Thursday, December 9, 2010
JUST THINK ABOUT THIS ; VERY SCAREY
We spent 440 billion to service our debt this year. We also spent about 1 trillion for defense. Total spending about 3.2 trillion about 1.2 trillion borrowed. If the current proposal for taxes and unemployment is passed we got a real problem . In just nine years the the interest on the debt will go close to 900 billion.How in the world are we going to pay for it? What do you mean ,don't touch my social security or medicare ? We will be fortunate just to pay the fuel for Air Force One. Interest rates are going up.