“We can't have a decent government unless those in power exercise self restraint.”
-William Howard Taft, reprisal
'The Nails in America's Coffin'
A Debtor Nation is a Slave Nation
Is America Still the Land of the Free?
-by Scott Rohter, July 2011
“Under the government, corruption can flourish just as easily as it can anywhere else!”
-Theodore Roosevelt, reprisal
Listen to all of the doomsayers telling us that if we don’t raise the Federal Debt Ceiling, that a catastrophe worse than you could ever imagine is going to happen! We are so deep into debt in America, that the only way to get out of this hole we are in is to dig deeper! We just have to borrow more money in order to get out of debt, and avoid a calamity! That is preposterous! You don't get out of a hole by digging the dirt out from under your feet! That makes about as much sense as a parachute with no drawstring! It makes about as much sense as an atheist’s explanation of the beginning of time, i.e. that no one created everything, from nothing! So just how does that work exactly?
If we don’t raise the Debt Ceiling right now, and allow America to borrow more money, that is, to sell more of our US Government bonds, and sink even deeper into debt, then Moodys, and Standard and Poors are threatening to lower America’s Credit Rating from AAA to AA, which would make it more expensive for America to borrow money in the future! That is whenever America wants to sell our Government bonds, it will cost more to do so! I think that is what the Bible means when it says that, “The borrower is a slave to the lender.” America is a debtor nation. Are we also a slave nation too?
We are so deep into debt now that it hurts, and yet the big lenders who are America’s creditors like China, Japan, and England are still demanding that we borrow even more money from them! In other words, they insist on buying more U.S. Treasury notes, or they will make it more expensive for us to sell those notes to them in the future! Why? Because they want to control out country! This is how foreign governments and international bankers are putting the screws to the United States of America! But maybe that isn’t the correct analogy to use. Maybe a better metaphor would be nails! This is how foreign governments and international bankers are trying to put the nails in America’s coffin!!!
"A journalist has no better friend than the truth." - Scott Rohter