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Exactly why we need campaign finance reform NOW. The American public has to find a way to reign these greedy politicians back to where they belong & that is working for US.
Where were they while George W. Bush was borrowing six trillion...nearly a trillion from Communist Chinese banks? When Bush's two terms were completed he had doubled the national debt from $5.7 trillion to more than $11 trillion and that caused the annual interest to double. The only annual expense our government has which is larger than the interest on the debt is the military/defense budget.
Other than that all he did was crash the economy.
The Fox audience was given other daily instructions during the Bush years.
we spend over 1.3 trillion a year on social programs
Regardless of what satisfies your agenda 2/3 of the total amount taken in by the government is spent on interest on the national debt and the military/defense budget. We owe nearly $400 billion a year for one thing...interest on the debt. For comparison we spend about $100 billion on education and less than that on the infrastructure.
In 1960, the last speech he made, Dwight Eisenhower tried to warn this nation against getting caught up in the Military/Industrial trap but the politicians have done exactly that.
Where were they while George W. Bush was borrowing six trillion...nearly a trillion from Communist Chinese banks? When Bush's two terms were completed he had doubled the national debt from $5.7 trillion to more than $11 trillion and that caused the annual interest to double. The only annual expense our government has which is larger than the interest on the debt is the military/defense budget.
Other than that all he did was crash the economy.
Do you not comprehend the concept of hitting the limit? It wasn't right when Bush was doing it, but he wasn't trying to add Trillions of $$ on top of a $14 Trillion debt. President Skippy hasn't figured out yet that at some point you need to just stop spending.
Not that we've paid back China but that China is now investing in other countries.
Now the Fed is the largest buyer of Treasuries.
Again, our debt to China has been reduced significantly in the past two years. It was well over a trillion, and now is is down to some 800B, and same level as our debt to Japan. Did the FOX piece mention that?
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