PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: tonto who wrote (766927)	12/26/2007 10:43:49 AM
From: DuckTapeSunroof	Read Replies (1) of 769670

"It is time to cut spending and reduce the size of our government." It sure is! I found this statistic to be the most troubling: The accumulated national debt -- $5.77 trillion near the end of Bush's first year in office -- now stands at $9 trillion. The cost of paying the interest on that debt ran to $250 billion in 2007, nearly half of what the government spent on the Defense Department. Interest on the accumulated federal deficit is going to eat our country alive.... As I understand it, by somewhere around 2030 or so, INTEREST on the National Debt ALONE will be more then all the tax revenuse of the entire federal government. Obviously... the big crisis must hit before that point in time....

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