Saturday, June 2, 2012

Go To Original

Michael Scheuer who was the head of the CIA get bin Laden team under Bill Clinton said bin Laden’s goal was to bankrupt America and thus destroy its influence in the world. With the help of Washington politicians he is well on the way to having met his goal.

The national debt was $5.8 trillion on 9/10/2001. Today it is $15.7+ trillion and rapidly rising…almost $10 trillion in just 10 1/2 years. Not a bad start toward bankruptcy if you ask me.

The escalation of our debt was totally irresponsible, is unsustainable, and will lead to the downfall of the United States if we do not get it under control very soon. It was not bin Laden who ran up this debt. He just accelerated the process.

Americans should be really agitated about this, but they are either ignorant or apathetic.

There are 83 million families in the United States and each family’s share of the total U.S. debt is about $700 thousand. The administration’s answer to this problem is smoke and mirrors. They want you to believe the upper 1 percent will pay it. Don’t be fooled.

Officially there are 113.5 million taxpayers in a workforce of 141.6 million. One percent of taxpayers would be 1.14 million, or they would each need to pay $51 million to eliminate the total debt. All we need to do is wipe out most of the upper 1 percent and their assets and only God knows how many jobs will also be wiped out.

Lord Kelvin, famous physicist and mathematician, said, “I often say . . . that when you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meager and unsatisfactory kind; it may be the beginning of knowledge, but you have scarcely, in your thoughts, advanced to the stage of science, whatever the matter may be.”

Lord Kelvin was right. Without reliable numbers we are all fooled by silver tongued devils. My hope is that looking at just a few numbers will help you understand why Osama bin Laden may have won even if we did kill him. In his view, he is now in paradise while we are headed for hell.

Dearborn resident Albert Foster holds masters’ degrees in automotive engineering and business administration.

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