Marhefka Wrote:
Jan 31, 2013 8:54 AM
Jackie, I'm afraid I don't understand your comment about the debt must be paid off. No one has any intention of paying the debt off. The question is how much is the interest and can the U.S. pay it. The debt will soon be 20 Trillion. At the historical average interest rate of 4%, this means we must pay 800 billion dollars a year in interest. Ouch!!