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Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion

 
Sudel_Tek
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08/25/2007 06:59 AM
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Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Is the American Empire Facing Collapse?

Bill Haymin
August 24, 2007

By John W. Whitehead

www.rutherford.org

“The Titanic sails at dawn.”—Bob Dylan


On January 1, 1791, our national debt (the total amount of money owed by the U. S. government) totaled $75 million. Today, it rises by that amount every hour or so.

According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion. Since September 29, 2006, it has increased an average of $1.45 billion per day! And by 2010, the debt is estimated to reach $11.2 trillion.

It is difficult to get one’s head around such a large figure, so think of it this way: if the nation’s debt were divvied up among Americans, every man, woman and child in the United States would owe approximately $38,000 (that only includes the national debt, not any personal debt). Yet the government keeps ratcheting up the national debt, spending money it does not have on ill-advised schemes and far-flung wars.

Since 2001, the wars in Afghanistan and Iraq have cost the American taxpayer hundreds of billions of dollars. For instance, by May 2007, Congress had approved roughly $610 billion for the three military operations initiated since the 9/11 attacks: Operation Enduring Freedom in Afghanistan and other counter terror operations; Operation Noble Eagle, providing enhanced security at military bases; and Operation Iraqi Freedom. The Congressional Budget Office estimates that total funding for Iraq, Afghanistan and the “Global War on Terror” alone could reach $1.45 trillion by 2017.

Add to this the fact that billions are spent on luxury military installations. For example, the new U.S. Embassy being built in Iraq, dubbed “Fortress Baghdad,” covers 104 acres and boasts a “city within a city” that includes six apartment buildings, a Marine barracks, swimming pool, shops and 15-foot-thick walls. Camp Anaconda in Iraq, like many U.S. military bases scattered across the globe, has been structured to resemble a mini-city with pools, fast food restaurants, miniature golf courses and movie theaters.

Thus, it’s clear that American taxpayers’ dollars are not being used wisely or well. For example, earlier this year, it was revealed that although the U.S. had transported nearly $12 billion in shrink-wrapped $100 bills into Iraq, we have no proper accounting of who received it and how it was spent. And it was recently reported that the Pentagon had paid out about $20.5 million over six years to a small South Carolina parts supplier, much of it for fraudulent shipping costs. Included in this exorbitant bill was a line item for $998,798 for shipping two 19-cent washers to an Army base in Texas. Incredibly, the invoice was paid.

Furthermore, our burgeoning military empire—funded by taxpayer dollars—is not limited to Iraq and Afghanistan. In 2005, the U.S. had 737 military bases in other countries. Historian Chalmers Johnson notes that there are “more than 2,500,000 U.S. personnel serving across the planet and military bases spread across each continent.”

Indeed, much like the Romans who faced the challenge of raising sufficient funds to support their over-extended military, America is facing the consequences of financing a global military presence. In fact, David Walker, comptroller general of the U.S., believes there are “striking similarities” between America’s current situation and the factors that contributed to the fall of Rome, including “declining moral values and political civility at home, an over-confident and over-extended military in foreign lands and fiscal irresponsibility by the central government.”

At the height of its power, even the mighty Roman Empire could not stare down a collapsing economy and a burgeoning military. In fact, it was largely prolonged periods of war and false economic prosperity that led to its demise. And it is feared that America, by repeating Rome’s mistakes, is headed toward collapse. As Johnson predicts, “the United States will within a very short time face financial or even political collapse at home and a significantly diminished ability to project force abroad.”

To sustain their empire, the Romans raped the world and heavily taxed those subject to its power. However, as Henry Kissinger recognizes, “Hegemonic empires almost always elicit universal resistance, which is why all such claimants have sooner or later exhausted themselves.” The Romans faced revolt. And the American Empire is now facing its own rebellions, at home and abroad, in the form of terrorism and insurgency.

But we can no longer ignore the cold, hard reality that despite the fact that politicians may say otherwise, America is going broke.

Indeed, President Bush recently patted himself on the back for reducing the deficit to $239 billion. However, as Ed Hall observes on the Debt Clock’s website, “Politicians love to crow ‘The deficit is down! The deficit is down!’ like it’s a great accomplishment. Don’t be fooled. Reducing the deficit just means we’re adding less to the Debt this year than we did last year. Big deal—we’re still adding to the Debt.”

Thus, there are two choices that remain to us: we can continue to pour our resources into building a military empire or we can focus on shoring up our democracy. The Romans chose the military route, and history shows how that ended. Will we make the same mistake?

[link to www.americanchronicle.com]
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starlight_afar

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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Yes, and the monsterous National Debt will be given to America's children. The whole System needs an overhaul and how will that come about?
Sudel_Tek (OP)

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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
The way I see we can go about fixing this whole mess.. in a fairly quick amount of time: We basically abolish our ways of globalism, foreign interventionism, and the like. Then we proceed to allow states and the federal government to fund research in all sorts of institutions. Research such as nanotechnology, stem cell therapies, etc. We should remove unnecessary limitations that prevent or slow down our research & development as well as growth. With what we can make out of all that, we can use to get rid of our debt by trading with countries that we deem safe for the US, giving them literally the conclusions of our research, in return eliminating the debt stamped on us.

Thats an oversimplification of what I'm imagining and thinking about. One big problem is once we leave the UN and other international and globalist organizations, will we still have the same powers over other countries? We might need it to get rid of all this UNNECESSARY debt that was placed upon us by fraudulent puppets.

First things first: Vote for Ron Paul. He is the only one knowledgeable enough & willing to even try to fix this mess we're in.
The blackening of roses will send you to the edges of the land/
The emerald tablets of Thoth the Atlantean/
The hands of the mighty Lion of Judah/
Will throw you through the triangular portals of Bermuda/
Exploring the Hologramic aspects of consciousness/
koffycup
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08/25/2007 07:34 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
The National Debt is a false number designed to keep citizens in chattel bondage. The CDOs and other financial paper instruments are counterfeit, and the buyers of the US Notes have been informed as of late. It's like a cage that THEY keep saying is there, but IT IS NOT. ..."THEY" had to get rid of American gold-backed money to enslave. Then back in March, they stole the Queen's gold to enslave the new PM as Tony Blair quit so as to keep the UK in this scam of "you need us now, or we'll show the world your sterling is worthless... so stay with the EURO and the NWO>"
...Remember that 'currency' is not 'money.' Money is backed by metals; gold, silver, etc. Currency was invented to CONTROL nations/populations without the need to have a formal military presence.
...As long as WE THINK that we owe, then we are obligated/slaves to that criminal debt. When ALL parties to the scam are taking their piece of the pie for private gain, then all is well... who cares to pay off the debt?
...That's why nobody gets very far when it comes to this Fed Reserve stuff and the IRS tax laws. It's a scam. Show us plainly these laws?... they can't/won't because the entire government is in on it and the courts cut it off with "your final answer?"
...Debt to WHO? The Bankers/Gangsters of the world?
IF you REALLY owned your home, nobody could TAKE/seize it for unpaid taxes. ...Another good saying, "Citizens don't pay taxes, conquered people do."
... The Empire that is collapsing is not American. It is the Bankers/NWO/satanic empire that is having a bad day.
Sudel_Tek (OP)

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08/25/2007 07:36 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Good point.

We can easily just isolate ourselves from the puppets & thugs of the world once we have elected reasonable, real patriots, real Americans into the WH and Congress. We will in my opinion need an even more advanced military force however, in that case. I'd focus more on missile defense and border/port security.
The blackening of roses will send you to the edges of the land/
The emerald tablets of Thoth the Atlantean/
The hands of the mighty Lion of Judah/
Will throw you through the triangular portals of Bermuda/
Exploring the Hologramic aspects of consciousness/
koffycup
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08/25/2007 07:48 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Yes, and the monsterous National Debt will be given to America's children. The whole System needs an overhaul and how will that come about?
 Quoting: starlight_afar

.....I think we all know the final answer comes with the gun. And WHY is that? ...After posting signs at the henhouse that say,"NO PREDATORS", how do I keep from losing chicks to the non-stop attacks? They won't stay away with loud noises. Shoot over them and they will return... eventually. Nope, you got to kill those fox, coyotes, and other predators.
...Janis Joplin sang a song with a line that goes, "freedom's just another word for nothing left to loose"... And that's why it's always the LAST resort. It's not the preferred way. But it's the ONLY way that brings safety to our children. The "greatest generation" is yet to be seen.
Anonymous Coward
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
the dollar index will continue to decline until we collapse and there's nothing we can do about it. It's our turn in history to collapse...
Anonymous Coward
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08/25/2007 08:05 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
it's not the national debt that is the problem.. as a percentage of GDP, the national debt is no higher then it has been the past 30-50 years or so... it's the outstanding credit market debt you have to look at..

[link to www.federalreserve.gov]

As a percentage of GDP, this number is at it's highest level in history... it's taking more and more debt just to create another dollar of GDP, and eventually it will top out and the whole system will implode. Has it started? Only time will tell.

[link to mwhodges.home.att.net]

America has become more a debt 'junkie' - - than ever before
with total debt of $48 Trillion - - and the highest debt ratio in history.

That's $161,287 per man, woman and child - - or $645,148 per family of 4,
$45,514 more debt per family than last year.

Last year total debt increased $3.9 Trillion, 5 times more than GDP.
External debt owed foreign interests increased $1 Trillion;
Household, business and financial sector debt soared 9%.

72% ($35 trillion) of total debt was created since 1990,
a period primarily driven by debt instead of by productive activity.


And, the above does not include un-funded pensions and medical promises.


2 great questions:
Can the production of debt forever replace the production of goods and savings?

Can Americans forever borrow their way to prosperity?

Easy Answer > NO WAY !!
Anonymous Coward
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08/25/2007 08:07 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Criminally inclined banker thugs.
Jomama

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08/25/2007 08:26 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
It's far bigger than $8.9 trillion and it's seldom mentioned.

I wonder why.

Try $60 trillion or so.

[link to www.thespiritof76.com]

The consequences are hidden from view also:

[link to djomama.blogspot.com]
to herd or not to herd
[link to djomama.blogspot.com]
Bean There
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08/25/2007 08:26 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Yes, and the monsterous National Debt will be given to America's children. The whole System needs an overhaul and how will that come about?
 Quoting: starlight_afar

Application of off budget government holdings ( surplus revenues ) to pay their self generated “debt”.

[link to www.Gas_oven.com]
Anonymous Coward
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08/25/2007 08:35 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
The federal government should be gutted by 90%.
It would be a huge economic boom to the country.
Anonymous Coward
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08/25/2007 09:12 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Look, it's like this: If you borrow money from yourself, and you've can't pay it back because you've spent all you got, then just never pay it back. Doesn't matter in the long run. The USA simply never has to pay itself back. Problem solved.
Jomama

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08/25/2007 09:22 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Look, it's like this: If you borrow money from yourself, and you've can't pay it back because you've spent all you got, then just never pay it back. Doesn't matter in the long run. The USA simply never has to pay itself back. Problem solved.
 Quoting: Anonymous Coward 254678

Large amounts have been borrowed from others in
other countries, Bright Spark.

And what of the 'murikun holders of T-Bills etc?

How do I borrow money from myself?


lmao
to herd or not to herd
[link to djomama.blogspot.com]
Bean There
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08/25/2007 09:38 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Who put the gas oven link in my post? I certainly didn't, PERIOD.
b
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08/25/2007 10:11 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Who put the gas oven link in my post? I certainly didn't, PERIOD.
 Quoting: Bean There 288155

Plus my IP was banned as soon as I tried to post this question. Had to switch over to the backup.

What? Someone doesn't like the Walter Burien plan to audit government investment holdings and use the surplus funds to offset the phony national debt? Like New York States 133 BILLION retirement funds. Maybe 3 times the actual projected need. A nice tidy 88 PLUS BILLION cash / asset surplus.

Hells Bells! the plan site is gone! I was just there to link which ended up as gas oven in my post.

Hummmm .....

Here is a backup at rumor mill.

[link to www.Gas_oven.com] ( fwd slash ) cafr1 ( fwd slash ) plan.htm

Add your own slashes.

“Local and Federal Government's gross income in 1999 - 8.5 trillion dollars and the entire population's of the USA gross income, "net after taxation" 4.8 trillion dollars.”

"GROSS" INCOME of government is now 1/3rd "TAX" income and 2/3rds NON-TAX income derived from: return on INVESTMENTS and money generated from government Enterprise projects.”

“investment funds. China just cut off further new US "Government" investments, now several trillion dollars worth in China so that would not happen. China learned by seeing what happened to Mexico then Russia.”

“A complete government and (taken over by government) syndicated news media blackout has existed for over 60 years and it started back in 1946. THIS IS FACT, NOT FICTION!”

“The #1 Profit makers for Government from their investments are: The War Industry; Oil Companies; Pharmaceuticals; and Banking. (300% to 400% profits)”

from 3w’s ( dot ) cfr1 ( dot ) com

Now let’s see what happens.
Anonymous Coward
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08/25/2007 10:28 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
There it is again. gas oven subbed for rumor mill.

And banned again with link to some utube vid.

Is GLP haccked?
Anonymous Coward
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08/25/2007 10:38 AM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Well, OP. You failed to mention that by the end of Clintons' last-term in office..we had no "National-Debt" anymore for the 1st time since the "Revolutionary War." Infact we had a SURPLUS! The idiotic administration of now has caused this "Massive-Collosal" F/U. But then again, maybe it was part of the Plan. That is to "Put America into so much debt that it can't be "re-paid". Then the Lender comes-in (like a Foreclosure)and takes over the country under the premise that it is "needed" to pay the debt. Yeah, right! Wake-up people!
Sudel_Tek (OP)

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08/25/2007 06:51 PM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
bump
The blackening of roses will send you to the edges of the land/
The emerald tablets of Thoth the Atlantean/
The hands of the mighty Lion of Judah/
Will throw you through the triangular portals of Bermuda/
Exploring the Hologramic aspects of consciousness/
Anonymous Coward
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08/25/2007 07:06 PM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
NESARA NOW

CALLING FOR NESARA NOW!

By Saint Germain, the Knight Commander

Beloved Founding Fathers and Mothers of the United States of America, Saint Germain and Portia (Goddess of Justice), Great Karmic Board, Mighty Victory, Queen of Light, Goddess of Liberty, Liberty Angels, Legions of Michael, Archangels all, In God We Trust Angels, Indian Runner Angels, Beloved Divine Mother, Virgin of Quadalupe (Mother of the Americas) Beloved Jesus and Mother Mary, all Legions of Light and Love, Saints and Sages, Mother Gaia and the entire elemental kingdom--we call you into action now.

NESARA, NESARA may freedom reign,
NESARA, NESARA bless Saint Germain,
Bring Freedom now, America be,
Sanctified and freed from Illuminate.

O come, O come, White Knights maintain,
Announce, announce with Saint Germain.

NESARA now, bring freedom back,
All taxes gone, there is no lack.
Mortgages paid, and credit cards too.
Bush team is out--Love-Light renew.

Bring protection now, to those who announce,
Wrapped by the angels, they will pronounce,
America now--America be free,
With Saint Germain and Holy Company.

New President arise and victory be,
America rise up and be cut free.
Your blueprint held by Mother God
We resurrect above, corruption and sod.

"Enough," we cry, the Liberty Bell rings,
"Freedom at last"--America sings,
"O blessed be," the children call,
"America, America, glory to all."
Anonymous Coward
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08/25/2007 07:19 PM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
Well, OP. You failed to mention that by the end of Clintons' last-term in office..we had no "National-Debt" anymore for the 1st time since the "Revolutionary War." Infact we had a SURPLUS! The idiotic administration of now has caused this "Massive-Collosal" F/U. But then again, maybe it was part of the Plan. That is to "Put America into so much debt that it can't be "re-paid". Then the Lender comes-in (like a Foreclosure)and takes over the country under the premise that it is "needed" to pay the debt. Yeah, right! Wake-up people!
 Quoting: Anonymous Coward 288169


No, it was the DEFICIT that was reduced to zero, and even
converted to a small surplus, during the Clinton years --
NOT THE NATIONAL DEBT. The national debt has been getting
relentlessly bigger for decades -- though, it is true,
faster than ever during this Bush II era.
Obama/Biden 2016!
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01/27/2014 12:22 PM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
$17.3 trillion and still going strong!

[link to www.usdebtclock.org]

ohappy
ar-15 nut

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01/27/2014 12:30 PM

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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
$17.3 trillion and still going strong!

[link to www.usdebtclock.org]

ohappy
 Quoting: Obama/Biden 2016! 44958077


And who said he would be a do nothing president.I mean unelected fraud.ochainge
A pissed off American veteran!
Space Ghost

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01/27/2014 01:03 PM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
O's objective from day one has been the destruction of the United States.
Anonymous Coward
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01/27/2014 01:17 PM
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Re: Is the American Empire Facing Collapse? -- According to the National Debt Clock, the U.S. national debt is now a whopping $8.9 trillion
O's objective from day one has been the destruction of the United States.
 Quoting: Space Ghost


And he and his buddy's are dong a fine job of it!

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