American Traitors

In 2000, this nation had a $230 billion dollar budget surplus. By 2004, that surplus had evaporated, to be replaced by a deficit of $412 billion (1.).

In May of 2000, Japan held $337 billion in US treasuries, China - $60.4 billion, OPEC $48.3 billion. In total, $1,260.8 billion in US debt was held by foreign central banks. (2.) In February of 2005, Japan held $702.1 billion, China - $196.5 billion, OPEC - $67.1 billion. In total, $1,996 billion in US debt is being held by foreign central banks.(3.)

This amount of US debt in the hands of foreign interests represents a threat to this nation unimagined by our Founding Fathers over two hundred years ago, let alone two or three decades ago. Foreign interests, with their hands on America's purse-strings, may now have the power to devastate the US economy at any time of their choosing. This blade hangs over America, yet our elected, some would say selected, leaders refuse to acknowledge its presence...let alone their complicity...in bringing about this state of affairs.

This administration has presided over wartime tax-cuts, a free-falling dollar, and surging foreign trade deficits as well as the ever expanding federal budget deficit, estimated at some $512 billion for 2005 (4.) ( this doesn't even include the cost of ongoing operations in Afghanistan and Iraq).

In placing our nations finacial health so firmly in the hands of foreign powers, this adminstration has betrayed its responsibility to the American people...It has abandoned any pretext of fiscal responsibility...It has turned a blind eye to war profiteers (5.)...In short, this administration and the Republican leadership in Congress have betrayed their oaths of office by ceding so much power over this nation directly into the hands of foreign agents. This is nothing short of treason, and its perpetrators should be brought to justice. It is time to stop coddling these vipers in our breast and name them for the traitors they are.