Introduction
In 1901 the national debt of the United States was less than $1 billion. It stayed at
less than $1 billion until we got into World War I. Then it jumped to $25 billion.
The national debt nearly doubled between World War I and World War II, increasing from $25
to $49 billion.
Between 1942 and 1952, the debt zoomed from $72 billion to $265 billion. In 1962 it was
$303 billion. By 1970, the debt had increased to $383 billion.
Between 1971 and 1976 it rose from $409 billion to $631 billion. The debt experienced its
greatest growth, however, during the 1980s, fueled by an unprecedented peacetime military
buildup. In 1998, the outstanding public debt will roar past $5.5 trillion. The
unconstitutional "share" of this debt for every man, woman and child is
currently $20,594.86 and will continue to increase an average of $630 million every day,
which dosn't include the $26 trillion in individual credit card debts, mortgages,
automobile leases and so on.
Click here to see the current national debt
Today, as we stand before the dawn of a New World Order run by internationalist
financiers, most of the revenue collected by the Federal government in the form of
individual income taxes will go straight to paying the interest on the debt alone. At the
rate the debt is increasing, eventually we'll reach a point where, even if the government
takes every penny of its citizens' income via taxation, it will still not collect enough
to keep up with the interest payments. The government will own nothing, the people will
own nothing, and the banks will own everything. The New World Order will foreclose on
America.
If the present trend continues, and there is no evidence whatsoever that it will not
continue, we can expect the national debt to nearly double again within the next six to
eight years. By then, the interest on the debt alone should be in the $400 billion a year
range.
Save our U.S. Constitution index
Last Updated on 04/23/98 by Darren Perkins 