Wednesday, May 4, 2011

Brace Yourselves for A National Debt Tsunami...

  • Our present national debt is $14 trillion.

  • The Congressional Budget Office says we will be $20 trillion in debt by 2015, $25 trillion in debt by 2020 and $27 trillion in debt by 2021.

  • The interest on $27 trillion would consume 50% of all federal tax revenue.

  • By 2026, the rest of the world COMBINED will NOT have enough money available to buy ALL of our debt.


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