This first slide is a graph of national debt. Notice how total national debt continues to climb at its eerie linear rate, namely $52 billion per month. Look at that number again. That's right; look at it - look at the number $52 billion! A month! Make sure the number is burned into your brain, because years from now your grandchildren are going to be sitting in the dirt playing with rat bones and dried doggy-doo, the only kind of toys you can afford to give them, and they will be asking you, "How much money were you guys spending, anyway, that has caused us to suffer such misery?"
To put it in perspective, it's $372 in extra debt, PER MONTH, for everybody who has a job in this whole country, INCLUDING government workers! And next month it is going to be ANOTHER $372! And then another and another and another!
Month after month, year after year, the government is putting you farther and farther into debt. And this does not even include the debt that you voluntarily take on, so that you can have those matching Jet Skis.
In the last, short 25 months, we bozo Americans have accumulated, in spooky straight-line fashion, another $1.3 trillion in new federal debt. Even if all of this money was loaned out at a lousy 2%, then the interest expense alone, which is one of those federal budget line items, is rising by $26 billion a year! At 3%, it's another $39 billion! At 4%, $52 billion! At 6%, which is closer to where short-term rates should be given the current inflation rate, we will be paying $78 billion a year in extra interest costs on the debt! That's $557 for everybody who has a job in America!
Where does this money go? Who is going to end up with $26 billion a year?
It's obvious... to the guys who had money to start with, and who loaned it to the government! And who are these guys?
Well, it ain't the poor, who don't have any money to lend, and it ain't the Mogambo, who was trying to borrow money from the poor, and we all know how well that worked out.
So, once again, the rich get richer and the poor get poorer.
And how did the poor get poorer? Well, the Bush people just put a nice big tariff on imported shrimp, and now the price of shrimp is going to go up. So the poor are going to pay for this by suffering a decline in their standard of living, which translates into their not being able to afford to eat shrimp anymore.
