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To: BobL

As I read it this plan merely cuts the DEFICIT by $4T. Current deficit estimates are for $20 TRILLION over a decade. That means that the DEBT will continue to GROW. We currently pay $676 Billion in interest on the $14+ Trillion Debt. Under this plan we will continue to INCREASE the DEBT beyond the $14+ Trillion currently. Another Half-A**ed attempt to scam the problem.


35 posted on 04/03/2011 9:33:28 AM PDT by Thom Pain (November 2, 2010, Step ONE. Repeal 17th, Step TWO. 11/6/2012, Step THREE)
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To: Thom Pain

With the numbers you push forward, the deficit in 2021 will be around $30 Trillion dollars. That would mean the payment on the interest would be around $1.4 Trillion a year. That is at current interest rates, and credit rating. A small bump could mean disaster, and large bump will mean complete destruction of the US as we know it. All of this within 10 years, and both parties are still rearranging the deck chairs on the Titanic.


60 posted on 04/04/2011 11:45:14 AM PDT by runninglips (the world is on fire, and we are busily emptying our reservoirs)
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