Posted by gun guru on April 17, 2011 at 03:10:58 from (75.128.139.102):
In Reply to: ...SPEAKING OF TAXES! posted by Detmurds on April 16, 2011 at 20:43:03:
All that welfare costs money you know.
All the wars cost money too, WW1, WW2 Korea, Vietnam, Iraq 1 and 2, Afganistan.
The US federal gov. has spent money like a drunken sailor. With money they raise by selling T-bonds. There will come a time in the not too distant future that Uncle sam will not be able to legimately pay the interest on those bonds. We could see the US dollar collapse and super heavy inflation starts at that point.
The US public debt is now 14.3 trillion dollars.........1 million dollars per minute of interest on the debt too. ABSOLUTELY SICKENING.
The US economic situation is about to get super bad if serious spending reductions dont happen now at the federal level.
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