Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: dynachrome
We're $13 Trillion in debt... we spent $3.3 Trillion last year, and only took in $2.1 Trillion...

To get back to even, we'd have to keep taking in $2.1 Trillion, and spending "only" $1.1 Trillion (imagine the apoplexy of the MSM if this was the actual plan), and do that for FOURTEEN years.

THAT'S how bad the debt situation is right now.

7 posted on 04/18/2011 3:56:06 PM PDT by Teacher317 (really?)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Teacher317

Is that including compounding interest?


8 posted on 04/18/2011 4:11:35 PM PDT by EricT. (I'm going to spend 68% more than I make this year- I hear it's the responsible thing to do..)
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


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