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Letter: On the financial precipice

Editor, Gazette-Journal:

I believe that it is pertinent to note that Lord Christopher Monckton, Margaret Thatcher’s Science and Policy Advisor, has weighed in on the precarious financial and economic straits of the U.S. While Lord Monckton is probably the world’s foremost authority on the case against manmade global warming, his commentary regarding the state of affairs concerning the dollar and America’s financial plight possesses Lord Monkton’s careful factual analysis. That analysis, coupled with the logic of numbers, produces an utterly debilitating forecast of the bleak future confronting every man, woman and child in America.

The current $17 trillion debt equals $50,000 for every citizen of the United States of America. With that $17 trillion divided up amongst the taxpaying citizens, the debt for each taxpayer is $150,000. The interest due on the national debt alone is $1 billion per working day, at the current interest rate. The potential for incre...

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