Stay updated with breaking news from Benson gao. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Established until the year 2000, the debt was 5 trillion. According to the policy center, the rivlindomenici panel, between 2000 and 2009, the National Debt roughly doubled. Now it will double again. The figures are scalding, and i am sure that the congressional panel, as well as simpson bowles, and i am sure Rivlin Domenici found the same thing. In 2020, it will be 1 one it will be 1 trillion a year just to pay the interest on the debt. By the year 2025, every set of federal tax revenue will go to Social Security, medicare, and interest on the debt. What is required as noted is to get through the default period because it will obviously raise Interest Rates and create real havoc in the Community Bank environm ....