Unprecedented massive U.S. national debt, trade deficits, capital outflow and wealth transfer to other countries, and redistribution of wealth from poor and middle class to the ultra- rich. (documentation)
1. At the time of recently announced major fiscal bailouts, the outstanding U.S. Public Debt was $ 10.2 trillion, which is $33,300 per citizen.
2. 100% of this debt was responsibility of 3 administrations: Reagan, Bush I, and Bush II.
3. The national debt is increasing by $3.0 billion per d…
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Posted on October 17, 2008 at 10:36pm —
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