Quote:
Originally Posted by onwebcam
They are manipulating the numbers. The reason it appears to be dropping is because at the moment the Fed isn't charging interest on "current borrowing". And hasn't been doing so. The just make up the difference in inflation (the hidden tax)
The actual interest agreed in writing on the debt by the US congress is around 6% a year no matter what they are "currently" charging.
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wouldn't that just freeze the amount? how long has the interest-free been going on? since the bailouts i'd wager, that's over 2 years. that graph shows a $150billion difference in one year.
Quote:
Originally Posted by nation-x
I find it interesting that the site lists SafeLink Wireless as an "Example of Socialism**."
Those phones aren't paid for by the government but by the telecoms themselves... so it makes me a little skeptical of the information on the site.
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i hear ya, the total net worth of billionaires thing is kinda silly as well. nevertheless, i think this graph does show where the money generally goes, it seems to me anyhoo.