click to enlarge, all numbers are in Billions, thus Trillionshttp://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf
As close as I can tell, we are paying about 14 cents of every tax dollar to just pay the interest on our debt NOW. Imagine in 10 years paying twice as much? That means we have 25% less Federal services here in the US, so we can continue pay interest, for more debt over there (wherever). Does anyone else get this, or should I just move to Europe or Africa?
This is not a republican, democrat, conservative or liberal issue. It's basic finance and there seems to be no politician willing to step up and tell the truth; about raising taxes and cutting services. We have to, or the USA will fail.
No comments:
Post a Comment
Drop me a note..