10-20-2018, 05:48 PM
(10-18-2018, 06:17 PM)Classic-Xer Wrote: What do either of them TRULY know about Republican voters other than what upsets them or scares them doesn't seem to upset or matter as much if at all to us? What are either of them experts on any way? Yes, the national debt has been going up since at least the 1980's. Yes, our financial obligations have been going since at least the 1980's as well. That's old news.
It stops being old news when interest rates soar and the debt is too high. Most of the Federal debt rolls over every 90 days, and is reissued at current rates. If interest grows from 2.5% to 6%, the annual interest grows from $25Billion to $60Billion on every Trillion dollars of debt. If the debt rises too fast, like it is at the moment, interest rates will also rise. So, long story short, stupidity can be fatal over time. Debt service on our $16Trillion debt costs us $400Billion annually. If it rises to $24Trillion and rates double, annual debt service rises to $1.2Trillion: over 30% of the Federal budget.
That's a wealth transfer scam for the debt holders, and the shaft for folks like us.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.