Thursday, November 12, 2009

Our New Pledge*

"I pledge allegiance to Americaʼs debt, and to the Chinese government that lends us money. And to the interest, for which we pay, compoundable, with higher taxes and lower pay until the day we die." *from The Daily Bail.

American tax payers daily need to pay more than $500 million just to cover the interest on our debt, most of which is owed to foreign governments. Obamas first budget deficit is greater than ALL of the Bush deficits combined.

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