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

To: RetiredNow who wrote (1112237)	1/21/2019 10:32:19 AM
From: Land Shark	Read Replies (1) \| Respond to of 1572777

But Fatrumpers love their tax cut... it’s like drawing from a huge line of credit and rejoicing that your income has gone up. The big fat lie was that it’d pay for itself. FatRump is on a drunken spending spree.

To: RetiredNow who wrote (1112237)	1/21/2019 11:23:38 AM
From: bruwin	3 Recommendations Recommended By locogringo Mick Mørmøny RetiredNow Read Replies (1) \| Respond to of 1572777

Well ... the thing is ... In Obummer's term of 8 years in office the National Debt went from about $10 Trillion to about $19.5 Trillion. Now, it could be argued that about $1.5 Trillion went towards bailing out the banks in 2008/9. So that means that Obummer added about $8 Trillion, NETT, to the national Debt. Roughly $1 Trillion a year !! If we take a long term US Bond rate of about 2.5% P.A. that $8 Trillion is costing the USA about $200 Billion in Interest Payments, alone, per annum, based on a Simple Interest calculation. And the more Government Bonds that are issued, i.e. borrowing money, the greater becomes that interest burden if the Principle of the Debt is not reduced ..... I would suggest cutting away a lot of the "Dead Wood" in terms of Government Departments and Employees as a starter .... and that followed by drastically reducing "Foreign Aid" to other countries .... "Charity Begins AT HOME !!"