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Pittsburgh, Pennsylvania –September 29 –
When Congress passed the $862 billion American Recovery and Reinvestment Act in 2009, otherwise known
as the stimulus bill, it passed with assurances that it would stem the loss of American jobs and keep the
economy from floundering. As most can see, it hasn’t.
Eighteen months since the law’s passage, millions of jobs are still gone and the economy is as uncertain as
ever. The only thing getting a boost is our national debt – the stimulus has helped push it 23 percent
higher, to $13.2 trillion, a new record. Source
Now, the whole game has changed. There is a debt limit, a supercommittee, and S&P downgraded our credit rating.
What is the national debt now, September 29, 2011? The National Debt Clock $14,776 trillion and rising.
The national debt per taxpayer was $104,000 on August 2, 2011. Wednesday 10 PM EDT September 28 is was $131,686. So it went up $27,000 per taxpayer since August.
All the wealth of the rich, will not pay for what is being spent.
A tax bill was passed on property in Greece today. They didn’t even try to tax the rich, because they knew it wouldn’t work.
All the Marxists in Greece are in for a big, big, surprise.
A word to the wise is sufficient.
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