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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (718084)5/27/2013 10:16:55 PM
From: Wayners1 Recommendation  Read Replies (1) | Respond to of 1583609
 
Excellent. This is something I'm actually interested in. Now lets run the numbers. Let's say a 113B surplus continues every month from now on. The National Debt is 17Trillion. How many months will it take to stop payments of interest to the Federal Reserve System? The answer would be 12.5 years. If you want to make a bet that this cant or cannot be sustained let me know. The money will go to the other's favorite charity.



To: J_F_Shepard who wrote (718084)5/27/2013 11:11:30 PM
From: i-node2 Recommendations  Read Replies (1) | Respond to of 1583609
 
Let's keep in mind that April is the biggest collections month of the year due to the tax filling deadline.

It isn't like they're REALLY paying down the debt -- we are still going to have a massive deficit -- bigger than any deficit Bush generated -- for the full years.


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