Flagrant crime and corruption is the privilege of the Bush administration. It extends from a series of lies that brought us invasions of small oil rich countries, the murder of thousands, and have yet to serve, through the amoral behavior republicans swore to “clean up” plus erasing laws that protect the innocent, and finally to financial swindles that make Enron executives look like pikers.  

September was the last month of the government’s fiscal year, and during that month the U.S. Treasury was able to hold down its borrowing habit while paying off securities that mature at the rate of billions per day (see September record). Not immediately replacing these payoffs dropped borrowing from investors by $41.6 billion in September while bringing the total debt accumulated for the year to $574.3 billion, eight billion lower than it was one month earlier and at the close of August. Isn’t that wonderful?

One working day later, on Monday, October 2nd, the debt shot up $41.4 billion bringing the total debt incurred in one year and one day to $615.7 billion.

Now, which figure do you believe is the true debt for fiscal 2006 that closed on Friday, September 29th, the $574.3 billion, or the record-breaking figure of $615.7 billion one day later?

If we don’t destroy the planet with our “Doomsday Bomb,” George W. Bush will go down in history as the transparently desperate for money president who bankrupted the “richest most powerful nation in the world” and lived on borrowed money in a futile attempt to preserve and expand the American Empire:

By the end of his second term, Bush will easily put us over the $10 trillion debt mark. So far, we’ve borrowed almost a trillion from Japan alone as well as hundreds of billions from China, our next communist enemy and a nation where we have no military bases – only American corporations taking advantage of the cheap and efficient industrial labor available in a nation with five times our population.

And the unique thing about federal securities is that they’re cashable at any time the lender/holder decides he wants to forego the annual interest and prefers to have his money back.

And if that day comes, the only place such “payback” can come from is the taxpaying American public. The not-for-profit federal government has no revenue other than what it gets from taxpayers.

And this includes what we may have in the so-called “World Bank” where, by the way, Paul Wolfowitz is now in charge.

In other words, we’ve already sold-out our economy to oriental nations who for centuries have had their own intraracial differences but could decide at any time that “blood is thicker than water” and, overnight, could bring us to our knees. You don't really believe that Henry Paulson, our new Secretary of the Treasury, spent part of the last month in China trying to get them to reevaluate their currency, do you? Personally, I'm surprised he didn't take Grim Reaper Rumsfeld with him. The same man that went to the Hague to threaten the war crimes commissions.

Would we then declare war on a nation that may already be technologically superior and capable of quartering troops in every home in America without making much of a dent in their population of young troops.

Ah, but our loyal economic wizards, think tanks, media, and so forth, tell us that a $10 trillion debt still isn’t as much as our annual Gross Domestic Product, implying that we could pay off this enormous debt in one year if everyone would just send all of the money they make to the government – and starve to death in a matter of weeks.

Even our mathematically challenged should be able to go to one of the mortgage calculators available on the Internet and see that at the conservative rate of five percent annual interest it would take the entire taxpaying population more than a half century to pay back the current debt. All you have to decide is how big a payment you can afford every year.

That’s what we’re leaving our children, if they survive.

Do you suppose the contradictory “open borders” policy of a nation at "war" with terrorists is a means of increasing our taxpaying labor force? Especially since 12 million illegal immigrants certainly surpass the true 7.6 million retiring “baby boomers” we’ve been lied to about and because in one of his speeches Clinton missed the decimal point.

When do you suppose the American people are going to realize that the Washington propagandists and their loyal millionaire media people are capable of making mountains out of molehills in order to anger crowds, distract us from the essential, and grease the path to more aggression?