We are having a beach for the rich and the pool for the poor

Submitted by Firozali A.Mulla DBA (Tanzania), Feb 2, 2012 at 19:23

As the U.S. government spends an unprecedented amount of money to fix the economy, there is an equally great need to raise the cash to pay for it. This is accomplished through borrowing, whereby Uncle Sam sells Treasury securities of varying maturity. For investors, government bills, notes and bonds are considered safe because they have a guaranteed rate of return, based on faith in future U.S. tax revenues. The government has been partially funding operations via Treasury securities for decades. This borrowing adds to the national debt, which has recently surpassed $15 trillion and is rising every second. The amount of debt is quickly approaching the federal debt ceiling, a legal limit to borrowing that currently stands at $16.4 trillion. Much of that debt is held by private sector, but about 40 percent is held by public entities, including parts of the government. Here's who owns the most. Foreign countries listed include private and public investors, according to monthly U.S. Treasury data. With this we have UN, and other NGOs asking for the assistance for the poor countries. But who comes out? Few single like Bill gates, Clinton Foundations, and others. So where is the cash going? Of course all know that we are cashless as the wars looms on and there is no stopping this as one blames the other. Now my question is, where will the poor stay? They will be the hard core futures. Too much income inequality happens when only the rich can afford political representation. Today, it is so expensive to attain national office that all politicians are bought before they reach Washington. Therefore, the U.S. government is left with professional election winners, not leaders. Our democracy, or our representative republic, has broken down because, when push comes to shove, our "leaders" will do what their bosses (the rich entities that got them elected and keep them in office-whether it be corporations, wealthy individuals, unions, PACs backed by other moneyed interests) tell them to do. They will not listen to you, unless you are a politically active member of the 1% or .1% and have the ability to get them thrown out of office. "Our attitude toward life determines life's attitude towards us." ~ Earl Nightingale (1921-1981)

I thank you Firozali A.Mulla DBA ( WITHOUT MALICE) Who Cares About the Poor? Romney's newest gaffe isn't just another blunder. It's the beginning of a race over who is most out of touch.

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