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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Skywatcher who wrote (274353)7/12/2002 9:37:56 PM
From: MSI  Read Replies (2) | Respond to of 769670
 
Add more trillions to the real national debt, if Fitts is right:

"Former FHA commissioner Catherine Austin Fitts points out that there is $3.3 trillion missing from the Department of Defense, HUD, etc. (See "The Missing Money: Working Harder and Getting Less").

The loss has been recently certified by House Committee, which is in charge of investigating this fraud, and she sent a letter to her Congressman Van Hilleary asking him what he plans to do about it.

Since then the Treasury Department and the Comptroller of the Currency have resisted accepting congressional certification because the Treasury Department has to sign off on it. The reason they're resisting obviously is because once the Treasury Department and the Comptroller sign off on it, the "missing" $3.3 trillion have to be added to the National Debt."

almartinraw.com\
"When people ask where did the money go, I say look at the net worth statistics of the top 1% of the people of the United States from the year 1975 to the year 2000.

In 1975 the average per capita net worth of the top 1% of the United States was still only $5.3 million. By 2000, that average net worth on a per capita basis was $53 million.

<snip>

Then you further take into account that 78% of that top 1% are Republicans, and you see the same names, time and time again, connected to this fraud. And now we have a new type of fraud, which is essentially bookkeeping or accounting fraud."



To: Skywatcher who wrote (274353)7/13/2002 12:26:28 AM
From: rich4eagle  Read Replies (1) | Respond to of 769670
 
Well, since the market will even tank significantly greater lead by Bush and Co., we can expect the 165 billion number to be rivised to well over 200 billion by year end. So much for fiscal responsibility.