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Does the government work for us that we work for the government why would gladly eat a hamburger today -- pay for it tomorrow.
To fight the disease of debt and the need for a cure.
America has a -- We'll probably Jackson.
We all know that the debt of the federal government is now approaching fifteen trillion dollars.
And is destined to reach sixteen point seven trillion dollars by the November 2012 elections.
But did you know that American consumers themselves.
-- nearly twelve trillion dollars in personal debt.
Almost three quarters of that is in mortgages mortgages of course played a starring role in the 208.
Which was itself the tail end of a decades long government intervention in the housing market -- a corrosive legislation.
Costly handouts and those insatiable government owned beasts.
Fannie Mae and Freddie Mac.
It wasn't always this way.
At the beginning of our country wealth was produced through work not debt.
And that's how began that's how this country grow and expand that -- became strong enough to fight that beat the king of England.
Things changed right after the revolution when Alexander Hamilton persuaded George Washington.
But the new federal government should pay off the war debts of the states and a Central Bank should do the financing.
Well that failure to twenty years of high tariffs and bank panics to unwind.
Then again during the civil war Abraham Lincoln established the national banking system.
Imposed an unconstitutional income tax.
And issued Paper money to allow the government to sell debt to pay for the war and to wean Americans off their rightful -- natural preference for hard money.
This -- took twenty years of high taxes to on line.
In the last decade of the nineteenth century and in the first decade of the twentieth century.
America had no income tax no central bank and no fixation on debt.
In those years a higher percentage of the poor became middle class at a higher percentage of the middle class became rich.
Than at any time in our history before cents but about a hundred years ago the progressives took over the government and the idea of debt as prosperity.
And government debt as a tool for growth set the table for a federal income tax and the establishment of the Federal Reserve Bank.
Both of which allowed the government seemingly to utilize debt -- impunity.
Two day the federal government take she went to debt every time the Federal Reserve prints money because the Federal Reserve notes itself.
Also known as the dollar bill is merely a representation.
Of debt and not a store of value as it was when it was backed by gold.
And what purchasing power is attached to -- to the Paper dollars in your wallet and those you get in an ATM is falling every day.
It happens each time the government -- a new dollar bill each one buys less than its predecessor blocked because of the government's debt.
That is a disease America.
When you promise to pay tomorrow for something you're purchasing today you were extending beyond your means you're making a promise to pay more for the product that it is worth.
-- like alcohol irrespective of the legal limit set by the government.
Enough of either debt or booze will kill you.
When the Standard and Poor's downgraded the federal government's credit rating last week that was the doctor telling the government it have the functional equivalent of kidney disease.
The president's folks responded by blaming the Tea Party that was the patient blaming that doctor for diagnosing and with a disease that the patient himself -- -- In just a few minutes the Republican candidates for president will square off in a Fox News debate in Iowa.
Compared to President Obama each one of these folks would be an improvement.
But an improvement is not enough.
And alcoholic whose kidney is disease is not doing himself a favor when He moves from whiskey to be here.
What He needs is cold water and a twelve step program.
There will be a doctor on that debate stage tonight and only He has the prescription for our debt problem.
Ron Paul is the only candidate in the Republican race who has served in the federal government and not succumb to the debt disease and who has consistently voted to force the government to live within its means.
Michelle Bachmann -- Rick Santorum were cheerleaders for President Bush's big spending policies and for his dreadful unconstitutional.
Newt Gingrich shepherded debt driven spending programs through congress and -- -- a Bill Clinton's desk.
Mitt Romney made -- version of Obama care of -- law of the land in Massachusetts.
Every one of those Republicans except Ron Paul believes in big government financed by debt.
If we elect a small government candidate in 2012.
We may get out of this mess if we don't we won't.
As you watch this debate tonight look for the candidate who will upset the status quo not just modify it slightly.
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