenario is hardly fiction. That the United States of America can literally go broke is no longer a fantasy but likelihood—unless we stop the train now speeding us to Armageddon. If we do not get our financial house in order, and soon, our great nation will collapse under the weight of its financial obligations.

I believe we can prevent the catastrophe. But time is short. In the final reckoning, it’s up to us to do what’s needed to save America’s future.”—from America the Broke

The dirty little secret that neither George W. Bush nor Congress are willing to confront—that America’s reckless spending, disastrous deficits, and exploding debt are speeding our great nation to financial ruin.

- more . . .

http://www.randomhouse.com/doubleday/currency/catalog/display.pperl?isbn=0-385-51304-6

[Deja Q]

1. And with peak oil, that time is near. Here's how to prepare...

Tax cuts are insane... as is the one who authorized them...

I don't see any mainstream politician doing anything about it. Even Kerry has his limitations and all of America's people are more interested in paying fewer taxes than saving the government (I can't imagine why... </sarcasm> )

So I'm going to live until the house collapses and then buy a bag, duct tape, and a helium canister.