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Thread: Interest on the Debt

  1. #1

    Exclamation Interest on the Debt

    Within a decade, more than $900 billion in interest payments will be due annually, easily outpacing spending on myriad other programs. Already the fastest-growing major government expense, the cost of interest is on track to hit $390 billion next year, nearly 50 percent more than in 2017, according to the Congressional Budget Office.

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    What does the financial future hold? Possibilities are long-term higher inflation rates, short-term debilitating inflation hikes, substantially higher taxes, and/or currency collapse.
    Saturn replied. "I fear. There is not only the alternative of making and not making, but also of unmaking. Seest thou the great sea, how it ebbs and flows? so is it with me; my power ebbs; and if I put forth my hands, I shall not do, but undo. Therefore I do what I have done; I hold what I have got; and so I resist Night and Chaos."

  2. #2
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    Quote Originally Posted by ClydeR View Post
    What does the financial future hold? Possibilities are long-term higher inflation rates, short-term debilitating inflation hikes, substantially higher taxes, and/or currency collapse.
    All caused by run away spending on entitlement/welfare programs.
    I asked for neither your Opinion,
    your Acceptance
    nor your Permission.

  3. #3

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    Clyder.. worried about the debt from 2001-2008, then not at all, and now again 2017-2024.
    Quote Originally Posted by Androidpk aka The Creepy Sponge View Post
    And feel free to get me banned, not going to stop my lawyer from sending Kranar a subpoena for IP information on a couple of people.

  4. #4

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    We already on to the next Trump disaster that will lead to Armageddon? That was fast.

  5. #5
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    Quote Originally Posted by Tgo01 View Post
    We already on to the next Trump disaster that will lead to Armageddon? That was fast.
    I was expecting us to revisit the Mueller investigation. Something has to drop before the election on that...you know that's what they are planning.

  6. #6

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    Quote Originally Posted by Fortybox View Post
    I was expecting us to revisit the Mueller investigation. Something has to drop before the election on that...you know that's what they are planning.



    No. The FBI would never do that.
    Saturn replied. "I fear. There is not only the alternative of making and not making, but also of unmaking. Seest thou the great sea, how it ebbs and flows? so is it with me; my power ebbs; and if I put forth my hands, I shall not do, but undo. Therefore I do what I have done; I hold what I have got; and so I resist Night and Chaos."

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