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To: plain talk

If you want to have some run try calculating the interest on the national debt at a rate of 14%.

I believe it would then eat all of the tax revenues—with maybe a little more debt required just to pay more interest.


29 posted on 02/27/2018 11:05:23 AM PST by cgbg (Hidden behind the social justice warrior mask is corruption and sexual deviance.)
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To: cgbg

Yes! I have been saying that for years. These DC politicans will be in deep trouble if interest on the debt rises to even 5% much less 7% or higher. The interest on the debt alone will swallow the budget.


33 posted on 02/27/2018 11:44:44 AM PST by plain talk
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