Spending cuts
In 1944 Congressman Samuel Pettengill warned that communism wanted America to spend itself into bankruptcy and was striving in every way to get the USA totally dependent on a centralised government.
He informed the House of Representatives of the Socialist Manifest for the economic destruction of free governments.
He said steps to prepare a nation for socialism or communism included:
“A great public debt must be built up so that citizens can never escape its burdens. This makes government the virtual receiver for the entire nation.
“Economically, the people must be kept ground by high taxes, which, under one pretext or another, they are called upon to pay. Thus, they are brought to a common level and all income above a meager living is taken from them. In this manner, economic independence is kept to a minimum and the citizen is forced to rely more and more upon the government that controls him.
“A general distrust of private business and industry must be kept alive, so that the public may not begin to rely upon its own resources.”
Today much of Europe is in financial chaos. The USA cannot repay its massive debt in under 1000 years without yielding their entire nation to hostile creditors.
Why do those abusing our Premier for cutting Queensland’s debt want to surrender all of our assets to foreign control?
Have they never grasped that, “The borrower becomes the lender’s slave”, and “He who is surety for a stranger will suffer”.
Geoff Pickering
Warwick
