Congressman Paul's Texas Straight Talk
Mon, 27 Feb 2012 12:37:29 -0500
Economy Squeezed as Debt Accelerates
“Senator Jeff Sessions, ranking member of the Senate Budget Committee has pointed out that our per capita government debt is already larger than Greece's. Per person, our government owes over $49,000 compared to $38,937 per Greek citizen. Our debt has just reached 101% of our Gross Domestic Product.
Our creditors see this and have quietly slowed down or stopped their lending to us.
As a result, the Federal Reserve has been outright monetizing debt as a way to patch things together and keep the economy on life support a little longer.
There is rapidly shrinking demand for our debt, and confidence in the dollar is falling.
This phenomenon is hidden only by the fact that confidence in all other fiat currencies is falling faster…”
Click here to read the full article: http://bit.ly/AwneIQ
Meanwhile, CPS and their communist contractors are kidnapping every child they can, making them Legal Orphans, and doping them out of their heads, while legally assassinating the parents and family in the unConstitutional courts of NO Due Process.