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To: 1010RD

Should have been more clear:

IIRC, the ANNUAL INTEREST PAYMENT on the debt will be greater than all ANNUAL tax receipts and other forms of government income combined by 2050.

It’s like my having more interest to pay each year than I have income.


23 posted on 02/12/2014 8:00:03 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

You’ll like this podcast:

http://www.econtalk.org/archives/2014/01/laurence_kotlik.html

The site is a treasure trove of knowledge.


26 posted on 02/12/2014 9:17:53 AM PST by 1010RD (First, Do No Harm)
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To: xzins

I owe my soul, to the company store.... And the souls of my children and grand children

Teeman


31 posted on 02/16/2014 9:02:44 AM PST by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world.)
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