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Title: "CBO: INTEREST ON U.S. DEBT TO QUADRUPLE BY 2024" Post by: WhiskeyGirl on March 26, 2014, 04:07:16 PM Quote The Congressional Budget Office (CBO) now projects that by the end of the budget window in 2024, interest payments on the U.S. debt will quadruple, reaching a stratospheric $880 billion a year. According to Senate Budget Chairman Jeff Sessions (R-AL), that will mean interests payments on the debt will be 105 times larger than the FBI's budget. read more here and see chart - http://www.breitbart.com/Big-Government/2014/03/26/CBO-Interest-on-U-S-Debt-to-Quadruple-by-2024 (http://www.breitbart.com/Big-Government/2014/03/26/CBO-Interest-on-U-S-Debt-to-Quadruple-by-2024) Wow. $880 billion a year!!! Title: Re: "CBO: INTEREST ON U.S. DEBT TO QUADRUPLE BY 2024" Post by: WhiskeyGirl on March 26, 2014, 04:09:42 PM Quote With a current federal debt of about $17.5 trillion, the Congressional Budget Office projects that in 2014 taxpayers will foot the bill for $233 billion in interest payments alone. By 2024, the CBO believes that those payments will nearly quadruple to $880 billion. “Every dollar spent paying our creditors is a dollar wasted — money for which we get nothing in return. Interest payments threaten to crowd out every other budget item,” GOP Senate Budget Committee staff write in a memo released Wednesday. Read more: http://dailycaller.com/2014/03/26/cbo-interest-on-the-federal-debt-alone-will-be-880-billion-in-ten-years/#ixzz2x6OZwSwO (http://dailycaller.com/2014/03/26/cbo-interest-on-the-federal-debt-alone-will-be-880-billion-in-ten-years/#ixzz2x6OZwSwO) $880 billion, almost a TRILLION a year in interest payments on a $17 TRILLION PLUS debt. How stupid is that? What is wrong with Congress and the president? Shame, shame, shame... |