"...But there's another problem. The government is borrowing so much money that it drives the interest rates up! You pay MORE interest on your mortgage, car loan, and credit cards, because the government cannot balance its books. That extra interest you pay is therefore another hidden tax. The government, in its 'generosity', gives you a tax credit on mortgage interest that is higher because of their own borrowing!"...
"...Our nation is in trouble. We don't make many of the products we used to make. Consequently we don't have the products to sell that we used to. We don't even make most of the products we need ourselves (like that computer you're staring at this very moment). Result: we have a massive trade imbalance. Cash is flowing out of the nation, and it's not coming back in anywhere near as fast. There's no way to spin it; that is a major problem. Our nation is becoming poorer, it is hopelessly in debt, and all the artificial escalation of stock prices cannot conceal that.
And as the artificially pumped up stock market continues to decline, the true scale of the economic horror which is the product of decades of government corruption, will become apparent to all."
United States Congressional Record - March 17, 1993 - Vol. #33, page H-1303 - Speaker- Rep. James Traficant, Jr. (Ohio) addressing the House of Representatives.
Odd how he went from fiscal conservative to outright thief.. Oh, wait a minute: That's called a neo-con. You know, the ones who don't fix the problem, they just it fix it so it works for them.
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1 comment:
Gil ... maybe Traficant wasn't a crook at all.
Watch my backyard neighbor (a test pilot with a Top Secret clearance) testify to Congress about criminal misconduct by the federal prosecutor pursuing Traficant.
Read this sworn affidavit from a retired Navy Captain (who also holds a Top Secret clearance) about criminal prosecutorial misconduct in pursuit of Traficant.
Things are not always as they seem.
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