This is how messed up the American economy is. Our government actually has no money of its own, all the money it throws into pits like the Iraq war and wipes its ass with is all in the form of loans given by the Federal Bank. With the name being the "Federal Bank" you may think that it would belong to the government, when in reality the federal bank is no more "federal" than Federal Express. The Federal Bank is a privately owned corporation. In order to get the money the government needs to do anything, it must go begging to the Federal Bank for a loan. The loans from the Federal Bank come attached to a 19% interest rate. So you may ask "how does the government cover this compounding interest if it has no money?" well that is easy, it borrows more money from the Federal Bank, pulling us as a country deeper and deeper into a perpetual debt that we can never free ourselves from without drastic changes.

Decades ago every dollar printed in this country said clearly on it that it was "redeemable in gold." All Americans today are aware to what our dollar says on it now, "legal tender" which means that every bill in your wallet is nothing more than worthless paper. One may ask "why would our government ever want to have to beg a private company for money when nothing comes out of it but more and more debt?" well the answer to that question is obvious as well. The Federal Bank system, in effect, gives the government a blank check to do with any way they want. The largest reason for why the American dollar is so extremely weak right now is because of the Federal Banking system and how when the American dollar becomes stretched and the government wants more, they simply ask for more from the Federal Bank. The Federal Bank, instead of bringing more gold into the economy, simply prints more money which leads to the end result of a fixed amount of gold being spread among more and more dollars leading to a dollar that is worth less and less every day.

Faced with the growing pressures of paying off the tremendous debt held by our government right now, the president feels that the country should cut programs like social security and welfare, hiding behind the excuse that these programs are actually costing the government money. This, however, is a gross lie. The part of American funds that pays for social security and welfare are covered by the federal income taxes and are running HUGE surpluses. The largest surpluses ever at over $3 trillion, with a T, dollars. Even the part of government funding that covers highway repair and the interstate roads is running a profit of $2 trillion dollars. The only reason the government wants to cut social security and welfare is so they can take that money and divert it straight into those never-ending money bonfires like what the government calls "The War on Terror."

Unfortunately we are not going to hit rock bottom until we get a president who understands that the first thing you do when you get to the bottom of a pit, you stop digging. It seems Obama is going to be very busy.