Thursday, February 13, 2014

Why even have a "debt limit"?

Hell raise the debt limit to infinity. What difference does it make? At the $17.2 soon to be $20 trillion debt the annual interest is only $330 billion of the $2.2 trillion in total annual tax revenue! Hey NO big deal! But wait for it! When interest rates head up to 8% to 10% which has been the prevailing rates for most of the last half of the 20th Century! The interest on the debt will be $2 trillion the entire annual tax revenue !!!!!! How's that going to work? Hope you Obama SUCKERS love paying TAXES cause the Government will take ALL you make to pay me to sit around on my fat ass collecting Social Security and Medicare! Thanks SUCKERS!

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