Friday, November 20, 2009

$4.8 trillion - Interest on U.S. debt

Subject: txt mny -
New York - Here's a new way to think about the U.S. government's epic borrowing: More than half of the $9 trillion in debt that Uncle Sam is expected to build up over the next decade will be interest.

More than half. In fact, $4.8 trillion. If that's hard to grasp, here's another way to look at why that's a problem...



READ MORE

No comments: