Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 2ndDivisionVet

WHAT MONEY?

We have already spent all the money and borrowed 18.1 Trillion more and the interest keeps climbing. Did they not teach math in liberal classes.

1+1=2-2=0 borrow 2 and you have -2. Add interest .01 and that equals...-2.01 and so on until the amount your borrowed plus interest is -18.1 Trillion in the hole and climbing.

At this rate there will be Chinese people in your spare bedroom.


4 posted on 01/02/2015 3:47:15 PM PST by Kackikat ('If it talks like a traitor, acts like a traitor, then by God it's a traitor.')
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Kackikat
At this rate there will be Chinese people in your spare bedroom.

But most of the debt is owed to ourselves! Red China holds "only" about $1.27tn of the total debt--about 9.3%. The largest single holder of US government debt is, in fact, the Federal Reserve.

17 posted on 01/02/2015 4:39:07 PM PST by __rvx86 (A non-trivial fear: Government by my peers. Double points if you can figure out when I was born.)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson