From: bfrg9732@uxa.cso.uiuc.edu (Brian F. Redman)
Subject: Bankruptcy 1995 (part 2)
Summary: The approaching fiscal Armageddon
Organization: University of Illinois at Urbana
Date: Tue, 17 Nov 1992 00:08:21 GMT
Keywords: treachery trickery deceit deception



Bankruptcy 1995: The Coming Collapse of America & How to Stop It.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

by Harry E. Figgie, Jr.
with Gerald J. Swanson, Ph.D.

About the authors:
-- Harry E. Figgie, Jr. is the CEO of Figgie International Inc., 
a diversified *Fortune 500* operating company. He was co-chairman 
of President Reagan's Private Sector Survey on Cost Control, also 
known as the Grace Commission.
-- Dr. Gerald J. Swanson is an Associate Professor of Economics 
at the University of Arizona.

"Any profits from this book have long since been assigned to 
charity. We make no profit whatsoever from it." (p. 25).

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
*                                                               *
* The United States has a problem that is easy to understand,   *
* but whose effects are difficult to comprehend. Its solution   *
* is simple to prescribe, but hard to implement. This problem   *
* is more insidious than drug addiction, more pressing than     *
* recession; it is crueler than poverty and illness and more    *
* hazardous than a hole in the ozone.                           *
*                                                               *
* This problem, which is of our own making, will precipitate    *
* an economic nightmare that will dwarf the Great Depression    *
* and turn the history of America into one of history's         *
* closed chapters. This problem has a name. It is *government   *
* debt.*                                                        *
*                                                               *
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

--------------------------- part 2 ------------------------------

Mr. Figgie begins by declaring that "In 1995, the United States 
of America, as we know it today, will cease to exist. That year, 
the country will have spent itself into a bankruptcy from which 
there will be no return."

Figgie thinks that in the year 1995 the U.S. national debt will 
"...have grown beyond our ability to control it through taxation. 
In other words, even if the government that year dedicated every 
penny it collected in personal income taxes to paying just 
*interest* on the debt, it wouldn't be enough."

We Americans all have a vague sense that something is very wrong. 
The general population "...senses and is worried about the 
disaster our politicians are about to drop us into." And, 
according to Figgie, a fiscal Armageddon *will* soon be upon us 
unless we act immediately to prevent it. "This is our last 
chance. We're out of time."

		     -- How it Happened --

They are killing our country, but who are "they?"

According to the authors, there are "...536 of them, and they 
have hired about twenty thousand bright and energetic people to 
act as their accomplices and assistants... At the head of the 
list of the people who are killing our country is the president 
of the United States [Bush]." Who are "they?" They are the 435 
members of the House of Representatives, the 100 members of the 
Senate, and the president.

Our so-called leaders in Washington have been bleeding this 
country to death. They "...are doing to us what George III, 
Adolph Hitler, Emperor Hirohito, and Nikita Krushchev tried to do 
but failed."

And it is *our fault* because we have let it happen! "[We] let 
them, you and I. We've not only let them, we've encouraged them, 
because we wanted to keep hearing the lies they told us."

And because in the final analysis it is *us* who have let the 
current fiscal crisis develop, it is up to *us* to try to keep it 
from going over the brink. And we "...don't have much time -- two 
to three years at the most -- to save ourselves. Save 
*ourselves*... not ask someone to save us. No one will. Certainly 
not the lobbyists for foreign governments and foreign 
corporations who range free in the power corridors of 
Washington."

Even our leaders won't do it for us, unless we force them to. Mr. 
Figgie is convinced "...that our so-called leaders have in fact 
sold us out."


------------------------- end part 2 ----------------------------

You can do a lot of good by taking this article and posting it to 
other areas besides "alt.activism." You can also post this or 
upload it as a file to a local BBS. This would help give the 
people of this nation an alternative to the "fluff" and 
propaganda posturing as hard news which they are currently 
getting from the major networks.


Synopsis/Review by Brian Redman
"Ah yes, Armageddon. I remember it well."
End part 2



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