Prior to the arrival of Ronald Reagan there had never
been a U.S. President who left behind a U.S. national
debt of over $1 Trillion dollars. Reagan ushered in
what I am calling here the era of the Four President
Horsemen of the U.S. Apocalypse. The Apocalypse I have
in mind is the U.S. National debt:
Reagan-9/30/88 = $2.6 Trillion national debt
Bush 41-9/30/92 = $4.0 Trillion national debt
Clinton-9/30/2000 = $5.6 Trillion national debt
Bush 43-9/30/2008 = $10.1 Trillion national debt
It will be observed from the above figures that in the
12 years from the first horseman until the third
horseman the U.S. national debt approximately doubled.
It will also be observed that in the eight years from
the third horseman to the fourth horseman the
U.S. national debt approximately doubled again. That
means that currently every 10 years on average the
U.S. national debt doubles. That further means that
if this current trend continues, then expect this:
President?-9/30/2018 = $20 Trillion national debt
President?-9/30/2028 = $40 Trillion national debt
President?-9/30/2038 = $80 Trillion national debt
President?-9/30/2048 = $160 Trillion national debt
You say, perhaps, that it can't really get as bad as
what I showed for 9/30/2048. If so, I reply why not?
America for over 20 years has been in the cycle of
doubling the U.S. national debt on average every 10
years. No Republican or Democratic President has
seriously attempted to stop the cycle in those years so
which Republican or Democratic President is going to
seriously attempt to stop the cycle in the next 40
years? In my view, under the current state of most
American attitudes if one President even seriously
tried to stop the cycle the political fallout for him
and his political party would be extremely serious.
And what President or political party in America wants
extremely serious fallout?
Some will say, perhaps, that Bill Clinton already
showed the way to recovery with his balanced budgets.
To such I say consider this:
Clinton's "balanced budgets" are an illusion
spread by the Main Stream Media.
No U.S. President has really had a balanced
budget since 1957 and Dwight Eisenhower.
Balanced budgets are a good starting point for
beginning to stop the apocalypse of the U.S. national
debt but since there hasn't been a balanced budget
since 1957 and Eisenhower, then when do you think
some U.S. President is going to start them again?
By the way, Eisenhower had two balanced budgets
back to back, 1956 and 1957.
Update-Nov 24: The $7.7 Trillion Bailout?
U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit:
'...Bloomberg News tabulated data from the Fed,
Treasury and Federal Deposit Insurance Corp. and
interviewed regulatory officials, economists and
academic researchers to gauge the full extent of the
government’s rescue effort...'
'...The worst financial crisis in two generations
has erased $23 trillion, or 38 percent, of the value
of the world’s companies and brought down three of
the biggest Wall Street firms...'
Update #2-Nov 26: $1 Trillion budget deficit for 2009?
Federal deficit could hit $1 Trillion this year:
'...Obama said at a news conference Tuesday, "Budget
reform is not an option. It's a necessity..."'
'...Budget hawks were stunned when the federal deficit
hit a record $455 billion in fiscal 2008, which ended
Sept. 30, more than double the previous year's deficit.
But now, even the fiscally conservative say another
doubling, to $1 trillion or more, may be inevitable...'
Update #3-Nov 26: The $8.5 Trillion Bailout?
Government bailout hits $8.5 trillion:
'The federal government committed an additional $800
billion to two new loan programs on Tuesday, bringing
its cumulative commitment to financial rescue
initiatives to a staggering $8.5 trillion...'
'...Given the unprecedented size and complexity of
these programs and the fact that many have never been
tried before, it's impossible to predict how much they
will cost taxpayers. The final cost won't be known for
many years...'
'...Most of the money, about $5.5 trillion, comes from
the Federal Reserve, which as an independent entity
does not need congressional approval to lend money to
banks or, in "unusual and exigent circumstances," to
other financial institutions...'
Saturday, November 22, 2008
Thursday, November 13, 2008
America's Financial Armageddon
Short History of U.S. National Debt:
-1835 Zero national debt
-1864 $2.7 billion
-1920 $25.9 billion
-1930 $16.2 billion
-1940 $43 billion
-1950 $257 billion
-1960 $290 billion
-1970 $389 billion
-1980 $930 billion
-1990 $3 Trillion $233 billion
-2000 $5 Trillion $674 billion
-2008 $10 Trillion $24 billion
Monetary figures above are from here
Observations from figures above:
1. U. S. national debt for all Presidents until Reagan
less than $1 Trillion dollars
2. USND for eight years of Reagan and a little of Bush 41
$3 Trillion $233 billion
3. USND for eight years of Bush 43
$10 Trillion $24 billion
4. Ronald Reagan and George W. Bush were the two
Apostles upon which the current massive U.S. national
debt is founded.
5. George H. W. Bush and Bill Clinton were disciples of
the first Apostle, Ronald Reagan.
A 30 Minute Video Bombshell On America:
Among people featured in the video Bombshell:
Presidents Ronald Reagan, George H. W. Bush, Bill Clinton,
and George W. Bush as well as, among others,:
Robert Rubin, Bill Clinton's Secretary of the Treasury
1995-1999:
"We suffer from a fiscal cancer...
if we do not treat it we could have
catastrophic consequences for our country".
Paul O'Neil, George W. Bush's Secretary of the Treasury
for 23 months 2001-2002 (and in reference to any nation
including America):
"when you get extended to the point you can't service
your debt your finished".
Some Other things you will hear and see on the video:
1."This issue represents the potential fiscal meltdown of this nation".
2. America as of Feb 2007 has actually "dug itself into a
$53 Trillion dollar hole".
3. The six pillars of the 2008 U.S. budget:
-Social Security-$610 Billion
-Military-$607 Billion
-Medicare-$330 Billion
-Money interest on the U.S. Debt-$244 Billion
-Medicaid-$204 Billion
-Everything else-$936 Billion
Total Debt=$2.9 Trillion
Total 2008 Federal Revenue=$2.5 Trillion
Total Budget Deficit=$410 Billion
4. U.S. personal savings rate as % of disposable income
-1960's=12.4%
-2000's=2.9%
-Alan Greenspan, Chairman of the Federal Reserve, 1987-2006:
"Without savings their is no future".
5. 2007 figures ranking the world's Trade Balance of
244 nations in order from the largest Trade Surplus to the
largest Trade Deficit.
-#1 China-surplus
-#244 The United States-deficit (the very worst in the ranking)
6. The #2 foreign holder of America's debt is China
-America's debt to China in 2007 was $477 billion and
rising
7. The foreign holder of a nation's debt can wage
financial war on the debtor nation in the context of
forcing the military policy of the debtor.
-The video points out that in the 1950's America waged
financial war on England. America then owning a large
part of England's debt threatened to do something to
England that would have effectively destroyed England's
currency. The threat was made to get England to do
something militarily that America wanted very badly.
The result of the threat was that England militarily
did what America wanted.
8. Political Solutions to the grave American financial problems?:
1. Stop monetary fraud, waste, and abuse in government?
2. Cancel the Bush tax cuts?
3. Stop the war in Iraq?
4. The first three points combined would barely begin
to curtail the financial bombs falling in America's
Financial Armageddon
Concerning the 30 minute video:
1. The video is 30 minutes from the I.O.U.S.A.
85 min. documentary that had a theater release in 2008
but as of this writing is not released yet on DVD.
2. Reviews for the theater version of I.O.U.S.A.:
--"Equal parts enlightening and alarming, "I.O.U.S.A."
highlights our unwise preference for short-term reward
over long-term planning." NY Times
--"For anyone seeking a clearer understanding of the
financial state of the union -- and strong enough to take
the sobering news --[I.O.U.S.A.] is a good place
to start." LA Times
"I.O.U.S.A. is a clear, cogent and compelling primer
on contemporary American economics and the not-so-small
matter of how we ended up at the edge of a precipice."
-- Toronto Star
3. There is a book version of I.O.U.S.A. written by
two people, the executive producer and one of the
writers of the film, Addison Wiggin, and one of the
associate producers of the film, Kate Incontera.
Final Conclusions:
Future Democratic and Republican American Presidents
starting with Barack Obama will do one of three things:
1.Become an Apostle along with the two Apostles upon
which the current massive U.S. national debt is founded
2.Be a disciple of the first two Apostles
3.Courageously start a different course that:
(1)doesn't produce U.S. federal budget deficits but
rather surpluses
(2)helps reduce America's National Debt
I sincerely hope those future Presidents will be #3
type Presidents because any future President that
is otherwise will be contributing greatly to
America's fall not America's safety in the American
Financial Armageddon that I believe the United
States now is in.
-1835 Zero national debt
-1864 $2.7 billion
-1920 $25.9 billion
-1930 $16.2 billion
-1940 $43 billion
-1950 $257 billion
-1960 $290 billion
-1970 $389 billion
-1980 $930 billion
-1990 $3 Trillion $233 billion
-2000 $5 Trillion $674 billion
-2008 $10 Trillion $24 billion
Monetary figures above are from here
Observations from figures above:
1. U. S. national debt for all Presidents until Reagan
less than $1 Trillion dollars
2. USND for eight years of Reagan and a little of Bush 41
$3 Trillion $233 billion
3. USND for eight years of Bush 43
$10 Trillion $24 billion
4. Ronald Reagan and George W. Bush were the two
Apostles upon which the current massive U.S. national
debt is founded.
5. George H. W. Bush and Bill Clinton were disciples of
the first Apostle, Ronald Reagan.
A 30 Minute Video Bombshell On America:
Among people featured in the video Bombshell:
Presidents Ronald Reagan, George H. W. Bush, Bill Clinton,
and George W. Bush as well as, among others,:
Robert Rubin, Bill Clinton's Secretary of the Treasury
1995-1999:
"We suffer from a fiscal cancer...
if we do not treat it we could have
catastrophic consequences for our country".
Paul O'Neil, George W. Bush's Secretary of the Treasury
for 23 months 2001-2002 (and in reference to any nation
including America):
"when you get extended to the point you can't service
your debt your finished".
Some Other things you will hear and see on the video:
1."This issue represents the potential fiscal meltdown of this nation".
2. America as of Feb 2007 has actually "dug itself into a
$53 Trillion dollar hole".
3. The six pillars of the 2008 U.S. budget:
-Social Security-$610 Billion
-Military-$607 Billion
-Medicare-$330 Billion
-Money interest on the U.S. Debt-$244 Billion
-Medicaid-$204 Billion
-Everything else-$936 Billion
Total Debt=$2.9 Trillion
Total 2008 Federal Revenue=$2.5 Trillion
Total Budget Deficit=$410 Billion
4. U.S. personal savings rate as % of disposable income
-1960's=12.4%
-2000's=2.9%
-Alan Greenspan, Chairman of the Federal Reserve, 1987-2006:
"Without savings their is no future".
5. 2007 figures ranking the world's Trade Balance of
244 nations in order from the largest Trade Surplus to the
largest Trade Deficit.
-#1 China-surplus
-#244 The United States-deficit (the very worst in the ranking)
6. The #2 foreign holder of America's debt is China
-America's debt to China in 2007 was $477 billion and
rising
7. The foreign holder of a nation's debt can wage
financial war on the debtor nation in the context of
forcing the military policy of the debtor.
-The video points out that in the 1950's America waged
financial war on England. America then owning a large
part of England's debt threatened to do something to
England that would have effectively destroyed England's
currency. The threat was made to get England to do
something militarily that America wanted very badly.
The result of the threat was that England militarily
did what America wanted.
8. Political Solutions to the grave American financial problems?:
1. Stop monetary fraud, waste, and abuse in government?
2. Cancel the Bush tax cuts?
3. Stop the war in Iraq?
4. The first three points combined would barely begin
to curtail the financial bombs falling in America's
Financial Armageddon
Concerning the 30 minute video:
1. The video is 30 minutes from the I.O.U.S.A.
85 min. documentary that had a theater release in 2008
but as of this writing is not released yet on DVD.
2. Reviews for the theater version of I.O.U.S.A.:
--"Equal parts enlightening and alarming, "I.O.U.S.A."
highlights our unwise preference for short-term reward
over long-term planning." NY Times
--"For anyone seeking a clearer understanding of the
financial state of the union -- and strong enough to take
the sobering news --[I.O.U.S.A.] is a good place
to start." LA Times
"I.O.U.S.A. is a clear, cogent and compelling primer
on contemporary American economics and the not-so-small
matter of how we ended up at the edge of a precipice."
-- Toronto Star
3. There is a book version of I.O.U.S.A. written by
two people, the executive producer and one of the
writers of the film, Addison Wiggin, and one of the
associate producers of the film, Kate Incontera.
Final Conclusions:
Future Democratic and Republican American Presidents
starting with Barack Obama will do one of three things:
1.Become an Apostle along with the two Apostles upon
which the current massive U.S. national debt is founded
2.Be a disciple of the first two Apostles
3.Courageously start a different course that:
(1)doesn't produce U.S. federal budget deficits but
rather surpluses
(2)helps reduce America's National Debt
I sincerely hope those future Presidents will be #3
type Presidents because any future President that
is otherwise will be contributing greatly to
America's fall not America's safety in the American
Financial Armageddon that I believe the United
States now is in.
Thursday, November 6, 2008
How Dumb Is Sarah Palin?
Update:
Sarah Palin is very dumb say McCain aides:
1. Sarah Palin didn't know Africa is a continent--say McCain aides
2. Sarah Palin didn't know the 3 countries in North American Free Trade Agreement (U.S. Canada Mexico)--say McCain aides
3. Sarah Palin refused to prepare for infamous Katie Couric interview--say McCain aides
Update #2: Michel Malkin versus McCain Aides
"Blabbermouth" and "classless"Michel Malkin calls McCain aides in Malkin's defense of Sarah Palin.
Update #3-Nov 7: Defending Sarah Palin
Over here at The American Spectator I had a fun day defending Sarah Palin.
Update #4-Nov 7: Palin calls attackers Jerks and Cowards
Associated Press Writers produce article detailing what Sarah Palin says concerning the anonymous comments coming out about her at Fox News and elsewhere. "Jerks" and "cowards" are among the things Sarah Palin has to say about those anonymous commenters in the article.
Update #5-Nov 11: McCain defends Sarah Palin in TV interview
In a Nov. 11 interview with Jay Leno, John McCain says,
among other things, about Sarah Palin:
"I'm so proud of her and very grateful that she agreed to run with me. She inspired people. She still does"
"I couldn't be happier with Sarah Palin, and she's gone back to be a great governor, and I think she will play a big role in the future of this country."
Update #6-Nov 14: Sarah Palin is not dumb!
1. Dumb women don't get to be mayor, Governor, and
vice presidential candidate in a short period of time,
as Sarah Palin did.
2. The Wolf Blitzer interview with Sarah Palin on CNN
after the Nov. 4th Presidential election, shows any rational
person whether from the Left or Right that Sarah Palin is
far from dumb but rather is a very intelligent person.
(click link above for video)
Sarah Palin is very dumb say McCain aides:
1. Sarah Palin didn't know Africa is a continent--say McCain aides
2. Sarah Palin didn't know the 3 countries in North American Free Trade Agreement (U.S. Canada Mexico)--say McCain aides
3. Sarah Palin refused to prepare for infamous Katie Couric interview--say McCain aides
Update #2: Michel Malkin versus McCain Aides
"Blabbermouth" and "classless"Michel Malkin calls McCain aides in Malkin's defense of Sarah Palin.
Update #3-Nov 7: Defending Sarah Palin
Over here at The American Spectator I had a fun day defending Sarah Palin.
Update #4-Nov 7: Palin calls attackers Jerks and Cowards
Associated Press Writers produce article detailing what Sarah Palin says concerning the anonymous comments coming out about her at Fox News and elsewhere. "Jerks" and "cowards" are among the things Sarah Palin has to say about those anonymous commenters in the article.
Update #5-Nov 11: McCain defends Sarah Palin in TV interview
In a Nov. 11 interview with Jay Leno, John McCain says,
among other things, about Sarah Palin:
"I'm so proud of her and very grateful that she agreed to run with me. She inspired people. She still does"
"I couldn't be happier with Sarah Palin, and she's gone back to be a great governor, and I think she will play a big role in the future of this country."
Update #6-Nov 14: Sarah Palin is not dumb!
1. Dumb women don't get to be mayor, Governor, and
vice presidential candidate in a short period of time,
as Sarah Palin did.
2. The Wolf Blitzer interview with Sarah Palin on CNN
after the Nov. 4th Presidential election, shows any rational
person whether from the Left or Right that Sarah Palin is
far from dumb but rather is a very intelligent person.
(click link above for video)
Tuesday, November 4, 2008
Today America Elects Their Next President
Update: 15 Different Tracking Polls Rain On McCain
Today Americans will vote to elect the next President. But
15 different polls indicate that John McCain will not be the one elected.
Update #2: Can McCain Pull Victory From The Jaws Of Defeat?
Roger Kimball at Pajamas Media gives a lot of reasons why he thinks McCain just might do it!
Update #3: Barack Obama Has Just Won The Presidential Election!
America has spoken and voted Barack Obama to be the next President of the United States and the first African-American to hold the office. God Bless America and Senator Obama the next President of the United States!
Today Americans will vote to elect the next President. But
15 different polls indicate that John McCain will not be the one elected.
Update #2: Can McCain Pull Victory From The Jaws Of Defeat?
Roger Kimball at Pajamas Media gives a lot of reasons why he thinks McCain just might do it!
Update #3: Barack Obama Has Just Won The Presidential Election!
America has spoken and voted Barack Obama to be the next President of the United States and the first African-American to hold the office. God Bless America and Senator Obama the next President of the United States!
Monday, November 3, 2008
Breaking News
Update: My Presidential Endorsement
Agent Orange Peel's official presidential and vice presidential endorsement for tomorrow's 2008 election is the news that America has eagerly awaited.
I officially endorse John McCain and Sarah Palin as my choices for President and Vice President of the United States
Update #2 : Presidential Tracking Poll
Trinity United Church of Christ just released their final Presidential daily tracking poll: "Obama/Biden 108%. Two white devils 0%."
Update #3: Presidential Tracking Poll
The final Agent Orange Peel Presidential daily tracking poll: McCain/Palin 54%. Obama/Biden 53%.
Update #4: Death In Obama's Family
Condolences from Agent Orange Peel to Barack Obama and his family, in view of today's news that his grandmother died. May She forever rest in peace!
Agent Orange Peel's official presidential and vice presidential endorsement for tomorrow's 2008 election is the news that America has eagerly awaited.
I officially endorse John McCain and Sarah Palin as my choices for President and Vice President of the United States
Update #2 : Presidential Tracking Poll
Trinity United Church of Christ just released their final Presidential daily tracking poll: "Obama/Biden 108%. Two white devils 0%."
Update #3: Presidential Tracking Poll
The final Agent Orange Peel Presidential daily tracking poll: McCain/Palin 54%. Obama/Biden 53%.
Update #4: Death In Obama's Family
Condolences from Agent Orange Peel to Barack Obama and his family, in view of today's news that his grandmother died. May She forever rest in peace!
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