-Caveat Lector- Only allegations coming from losing democrats..
Remember:More people have died in Ted Kennedy's car than have died in United States Commercial Nuclear Power plant operations visit my web site at http://www.info-quest.org Visit my energy page at http://www.info-quest.org/Energy.html Check out the latest on the anwr drilling project http://www.anwr.org visit my blog at http://info-spectrum.blogspot.com My ICQ# is 79071904 See the Pledge of alleginace to the flag that the 9th circuit court of appeals doesn't want you to say. for a precise list of the powers of the Federal Government linkto: http://www.info-quest.org/Enumerated.html On Sat, 9 Sep 2006, RoadsEnd wrote: > > > Begin forwarded message: > > > From: [EMAIL PROTECTED] > > Date: September 9, 2006 12:44:53 AM PDT > > To: [EMAIL PROTECTED] > > Cc: [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED] > > Subject: Worse Than You Thought (As Usua!) > > > > Bush is Hiding > > > > the TRUE National Debt. > > > > It's Worse Than You've Heard. > > > > MUCH Worse. > > > > Thu, 09/07/2006 > > http://www.buzzflash.com/articles/alerts/105 > > Though the Bush Administration's official budget lists the national > > debt and deficit as being incredibly high, they are actually far > > worse than reported, according to Rep. Jim Cooper (D-TN). But don?t > > just take his word for it, even if Cooper is a Rhodes Scholar and > > Harvard Law graduate. The following figures appear in the official > > U.S. Financial Report, released by the Treasury Department: > > > > The true national debt is $49 trillion, not the $8.3 trillion Bush > > reported > > That's $156,000 for every citizen, or > > $375,000 for every working American > > This figure has more than doubled in the past five years > > We paid $327 billion last year on interest alone > > The true 2005 deficit was $760 billion, not the $318.5 billion Bush > > reported > > This is 6.2% of the GDP, not 2.6% > > It's all getting worse > > What accounts for the huge discrepancy? Unlike businesses, the > > government uses "cash" instead of "accrual" accounting. This means > > that the government does not report future spending promises like > > Medicare and Social Security, or even future spending guarantees > > like veterans' benefits and federal employee pensions. > > > > "Cash accounting tells you what's in your bank account. Accrual > > accounting tells you what's in your bank account and what's on your > > credit card statement," Cooper told BuzzFlash in an interview. > > "Whether you're promising to buy a road or something at Target, you > > need to know what you promised to buy. That should be a binding > > obligation of the government. We've made a world of promises to > > folks that we need to keep." > > > > But wait, there's more! The U.S. Financial Report does not mention > > that if Medicare and Social Security are factored into the equation > > (which the Treasury Department did not), the true deficit was > > actually a whopping $3.3 trillion last year, over ten times more > > than Bush claims. And when Social Security projections are adjusted > > to reflect current life expectancies instead of the old 75-year > > mark, Cooper said the true national debt is "probably closer to $65 > > trillion." > > > > Worried that a new Democratic majority in the House would be blamed > > for the higher numbers in the future, Cooper has taken it upon > > himself to make it clear that the problem has already been created > > by Bush's failed economic policies. "This has to be announced on > > their watch, using their voice," he said. "There's a great urgency > > about this: we only have two months left to educate all Americans > > about how the Bush deficits are literally destroying America's > > credit." > > > > "I think [the report] is the most powerful critique of the Bush > > Administration" because they produced it, Cooper added. "No > > Republican can deny this attack." > > > > In order to get the word out, Cooper reprinted the entire U.S. > > Financial Report in a book with his own explanatory introduction > > and a warning on the cover reading, "The Official Report the White > > House Does Not Want You To Read." He said the measure was necessary > > because the Administration tried to hide the report by distributing > > it to fewer than 20 members of Congress in the midst of the > > Christmas holiday season with no accompanying press release or > > media announcement. > > > > According to Cooper, conservatives won?t touch the issue because it > > would make Bush look bad, liberal newspapers think it's too > > confusing, and liberal politicians are worried the ensuing chaos > > from the higher numbers would limit social program spending. > > > > "The way we're going, we're going to have to eliminate programs," > > Cooper retorted. "Isn't it better to embarrass Bush while we can > > with his own words and to get Democrats in control?" > > > > Cooper said he is determined to do everything he can to add honesty > > to the federal budget. He gave the first copy of his book to House > > Democrat Leader Nancy Pelosi and has introduced legislation > > directing the president to use accrual accounting in his reports. A > > similar measure was recently lost in the Senate after passing in > > the House. > > > > The only compensation Cooper is receiving for the book are three > > complimentary copies. > www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance???not soap-boxing???please! These are sordid matters and 'conspiracy theory'???with its many half-truths, mis- directions and outright frauds???is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://www.mail-archive.com/[email protected]/ <A HREF="http://www.mail-archive.com/[email protected]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
