Whole Dude – Whole Gimmicks

Whole Dude – Whole Gimmicks: The Repeal PRWORA Project

Excerpt: The “Repeal PRWORA Project” advocates for the repeal of Public Law 104-193, also known as the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) signed by US President Bill Clinton in 1996. The organizers argue that this law reintroduced varieties of slavery, including involuntary servitude and forced labor, by unfairly denying retirement income benefits to non-citizen taxpayers who cannot provide proof of lawful residency. Critics claim this law infringes on the constitutional rights of these workers, violating principles of equal treatment, protection, and justice under law. They demand for a strict adherence to the natural law principles abolishing any form of slavery.

What is Foreign Debt?

Foreign debt is an outstanding loan or set of loans that one country owes to another country or institutions within that country. Foreign debt also includes obligations to international organizations such as the World Bank, Asian Development Bank or Inter-American Development Bank. Total foreign debt can be a combination of short-term and long-term liabilities. Also known as external debt, these outside obligations can be carried by governments, corporations or private households of a country.
In fact, the national debt went from $4.4 Trillion at the end of 1993 to almost $5.7 Trillion at the end of 2000, U.S. Treasury data shows, a 28 percent increase in the debt over this time when our nation supposedly was running a balanced budget.
The reason for the confusion is that the reported budget deficit/surplus does not take into account new debt being incurred by the Social Security and Medicare Trust Funds and other government loan programs. So, when the budget appeared to have gone down by $69 billion in 1998, the national debt increased by $109 billion, similarly, in 1999, the budget surplus appeared to be $126 billion, the actual national debt rose from just under $5.5 trillion to just over $5.6 trillion.

The Point: Deficits have lost their salience as a political issue. But that doesn’t mean they are going away. And, at some point, our political (and economic) systems will be forced to deal with our growing mountain of debt.

I remind the Nation about the legacy of William Jefferson Clinton, the 42nd US President. Bill Clinton’s Presidential Term: January 20, 1993 – January 20, 2001.

1995-1999

Outstanding debt in 1995: $4.97 trillion

Debt adjusted for inflation: $8.39 trillion

Outstanding debt in 1999: $5.66 trillion

Debt adjusted for inflation: $8.72 trillion

Change in debt between 1995-1999: 13.72%
Change in debt adjusted for inflation: $337.54 billion

2000-2004

• Outstanding debt in 2000: $5.67 trillion
  • Debt adjusted for inflation: $8.47 trillion
• Outstanding debt in 2004: $7.38 trillion
  • Debt adjusted for inflation: $10.04 trillion

Change in debt between 2000-2004: 30.05%
Change in debt adjusted for inflation: $1.57 trillion

1997 Balanced Budget and Taxpayer Relief Act

SUMMARY:

The Balanced Budget Act of 1997 (a spending bill) and the Taxpayer Relief Act of 1997 (a tax bill) legislated the elimination of the annual budget deficit by 2002. Both bills were passed by Congress by large bipartisan majorities and signed into law by President Clinton prior to the August 1997 congressional recess.

DESCRIPTION:

Following difficult and highly partisan budget negotiations in 1993 (for the FY 1994 budget) and 1995 (for the FY 1996 budget), the negotiations in 1997 for the FY 1998 were marked largely by bipartisanship, even as the legislators and the President sought to produce the first balanced federal budget since 1969.

On August 22, 1996, US President Bill Clinton (Democrat) signed into Law that reintroduced Slavery, Involuntary Servitude, Serfdom and Forced Labor in the pretext of making ‘A New Beginning’. Welfare Reform Act or Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) is unjust and unfair for it violates Constitutional Law that defends natural rights of all people living in United States. All US taxpayers must be treated as equals for receiving retirement income benefits for which they paid taxes. President Clinton’s action constitutes transgression of President Abraham Lincoln’s Emancipation Proclamation that saved US Non-Citizens or Aliens from burdens of Slavery.