Even a Balanced Budget

72kiteboarder
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72kiteboarder
Edited Date/Time 1/23/2012 8:32pm
Even a Balanced Budget will increase the national debt by 1.5 trillion over the next year. In order to start reducing the national debt we need to have at least a budget surplus of 1.5 trillion a year. That is the amount of interest we will owe on the debt we currently have.

Is it even possible to cut that much? We are in a bad way and will be headed toward WWIII if we don't get this sorted out NOW.
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lestat
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lestat 1/27/2011 5:30pm
1/27/2011 5:30pm
where does all the interest money go ?
72kiteboarder
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72kiteboarder 1/27/2011 5:41pm
1/27/2011 5:41pm
lestat wrote:
where does all the interest money go ?
China, Japan and all the other countries we owe.

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