Friday, August 1, 2014

Here is some food for thought .......

It is predicted that the National Debt will be $21 TRILLION bucks by the time Obamanation and Michelle Antoinette leave the White House ...... to go live a life of luxury and privilege in January 2017.

Here is a little math formula that came into my head about 4 am this morning...    Assuming that interest rates stay low (and they won't) the incoming POTUS will be staring at this:

National Debt:                                              $21,000,000,000,000(trillions)
Annual Debt Service at 4%                          $840.000.000,000(billions)
Annual National Budget                               $3,000,000,000,000  (trillions)

Soooo..... this poses the question - if almost a full third of the 2017 fiscal budget is obligated just to service the national debt --  How do the Congress and the POTUS run the country on the remaining $2.16 Trillion?

Cut backs on services and costs?
or
Raising taxes even higher
or
Growing the GNP after eight years of it being destroyed.....

Not sure I'd want the job.... thank you very much!

(If my math is faulty, feel free to comment and correct me, Friends)

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