Tuesday, June 8, 2010

U.S debt to rise to $19.6 trillion by 2015 | Reuters

U.S debt to rise to $19.6 trillion by 2015 | Reuters

Reuters is way off! The US debt will be $23 Trillion by 2015. The federal government is over spending each year by $2 trillion. All these numbers are meaningless. Once people stop buying US debt, our interest on the current debt will rise. We will need to borrow money just to pay the interest on borrowed money!

The only way to stop this is to elect politicians who advocate shutting the federal departments. Energy, EPA, Agriculture, education and many more departments.