Under Obama U.S. debt will eventually reach 20 trillion dollars. We have to pay interest on that debt...another concept democrats and keynesians are too stupid to understand. At 5% the interest would be 1 trillion dollars. Have you looked at government receipts lately?
One trillion dollars in interest payments is unsustainable. Using todays numbers that's about 40% of the budget. It won't work and we will default on our debt at the rate we're going.
We live in Cuba now.
Last edited by WaterDogRem; 11-16-2009 at 01:17 PM.