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Uh, Obama? We Have a Problem: Interest Expense to Hit $1 Trillion in 4 Years

Ken5061 Wrote: Feb 06, 2013 10:53 AM
I thought you knew. That is why they are doing this, the progressive communists. They figured that if they could spend/waste/fraud/abuse enough of America's wealth, we would be forced to raise taxes to pay for it. We need to just say no, except they are raising taxes through the back door without voting using inflation. Your money is half gone now, if you had any saved.
ppotts Wrote: Feb 06, 2013 1:09 PM
yup they have pretty much siphoned off all the middle class wealth.

I hate to interrupt Obama’s “We Don’t Have a Spending Problem” World Tour. But reality intervened on Tuesday as the Congressional Budget Office released a report that says that the budget deficit will grow through 2023 and “will eventually require the government to raise taxes, reduce benefits and services, or undertake some combination of those two actions,” reports CBSNews- and all of that just to cover interest payments.

“In its annual Budget and Economic Outlook,” writes CBSNews, “the CBO said debt held by the public will be bigger by 2023 than in any year since...

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