Where will money to pay interest on $16 trillion come from??

Discussion in 'Economy' started by EdwardBaiamonte, Dec 14, 2012.

  1. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    If interest rates return to normal, 6%, where will the money come from to pay the $1 trillion in interest that will cost.

    Where will the $1.5 trillion come from if the $16 trillion grows to $25 as projected? where will the $2.5 trillion come from if we have to pay back interest and principle??

    How do we ever solve this Obama socialist problem unless we have Greek style severe austerity, learn to pay our debts, and live within our means??

    “Driving up our national debt from $5 trillion dollars to $9 trillion is irresponsible. It’s unpatriotic.”-Barak Obama

    Read more: http://dailycaller.com/2012/07/03/r...-the-debt-is-unpatriotic-video/#ixzz2F5G9sIvs
     
    Last edited: Dec 14, 2012
  2. JimmieD
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    JimmieD Senior Member

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    Why is 6% normal?
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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  4. Rozman
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    Rozman Gold Member Supporting Member

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    The Libs have an answer because they are smarter and better then anyone else...
    The answer will be...

    Blame Bush....
    Blame the Republicans...
    Blame the Rich....
    Blame the successful....

    Continue the Obama agenda...
    Get more people on unemployment benefits because as Nancy Pelosi says...
    It's better for the economy because we get more bang for the buck...

    This is what we are dealing with here and to think we elect these jackoffs...
     
  5. Sarah G
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    Sarah G When Nothing Goes Right, Go Left Supporting Member

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    Where did the money for two unwinnable Bush wars come from?
     
  6. Sarah G
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    Sarah G When Nothing Goes Right, Go Left Supporting Member

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    Oh you cons don't ever want Libs to mention the Bush fuckups.
     
  7. TNHarley
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    TNHarley Platinum Member

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    Our income tax pays for the interest. That is all
     
  8. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    1) the American Revolution was unwinable too yet it was worth a try.

    2) where will the money to pay the interest on Barry's $16-50 trillion debt come from??
     
  9. TNHarley
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    TNHarley Platinum Member

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    its the lib only defense
    BBBBBBOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOSSSSSSSSHHHHHHHH
     
  10. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    except if interest rates go up 4% that's an extra $1 trillion in taxes. We must impeach Barry now!!
     

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