Tags: gross | obama | suicide

Martin Gross: Obama Leading U.S. to Fiscal 'Suicide'

Tuesday, 01 Sep 2009 08:02 PM

By Jim Meyers

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Social scientist and New York Times best-selling author Martin L. Gross tells Newsmax that the U.S. is heading for "national suicide" due to overspending and high taxes.

Gross has testified before six Congressional committees on government inefficiency and is the author of the new book "National Suicide: How Washington Is Destroying the American Dream from A to Z."

Gross told Newsmax.TV's Kathleen Walter about the basic premise of his book.

See Video: Martin Gross talks about the dangerous combination of high taxes and overspending leading to “National Suicide” - Click Here Now

"The federal government's major evil is basically its size and the politicians who run it ineffectively," said Gross, who has also been a syndicated newspaper columnist.

"Now the Democrats have moved ahead in spending so vigorously and so aggressively that we're leaning toward national suicide.

"The administration of the government is pitiful. For example, our national debt is now $12 trillion, with $57 trillion in indebtedness for the future, and there seems to be no way to stop it except through a citizen's revolt.

"That revolt would require that the two political parties be dissolved and that a new party emerges that favors the average middle-class citizen — who is now under attack, particularly in taxes. Taxes in America are atrocious.

Walter asked Gross for his views on President Barack Obama.

"The aim of the Democratic Party and Mister Obama is to spend as much money as possible, to create as unstable a government as possible, to attract more and more voters," Gross said, adding that Obama "is obviously the worst president we've ever had."

The U.S. government "is the least efficient operation in the Western world," Gross told Walter.

"Taxes in America are now 41 percent of the Gross Domestic Product, and the nation cannot exist that way. Europe is 39 percent, but in Europe there are almost no property taxes. The schooling is handled by the federal government.

"Here the local people pay for the schools. The property tax has tripled in real dollars since 1960, and if you don't pay your taxes in six months you'll lose your house. So it's not a matter of taxation, it's confiscation."

Due to the interest on America's national debt, "right now we are a vassal of the Chinese and other governments which are buying our debt," Gross declared.

"And if they didn't buy our debt, our interest rates would go from the current one percent up to 10 percent and we'd be a bankrupt nation."

Gross also said that the lowest 50 percent of wage earners pay just 3 percent of all taxes, and the U.S. spends $700 billion a year on welfare — $65,000 for each poor family of four — "yet poverty continues to plague America."

See Video: Martin Gross talks about the dangerous combination of high taxes and overspending leading to “National Suicide” - Click Here Now

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