Actually, every single dime you pay in federal income taxes goes to pay the interest on the national debt.
posted on 09/30/2010 6:59:58 AM PDT
(Ad Majorem Dei Gloriam)
that is not correct. interest payments on the debt are around 8% of the budget last i checked
meanwhile, we haven’t heard much about the total debt. currently at $13.4 trillion
when GWBush left office it was $9.5 trillion. that’s a $4 trillion increase, almost 50% jump in the national debt in 18 months
posted on 09/30/2010 10:31:40 AM PDT
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