Sunday, September 28, 2008

How's Your Debt?

Yes, if you live in the US, you have a lot of debt that you are ultimately responsible for. According to the President's Budget (see page 5), 7.9% of every dollar we pay in taxes goes to interest alone. Think about that for a second?

If they take 20% of each dollar for Defense and we think about all that buys, 7.9% is A LOT OF MONEY. And it's all going over seas. Hmm, that's not good is it? In fact this 7.9% totals $199 Billion dollars per year (it fluctuates up each year too). Enough money to pay for the Iraq war for 20 months.

So how do we get rid of this problem? Simple, you put people in office who promise to work on eliminating the Federal Debt. All YOU have to do is ask them, here; http://www.senate.gov/general/contact_information/senators_cfm.cfm

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