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Warns that country is headed for financial ruin

September 5, 2012
Lewistown Sentinel

To the editor:

What's not to understand? The country is heading for fiscal ruin! We are in debt to a tune of more than $15 trillion and $120 trillion of unfunded liabilities.

We borrow and pay interest on 40 percent of all government spending. Our interest payment on our debt will be in excess of $4 trillion by the time you read this and increasing every hour.

If the tax-and-spend good old boy politicians continue to get reelected we are doomed.

Take a look at www.usdebtclock.org. If that does not give you concern, you will definitely be concerned when the country goes into a depression.

Clyde Bailey

Lewistown

 
 

 

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