In the year 2010 the U.S. Government paid somewhere in the neighborhood of $415 Billion dollars just in interest on our national debt, that is Billion with a “B” folks.
That is more than the combined budgets of thirteen agencies of the United States Government.
If that is not VIGORISH Writ Large, I don’t know what is.
Since the year 1988, the U.S. Government has paid $8 Trillion dollars in interest on the national debt, which is a Trillion with a “T” folks.
If that is not ‘VIGORISH WRIT LARGE’, I don’t know what is.
By the year 2020, the annual vigorish on the
U.S. debt will be in the neighborhood of $1.15 Trillion dollars.
If that is not VIGORISH WRIT LARGE, I don’t know what is.
By the year 2025 or thereabouts, every penny of revenue taken in by the government will be spent on the vigorish alone.
If that is not VIGORISH WRIT LARGE, I don’t know what is.
Does anyone with something besides scrambled eggs for brains out there think we should raise the debt limit once again and let these inept people continue to borrow and spend?
A couple of columns ago I mentioned the fact that out of 192 countries in the world we give foreign-aid to 154 of them: WHY???
If the government cut off all foreign-aid and we began paying $100 million dollars worth of vigorish on the debt per day, it would take approximately 400 years to pay it off, but is that any reason to continue on this insane fiscal death spiral our leaders seem to have us on? The only sane answer is NO!!!
We need to insist that our leaders vote no to increasing the debt limit any further.
Washington has already proved beyond a doubt that they don’t know what they are doing and can’t be trusted with the national checkbook, and must be watched closer than a bulldog watching the mailman.
WAKE UP
AMERICA!!!
Aaroncantor2003@yah00.com
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