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Reply #8: You might want to let them in on a little secret..... [View All]

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wadestock Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 10:10 PM
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8. You might want to let them in on a little secret.....
The interest on the debt every year now will exceed 350Billion.

It is now 8% on your tax dollar just for interst on the debt.

It will climb steadily to 10%....15%...etc...
As the TOTAL DEBT reaches beyond 10 Trillion....

NO country in the world, even the US...will continue to finance this enormous world class debt at low interest rates.

You have a couple choices....
raise the interest rate and pay unaffordable interest on the debt.

or...

Keep interest rates unusually low like they are now.....

and guarantee that the debt won't be financed into the future.
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