Debt ridden America can ill afford war
- From: Javed Iqbal Kaleem <JavedIqbalKaleem@xxxxxxxxx>
- Date: Wed, 21 May 2008 05:43:40 -0700 (PDT)
There is a National Debt Clock in downtown Manhattan in New York, USA.
It
shows the latest status of national debt borrowed by the Federal and
State
governments of USA. I was expecting since long that situation is
getting
out of hand. So after a long time I took a look and found that the
debt
exceeds 9 trillion US dollars and the net debt has risen to 5.652
trillion. No wonder the government has been paying a colossal amount
on the
indebted amount.
As a result the fiscal deficit is increasing by leaps and bounds,
inflationary spiral is gaining momentum and food and essential
commodities
have gone beyond reach of ordinary citizens. A breakdown of total
debt
owed is as under:
Accumulated Debt/Savings
=====================.
Borrowed by the General Fund – $ 9,361,130,353,874* $ 6,685,296
Income: Income taxes. Outgo: Defense 30%, Interest
19%, ...
Saved by the Social Security Trust + $ 2,271,566,505,399 $ 1,705,937
Income: FICA Payroll taxes. Outgo: Benefits and disability
Saved by other Gov. Trust Funds + $ 3,708,201,842,800 $ 2,733,455
Income: FICA & gas taxes. Outgo: Medicare, highways, etc.
----------------------------------------------------------------------------
----
Debt Held by the Public (net debt) – $ 5,652,928,511,074† $ 3,951,840
A debt ridden America can ill-afford a war, least a long, defiant and
protracted one. So US withdrawal from Iraq and Afghanistan is
imminent. In
my life time Almighty God, Allah Subhaohu wa Ta'alaa has shown two
great
miracles. An awesome military power, a great nation of 350 Million
people
attacked a small neighboring nation of 15 Million of half literate,
poor
and destitute nation. And the later came out victorious causing
breakdown of
the former into a number of component states and end of its super
power
status. Yes I am talking about Union of Soviet Socialist Republics.
The second Miracle is the defeat of world's sole super power, United
States
of America by a nation devoid of military power and weapons of mass
destruction. Poor, hapless people of Iraq defeated USA sending fear in
the
spines of US soldiers, turning them into psychological patients. Today
there
are so many mentally disturbed soldiers in US who even after many
months
after return from war front, are living in fear of war, in a disturbed
mental state, causing problems to their families. There are so many
disturbed war veterans that there are not enough psychologists in the
country to treat them. All sane and wise voices in America are for an
immediate end to war, but Bush is just not prepared to listen.
Sooner
America gets rid of the mentally deranged president, the better.
An interesting situation is definitely ahead of us. Those politicians,
generals, bureaucrats and media men who were on the take from USA
must
look for new masters, now that America is not in a position to
continue
paying them. But the real fun will be when these sold consciences go
for
cashing their dollar bills and get little in return, as US dollar
soon
will not be worth the paper on which it is printed.
Ham dekhenge
Laazim hai keh ham bhi dekhenge
Who din keh jiska waadah hai,
Jo lohe azal main likha hai,
Jab zulmo sitam ke kohegran,
Rui ki tarah ur jaenge
Ham dekhenge, laazim hai keh hambhi dekhenge
Faiz Ahmad Faiz
Javed Iqbal Kaleem
.
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