From: joec@fid.morgan.com (Joe Collins)
Subject: Read this.
Organization: None
Date: Fri, 9 Oct 1992 17:43:53 GMT


>	In a few years, when the national debt is greater than we can afford
>to pay off through taxes, I will cry. I will cry because all of the money
>that I and everyone else earns is going to pay interest. 

About 1/3 of all federal taxes go to pay the debt right now. This money
could be used to upgrade education, etc

>	I do not have an interest bearing credit account. I have never
>paid interest on any purchases or loans in my life, and I am 21 years
>old. I would think that if I can work on a budget, while I see many
>of my peers spending money on new cars and expensive clothing, and
>deepening their own debt. 

The average American household has debt outstanding that is about 60%
of thier annual income. The ratio for the Fed Debt is 400% and growing....

>Americans are fools when it comes to dealing with money, and they are 
>fools for electing politicians to run the government.

True indeed...As Perot says, we have ourselves to blame - and he is right.

>	We went over before how much Congressmen earn; I suggest they
>be paid the average American yearly salary and many disagreed, but
>few realized that they have so many perks, discounts, and free services
>that we could probably not pay them anything. 

They also exempt themselves from many, many laws that we are subject to.
Including: Minimum Wage Act, Ethics in Government, Civil Rights Act, etc

>	In ten years time, expect the following:
>
>		Higher taxes, Lower educational aid, More imported products
>		More sales taxes, More cities in debt, Lower household salaries
>		Higher food prices, Less aid to police, fire departments, 
>                      transportation departments, public parks, social 
>                      security, medical aid, pensions, pollution control,
>		       technologes, etc

The deficit currently grows at the rate of $40 million dollars per HOUR.
Thats some $9,000 per second we are borrowing from our future/kids.
That is like someone stealing $4 per day from every American, every day.
It has to be paid someday. The average American's portion of our massive
debt is now $20,000 and growing. 

Think about that.....

>	Perot has been speaking against all of this deficit
>spending for years now. 

As a parent, I think it irresponsible to saddle my 11 year old son with 
that debt. Thats why I will likely vote for Perot. 

Bush had his chance to take a powerful leadership role and didn't succeed. 

Since Gov Clinton supports fellow democratic Governor Florio (D-NJ), then 
absolutely don't vote for Bill Clinton. Jim Florio pushed through the LARGEST
SINGLE tax increase in NJ and the NATION'S history. No wonder NJ is really
hurting in the recession...its unemployment was the highest in the nation a few
months ago and is still near the top.

Then there is the trust matter - while campaigning for governor, candidate Jim
Florio had said "I SEE NO REASON TO RAISE TAXES". It was 6 months later that
the massive tax increase went through, under Florio's leadership.
Like it or not, these are matters of public record on Florio's actions.

Think about that also......Reread the last two paragraphs again.

Joe
joec@morgan.com
Just my opinion....






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