What is our true National Debt? The clock indicates it is reaching $9 Trillion....don't believe it! Try $53 Trillion (see the short video clip to the right of this post). The following Press release article by Steve Jordan explains about a movie circulating the country to inform all Americans of how drastic this situtation has become.
In this Disaster Flick, What's Running Red is Federal Budget
By Steve Jordan, World-Herald Staff Writer, August 20, 2008
Pete Peterson's father was a 17-year-old immigrant without a penny or word of English and only a third-grade education when he got a job washing dishes aboard a Union Pacific train in Nebraska.
Peter G. Peterson
George Petropoulos (a name he and a brother Americanized to Peterson) saved his money and eventually opened a Greek diner in Kearney. Central Cafe was open 24 hours a day, seven days a week, for 25 years.
Petropoulos knew only one American song, "God Bless America." When he sang it, tears streamed down his face in gratitude for what he was able to accomplish in the United States.
The elder Peterson believed in making charitable donations, his son said, even if his children didn't have new bicycles or the family a new car. He also invested heavily in his children's education, sending young Peter to Northwestern University.
Today Peter G. Peterson, 82, says his distinguished career in the public and private sectors started with the values his father passed on, including hard work, love of country and a willingness to sacrifice to serve others.
He has committed up to $1 billion to promote a campaign that will take center stage in Omaha on Thursday: reversing the buildup of public debt, correcting the imbalance of foreign trade, improving Americans' savings practices and finding the political will to make tough decisions.
Click on IOUSA THE MOVIAE above for more information.