[PGR88]

The USA spends 26% of its tax-receipts simply paying interest on the national debt. That amount is rising too - and interest rates are artificially low.

Study society and politics in places like Argentina and Bolivia. Its where we are heading.

[MarkL]

The USA spends 26% of its tax-receipts simply paying interest on the national debt. That amount is rising too - and interest rates are artificially low.

Study society and politics in places like Argentina and Bolivia. Its where we are heading.

Which is one reason that the Federal Reserve is "printing" $$ around the clock, 24 hours a day. It allows the government to repay its debts with "cheaper" dollars. So what if this defacto devaluation of US currency raises the prices of everything, financially pinching the US public worse and worse.

Mark