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To: sten

Unfortunately, given the magnitude of current debt, the cost burying will only seem marginal.


70 posted on 09/29/2013 9:11:05 PM PDT by Gene Eric (Don't be a statist!)
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To: Gene Eric

actually, no.

our debt has been increasing by $1.5t/yr for the last 4 years on total tax revenues of just under $2t. this means we’re spending $3.5t annually... and 0bamacare will cost at least $3t per year. new taxes associated with 0bamacare will supposedly net $500b ... which means we’ll be spending about $6.5t while bringing in 2.5t ... resulting in a net loss of $4.0 trillion YEARLY

this won’t happen immediately, but over time as the system ramps up.

this will result in a massive increase in debt and a situation where we’re barely able to manage the interest. of course, along the way they will continue to deflate the dollar to under $0.01 compared to 1800.

these people should be tried for treason, as deliberately bankrupting the nation is working against its best interests


130 posted on 09/30/2013 12:34:20 AM PDT by sten (fighting tyranny never goes out of style)
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