Get Liars Out Of The White House

WE NEED PEOPLE WE CAN TRUST And We Don't Have Them

Seems that every time William Jefferson Clinton opens his mouth, he's telling us another lie.

Recently, in a speech attempting to explain why he intends to veto the tax cut bill Congress is about to put on his desk, a veto with which the People's Open Opposition Party wholeheartedly agrees should be vetoed, Clinton attempted to follow Alan Greenspan's belief that, in the long run, it's more important to pay down the national debt. He said:

"the national debt still stands at $13,400 for every person in the country"

Now, this is a rather short and sweet statement, the kind we seldom get from most politicians, but there is hardly a word of truth in it. What's more, it's going to take many more words to explain exactly how big a whopper this statement really is. Let's begin.

First of all, the use of the word "still" is a fantastic innuendo. It implies that the federal government, and Clinton in particular, have done something to pay down the national debt. Nothing could be further from the truth.

The national debt has done nothing but rise. Last year, it rose $113 billion. This year, fiscal 1999, it has already risen 126 billion as of this date (August) with another month to go in the government's fiscal year. You can verify this at the Bureau of Public Debt's web site where you will find it reported daily to the penny and currently standing of $5.6 trillion and change. What they did do was a bit of money laundering. Money laundering that, in any other industry, would have put the ringleaders in jail, instead of simply resigning. In order to get the balance of the trust fund money stolen from Social Security, Medicare and many other trust funds, money not yet spent, from one fiscal year to another Robert Rubin pulled a trick that would have made "Tricky Dick" proud. They actually payed down the national debt some $60 billion. Then, once September first had passed and they were in a new fiscal year, they simply issued more bonds to sell on the open market and---violla, the money is in the new fiscal year, ready for their pork barrel spending on wars and such. So you see, Clinton's little innuendo isn't exactly a lie now is it?

Second, and more important, when Clinton talks about every person, every man, woman and child in the United States, owing $13,400 in terms of the national debt---what he's really talking about is the $3.8 trillion or so that his boys in the General Accounting Office (GAO) report as "debt held by the public." The rest, the other 32 percent of the debt held by trust funds, is what they call "debt held by federal accounts," making it sound as though the public is not responsible for paying it off. This is an absolute, outright, flagrant lie. Clinton and his boys would like you to believe that the government is responsible for paying down this other $1.8 trillion when, in reality, unless they were all John D. Rockefeller clones, they have absolutely no way of paying without your tax money. The federal government has only two forms of income: (1) your taxes, and (2) borrowing on the open market. If they were to borrow on the open market to pay down this portion of the debt---you, the public would be responsible for paying off those lenders just like you are responsible for the other 68 percent. That's what federal Treasury securities are, public debt, backed by the "full faith and credit of the United States" which means nothing more than backed by you, baby. Anyone else who has spent any time on the federal debt, including the Treasury's own Bureau of Public Debt, knows that it's approximately $20,000 owed by every man, woman and child in the country. But, even this is a bit of a misnomer because we could not, realistically, expect the unemployed (children, the retired, and those out of work) to come up with this sort of money someday. If it happened today, with 139 million people employed, the amount is closer to $42,000 per worker. How do you like that? Are you ready to cough it up? Somebody's going to be forced to do it someday. Do you want it to be your children or grandchildren? This is what worries Alan Greenspan and why he says it would be better for you, in the long run, to pay down the national debt and not take tax cuts now.

What do we do with someone who lies to us?

FLUSH CLINTON and all of his spin doctors