DEBT PER US CITIZEN…$94,506.00Think About It!!!
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Jerry Jones
Just think how fast the debt is going up now since the interest rate is 5% on 31.5 trillion dollars. We've had years of almost 0 interest and the government went on a spending spree With borrowed money. Now the interest is 5% on an unimaginable amount of money.
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2Jerry Jones
At 5% Interest a year, in 20 years The principle of 31.5 trillion will double to 63 trillion. That's just if the government doesn't spend any more money.
Truth Seeker
At 120% of GDP its literally impossible to pay off. The ONLY way to get out from under this debt is to default, or inflate. Default means another great depression. Inflation means they will continue printing money and stealing the purchasing power from all existing dollars until the dollar is wo... View More