Slade3200
Diamond Member
- Jan 13, 2016
- 68,344
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When those interest rates get paid on the debt where are those payments going and what's happening to that money?I became a real conservative when the Debt spiraled out of control.
Reaganomics was fine until it wasn't.
Clinton's surplus was a good thing until it was killed by tax cuts.
Medicare will be bankrupt in 2026
SS will be insolvent in 2033
Tax cuts are a fiscal disaster.
The interest on the Debt is $400b now, almost as much as Defense, or Medicaid, and it will explode as interest rates rise. That's real money that is mandatory spending.
We need a "Grace Commission-2" ASAP.