Quote:
Originally Posted by PR_Glen
mixed with other spending cuts this would make a significant impact... unless you are bad with math anyway...
a step in the right direction is one step closer than you were before that...
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http://www.treasurydirect.gov/govt/r...ir_expense.htm
Interest Expense Fiscal
2010 $413,954,825,362.17
Year 2011
$215,581,249,409.94
1000x300,000,000 = $300,000,000,000 x 45% = $135,000,000,000
Doesn't cover the interest
You also have to consider the fact that the majority of the 45% of Americans they use as a scapegoat who don't pay taxes don't work and/or are children elderly.
Should we start slave labor camps for them so we can pay the interest? Oh wait I forgot we already have Walmart.
The problem is paying interest on the money created out of thin air..
Plain and simple.