Talk of The Villages Florida - View Single Post - It's not really about spending
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Old 04-08-2011, 03:30 PM
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Default It is all about spending..

Quote:
Originally Posted by waynet View Post
It is about borrowing $336 million dollars every year, and give it to planned parenthood, and borrowing 1.65 Trillon dollars each year, and spending that too. It is about paying $395 billion dollars a year every year just to pay the interest on the national debt... that is $1300 every year for each person in taxes.. just to pay the INTEREST on the debt.. and since on average there are 3 people in every family, that is $4000 per year just to pay the interest.. and since only half of the families pay taxes at all, that is approximately $8000 per year in taxes just to pay the INTEREST on the national debt..
NOW do you understand how serious this is? Now do you see why were were going into debt so fast now.. and why we have to stop is NOW... do you realize that as the value of the dollar drops.. and it is dropping rapidly because we have been printing trillions to try to pay for all this spending, fewer people want to buy our debt so we recently had to buy 70% of our own debt (print it), because no one wanted it at the interest rate we could afford.
READ UP ON THIS MESS PLEASE!
JJ