Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (766927)	12/26/2007 10:39:19 AM
From: PROLIFE	Read Replies (2) \| Respond to of 769670

National defense spending grew 64 percent, to $572 billion. I agree Washington has spent too much, but don't you think the defense figure is a bit misleading? Wouldn't a couple of things like the fact that we are in a war and the fact that we had to recover from clinton gutting our military make that figure look as it does?

To: tonto who wrote (766927)	12/26/2007 10:43:49 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to 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....