Are American Citizens Unknowingly Paying Our Enemys?, page 1
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ATS Members have flagged this thread 2 times
Topic started on 20-3-2010 @ 11:16 AM by theflamingswan92
I have recently been in deep thought about the economy and the recession which we are in today. Then I had a sort of "moment of realization"... We, the American citizens, could very well be lured into paying unnessacary debts.

Think about it my friends, every single day there are people being pulled over while driving, laid off, taxed, hospitalized, going into debt basically.. But why?

Is it really costing the American people millions of dollars a day (across the country) just to be submerged into worse financial circumstances? Maybe it is, but then again, maybe not.

Our country is in debt... There are an unknown number of countries which we owe money to, and there is an unknown number that is our country's debt. Think about how mant traffic tickets, eviction notices, forclosures, taxes, hospital bills, etc, are being issued every day. Who ultimatly gets this money? Not the police man who pulled you over, not your landlord, not the bank president, they all pay taxes too.

Consider this possibility, China, one of the dozens of countrys we are in debt to, stops importing/exporting with us. Our country will basically crumble...

I'll cut straight to the chase from here. It is my theroy that our country is currently being held hostage, by our debts. I believe that we are paying so many taxes and what not, just to send it to another country (one of which could possibly be housing our enemys)... So who is killing the country, the forigners, or are we doing it ourselves by placing our hard earned money into the hands of another country?

Please post any and all thoughts and/or comments below


reply posted on 20-3-2010 @ 11:42 AM by Doctor G
www.voxeu.org.../4623
The misreporting of US government borrowing costs leaves open the possibility of manipulation. The government could drive its measure of net interest payments to zero every period by perpetually rolling over, let us say, zero-coupon 10 year bonds. Such bonds would never pay coupons and never mature – each period they would be repurchased as nine year zero-coupon bonds and reissued as fresh 10 year zero-coupon bonds. Though the government accounts would put interest payments at zero, in truth the government would still pay interest in the economically relevant sense determined by the government budget constraint.

www.treasurydirect.gov...
Interest Expense Fiscal Year 2010
February $16,893,440,780.68
January $18,856,851,343.86
December $104,631,821,540.22
November $17,928,110,784.85
October $22,831,444,696.60
Fiscal Year Total $181,141,669,146.21


www.federalbudget.com...
In Fiscal Year 2009 (FY09), the Treasury Department spent $383 Billion of your money on interest payments to the holders of the National Debt. Compare that to NASA at $19 Billion, Education at $53 Billion, and Department of Transportation at $73 Billion.



reply posted on 20-3-2010 @ 11:53 AM by theflamingswan92
reply to post by Doctor G



Dear God, those are unbelieveable figures! It's even more than I suspected.. I think we are seriously in trouble, especially if we continue down this road...


reply posted on 20-3-2010 @ 11:54 AM by theflamingswan92
reply to post by FiatLux



Well I also have a theroy that some of these taxes are just fabrications, but I have no proof of this. I just think it is highly misleading to the people.They say it's going to one source when it goes to another source instead...


reply posted on 20-3-2010 @ 12:13 PM by theflamingswan92
reply to post by Kailassa



That's just rediculous. I wish I was paid $150,000+ just for sitting around all day. Meanwhile the police officers and firefighters are risking their lives on a daily basis and making under $50,000 per year thats sickening


reply posted on 20-3-2010 @ 12:35 PM by FiatLux
reply to post by theflamingswan92



Yes, and isn`t it nice to know that they love to vote themselves pay raises whenever they want? When was the last time you or anyone else out here able to vote yourself a pay raise?

Then they want to add to the public shafting by taking your 401k`s to give to the banks so they can stay afloat. I had to shake my head at that bit of government brain work. If they do, there should be a little clause added on to that, in which all of the retirement funds of our government body be added to that package. Gee, I wonder how they would like that? In the present state our economy is in, all government pay raises should be stopped, and pay levels lowered until they get things back in order.

Is our money going to our enemies? Well, it`s all in how you look at the situation. If paying our government to do nothing but take your tax dollars away from you to give to big corperations and banks and giving themselves pay raises and big retirement packages, then yes, we are.



reply posted on 20-3-2010 @ 12:54 PM by theflamingswan92
reply to post by FiatLux



Very interesting perspective. I never looked at it from that point of view before... I do agree though it is crazy that they controll their own saleries. And by the way are you serious about the 401k thing? I dont think that they can legally do that... But then again, how many things actually ARE done legal in our country these days?


reply posted on 20-3-2010 @ 01:07 PM by FiatLux
reply to post by theflamingswan92



I`m very serious about this. FDIC Chairwoman Sheila Bair talked about this in a speech that she gave. Oh believe me, they will do all they can to squeeze every dime out of the people they can get.

It was posted here.....

www.abovetopsecret.com...


reply posted on 20-3-2010 @ 01:12 PM by theflamingswan92
reply to post by FiatLux



That is just ludacris! Thats it, I'm moving to Canada.. That is the most rediculous thing ever. Whats next the banishment of social security?
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