Quote:
Originally Posted by tabs
And JUST for HUGH...this WAS going to be the title of this afternoons little missive...currently by 2018, if we see no dramatic increase in Interest rates..the US will be paying $1,000,000,000,000.00 in Interest on the debt. That is about $3000.00 for every man woman and child in America...So Hugh since you are an EMPTY NESTER..you and you wife will have to cough up $6000.00 a year every year above and beyond the funding of the other US govt operations...
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How'd you get to 1 trillion in interest? At 4% interest rate, $25 trillion in debt. $25 trillion in debt = $80k in debt for every man, woman, and child in America. Currently, we owe $45k for every man, woman, and child in America.
Staggering debt, it is.