We are indeed in deep trouble.
Anyone have the number on when the interest on the debt will exceed all other revenues?
Years ago the warnings went out that the middle class would be killed. Much of it now has been. The middle class either by choice or with no other choice is walking from there debts.
It was the middle class that propped up this corruption. Now the corrupt are trying to bank as much as they can to try and survive the crash they have created.
Anyone have the number on when the interest on the debt will exceed all other revenues?
Very soon, I think by 2016 or 2015
I saw a vid on Utube the other day... basically said if the gov kept collecting taxes like it is now, but NO MONEY went for anything else except paying down the debt...
It would take 379 years.
It showed the enormity of the numbers we are talking about.