Mahoning Valley Forum

Youngstown & The Mahoning Valley => Valley Politics => Topic started by: Towntalk on November 19, 2009, 02:07:57 PM

Title: Your legacy to your children
Post by: Towntalk on November 19, 2009, 02:07:57 PM
While the talk around Washington is spending more money, here is a fact that they don't want to talk about. America has a $4.8 trillion Interest on U.S. debt In 2015 alone, the estimated interest due - $533 billion - is equal to a third of the federal income taxes expected to be paid that year.

Wild eyed politicians and their pals look for new ways to spend money we simply do not have with the pie in the sky propaganda that their grand schemes are the magic cure-all, telling us that those schemes are the answers, even as the ship of state springs more holes and sinks deeper into the sea of red ink.

Nice legacy that we are leaving our children isn't it?

Title: Re: Your legacy to your children
Post by: sfc_oliver on November 20, 2009, 11:22:30 AM
And the talk is that they want to raise the debt ceiling even higher, I suppose to make it easier to spend more. Our dear congress needs to stop spending and get the country back to work.