money.cnn.com — Here's a new way to think about the U.S. government's epic borrowing: More than half of the $9 trillion in debt that Uncle Sam is expected to build up over the next decade will be interest. More than half. In fact, $4.8 trillion.
Nov 19, 2009 View in Crawl 4
nmessickNov 20, 2009
The government should be sending that bill to each one of us so at least we're aware of what they are doing. If I had the chance to start paying down my own share of that debt, I would if it came with a corresponding decrease in my responsibility of the internet. That debt will not just go away.
rothbardosaurusNov 20, 2009
Case in point: Second Bank of the United States<a class="user" href="http://en.wikipedia.org/wiki/Second_Bank_of_the_United_States" rel="nofollow">http://en.wikipedia.org/wiki/Second_Bank_of_the_Un ...</a>After it lost government privilege and had to operate like an honest, private bank, it went bankrupt.I would swear on a stack of Stephen Hawking books (Bibles being banned on Digg) that Bernanke wants to avoid an audit for exactly the same reason. Transparency and a loss of government privileges would reveal the Fed to be the biggest Ponzi scheme in the history of mankind.
eremos13Nov 20, 2009
LOL
eremos13Nov 20, 2009
I just like how they plan to tax the benefits people currently have to raise the money for new Gov Health. OK, I have benefits that are already rising in cost; now the government wants more money from my benefits; I can no longer afford those benefits and drop out of the pool of income for health care to sign up for the gov's health care = double negative income lost from taxing my benefits and additional cost of me having to sign up for Govt plan. So they then probably have to raise the tax, thus increasing the number of people who drop out -- rinse, repeat.good plan.
Closed AccountNov 21, 2009
Dugg for your screen name and your excellent post.
golfguy6Nov 21, 2009
docimodo:You're an idiot. The majority of rich folks aren't sitting around with a bank balance of $5 million bones or clams or whatever you call them. It's invested in companies or business or places of employment which do more for us than taxing them and giving it to the government. Wait...sorry I was just kidding. Tax them and give health care to all the people that haven't earned it. That sounds fair to me. /s
whoopteedooNov 22, 2009
Don't forget to ask the question, always "who is the interest owed to?" "Who are the creditors who are making up this debt and putting the squeeze on us?" Whoever "they" are, they should all be arrested and held indefinitely, their banks placed into receivership.