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Uh, Obama? We Have a Problem: Interest Expense to Hit $1 Trillion in 4 Years

ideaminer Wrote: Feb 06, 2013 5:24 PM
"Give me control of a nation's money supply, and I care not who makes it’s laws." Amschel Rothschild If we are to have any hope of saving this country, (we may have already passed the political and economic points of no return), we must be brutally honest with ourselves about what got us here. Our economic and political ruin did not begin in 2009, but a hundred years ago, in 1913 with the creation of the Federal Reserve, when the banking class silently gained control of this country. Since then, both parties have been co-opted to their service: as long as they keep us fighting among ourselves and blaming each we're not paying attention to the incessant stealing of real wealth from the American people by the banking class.

I hate to interrupt Obama’s “We Don’t Have a Spending Problem” World Tour. But reality intervened on Tuesday as the Congressional Budget Office released a report that says that the budget deficit will grow through 2023 and “will eventually require the government to raise taxes, reduce benefits and services, or undertake some combination of those two actions,” reports CBSNews- and all of that just to cover interest payments.

“In its annual Budget and Economic Outlook,” writes CBSNews, “the CBO said debt held by the public will be bigger by 2023 than in any year since...

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