The U.S. Spends $1.2 Billion on Debt Interest Every Day - zerohedge.com
Excerpt from this article:
"US government last year on average paid 41.5 billion each day in interest payments, and this is rising toward $2 billion per day over the coming years."
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Three quotes to read along with this article:
1. "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy." (Source)
2. "You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." (Source)
3. "If you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future of your children, your grandchildren, and your great-grandchildren, would you do it? Well, that is exactly what we are doing as a nation. Over the past several decades we have stolen $15 trillion dollars from future generations so that we could enjoy a dramatically inflated level of prosperity. Our 15 trillion dollar party has been a lot of fun, but what we have done to our children and our grandchildren has been beyond criminal. We ran up the greatest mountain of debt in the history of the planet and we are sticking them with the bill. Sadly, both political parties have been responsible for the big spending that has been going on (Source)
Excerpt from this article:
"US government last year on average paid 41.5 billion each day in interest payments, and this is rising toward $2 billion per day over the coming years."
--------------------------------
Three quotes to read along with this article:
1. "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy." (Source)
2. "You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." (Source)
3. "If you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future of your children, your grandchildren, and your great-grandchildren, would you do it? Well, that is exactly what we are doing as a nation. Over the past several decades we have stolen $15 trillion dollars from future generations so that we could enjoy a dramatically inflated level of prosperity. Our 15 trillion dollar party has been a lot of fun, but what we have done to our children and our grandchildren has been beyond criminal. We ran up the greatest mountain of debt in the history of the planet and we are sticking them with the bill. Sadly, both political parties have been responsible for the big spending that has been going on (Source)
More recommended reading:
America is Committing Suicide: Over the Past 12 Months, the U.S. National Debt Has Increased by $1.271 Trillion Dollars - theeconomiccollapseblog.com
Revenues Grow But Spending Grows Even Faster, and Deficit Explodes - thenewamerican.com
Ponzi: Treasury Issues $1,000,000,000,000 ($1 Trillion) In New Debt In 8 Weeks - To Pay Off Old Debt! (2014)- cnsnews.com
America is Committing Suicide: Over the Past 12 Months, the U.S. National Debt Has Increased by $1.271 Trillion Dollars - theeconomiccollapseblog.com
Revenues Grow But Spending Grows Even Faster, and Deficit Explodes - thenewamerican.com
Ponzi: Treasury Issues $1,000,000,000,000 ($1 Trillion) In New Debt In 8 Weeks - To Pay Off Old Debt! (2014)- cnsnews.com
Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama (2014)- zerohedge.com
Nancy Pelosi: I'm All for Balancing the Budget...in a Few Decades!" (2013) - michellemalkin.com
University of California Study: National Debt Really $70 Trillion (2013) - thenewamerica.com
Nancy Pelosi: I'm All for Balancing the Budget...in a Few Decades!" (2013) - michellemalkin.com
University of California Study: National Debt Really $70 Trillion (2013) - thenewamerica.com
