Date registered: Apr 2004
Location: The BlueGrass State
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
I need to make a correction. Since I posted that number at 3am the National Debt has gone up another $600,000,000 in round numbers [about $1.58B per day since W took office]. 10% of every tax dollar is used to PAY INTEREST on that debt to those who hold the treasury notes, bills, bonds etc.
I get some of it, CHINA gets a big bunch since they are the single biggest holder of US DEBT at $1.2T. Yes kiddies, we owe the one single country that has publicly declared that their goal is to overtake us as the single world economic superpower in the next quarter century over a TRILLION DOLLARS and we pay them over $85BILLION in interest for the privilage.
All of this fine economic lending and borrowing to China has come about in...GUESS HOW MANY YEARS???? Come on Weepublicans, guess. Here is a hint. The number is equal to the number of years that a certain man has been president. Can you guess?? Another hint. People used to have his initial on the back of their cars. Now they have it scraped off in embarassment. [kinda looked like M the Moron]
Another $75,000,000 while I typed. Burn, Baby Burn.
Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.