Replies

To: Olog-hai

It’s $240 trillion net of all taxes. That’s the real figure including all federal obligations.

19 posted on 02/12/2014 6:39:15 AM PST by 1010RD (First, Do No Harm)

To: 1010RD

IIRC, the interest on the debt will be greater than all tax receipts and other forms of government income combined by 2050.

22 posted on 02/12/2014 7:58:12 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)

To: 1010RD

Should have been more clear:

IIRC, the ANNUAL INTEREST PAYMENT on the debt will be greater than all ANNUAL tax receipts and other forms of government income combined by 2050.

It’s like my having more interest to pay each year than I have income.

23 posted on 02/12/2014 8:00:03 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)

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