Nov. 16th, 2011

I especially like the one about the practical effect of “spending money on actual goods, not paying down interest”. Wasn’t that part of Bill Clinton’s success with paying down the National Debt? More money could be spent where it keeps trickling up through the US economy, instead of going to pay interest to the fatcats who invest it in other countries, or sit on it.

Follow the money — and see who profits from the National Debt. When the US bombs Iraq, the investors win more than once: their bomb factory makes a sale — paid for by money borrowed from the same investors, who then get interest on that same money.

No wonder Bush spent Bill Clinton’s surplus as fast as he could, and started a war.

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bemused_leftist

August 2012

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