A Great Financial Armageddon

Massive waste, fraud and abuse in Washington have brought our great nation to the brink of the abyss.  A great national “day of reckoning” is now dawning.

The national debt now stands at more than $14 trillion; a debt load of nearly $187,000 for every family of four in the country.  Every year, U.S. taxpayers fork over $400 billion just to pay the interest on that debt… even with artificially low interest rates.

Our national debt is now equal to nearly 100% of the value of all the goods and services produced in this country… and that doesn’t begin to include the estimated $110 TRILLION in unfunded liabilities for Medicare, Medicaid, Social Security and government pensions.

The Obama administration and Congress are running up annual budget deficits in excess of $1.5 trillion.  The deficit during February 2011 alone exceeded the deficit for all of 2007.

The U.S. Federal Reserve is creating hundreds of billions of dollars out of thin air — and by doing so, gutting the greenback of its value and driving the cost of energy, food and other necessities sky-high.

The U.S. Treasury is borrowing so much money that the United Nations, the International Monetary Fund, the World Bank and leading nations including France, China and Russia are now demanding that the dollar be abandoned as the world’s reserve currency.

If they succeed, your cost of living could double or even triple overnight.

The consequences of this gross negligence could be disastrous.  If these trends are not reversed, millions of Americans will lose their incomes, their savings, their investments, their homes and will become utterly dependent on the government for survival.

While President Obama fiddles and Congress brags about miniscule cuts, there is no shortage of talk about how serious this crisis is.

Plus, in March of 2011, no fewer than TEN former chairs of the White House Council of Economic Advisers — including President Obama’s former top economic adviser Christina Romer — added their voices to those warning of a looming economic catastrophe.

In an editorial published by Politico, the bipartisan group warned that unless the White House and Congress slash the federal deficit, bond investors are likely to turn on the U.S. and trigger an economic crisis that could “DWARF 2008.”

Think about what that means:  In 2008, our entire financial system came within a few hours of collapsing.  Huge financial institutions like Citigroup and Bank of America nearly went bust.  And Lehman — one of the giants of Wall Street — simply ceased to exist.

Now, these top economists and Congressmen are saying that the fallout from this great debt disaster is going to be much, MUCH WORSE!”

And yet despite all their posturing, not a single member of either major political party is proposing — let alone passing — spending cuts that even begin to balance the budget.

Even the $100 billion in cuts the Republicans promised — but utterly failed to deliver — represents less than ONE-FIFTEENTH of the deficit for 2011 alone!

Meanwhile, thousands of U.S. towns, cities, counties and states are drowning in debt:

What will you tell your grandchildren when they ask you about this time?  Will you be able to tell them that you took a stand to fight for Freedom and the American Dream?

Take a stand with us as we fight to bring America back from the brink of what may well be the most severe economic catastrophe in our history:

To support the Libertarian National Campaign Committee and to begin receiving our online newsletter, Campaign for Freedom with regular updates on this crisis and our response to these threats, simply enter your name and zip code here.

“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome becomes bankrupt. People must again learn to work, instead of living on public assistance.”

Cicero — 55 BC

Economic Reform Tea Party Libertarians
Anti-Obama Sentiments Housing Bubble & Federal Bailouts
What is the “Misery Index”? Non-Intervention Policy
Replacing the Progressive Income Tax Smaller Government Footprint

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