- Feb 22, 2017
- 105,775
- 36,027
- 2,290
With a $32T Debt and $750b a year in interest payments the Federal Budget will never support current spending levels.
The "welfare state" is over. Might as well face the truth now and cut spending.
I posted this list in a different thread, but here are the debt to GDP ratios for most of Europe. I think we can agree they are much more of a welfare state that the US is. Yet they have sustainable and manageable debt. The difference lies in what they spend their money on.