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U. S. 2020 budget deficit of 1 trillion with 22 trillion debt
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<blockquote data-quote="ccr" data-source="post: 1586467" data-attributes="member: 28887"><p>Interest on the national debt is around 480 billion.</p><p></p><p>Depends on how you look at it: We borrow money - to send foreign aid to other countries and to pay the interest on the national debt.</p><p></p><p>To me this is the biggest issue facing the U. S. today, but I guess I'm in the minority on this. One of my concerns is that a solution will be to take away from social security which so far the tax on people have been paying the outlays, but I've heard from some that this entitlement program needs reform, which I don't disagree, but there are other things that need reforming also.</p><p></p><p>Don't know why our government isn't addressing this boondoggle. I wrote the pres, senators, and representative, but doubt that does any good unless enough people expressed their concern to their representative and senators about the national debt and deficit. I'm trying to understand why the government is letting this happen and not doing anything about it, and how this out of control spending is going to affect you and me.</p></blockquote><p></p>
[QUOTE="ccr, post: 1586467, member: 28887"] Interest on the national debt is around 480 billion. Depends on how you look at it: We borrow money - to send foreign aid to other countries and to pay the interest on the national debt. To me this is the biggest issue facing the U. S. today, but I guess I’m in the minority on this. One of my concerns is that a solution will be to take away from social security which so far the tax on people have been paying the outlays, but I’ve heard from some that this entitlement program needs reform, which I don’t disagree, but there are other things that need reforming also. Don’t know why our government isn’t addressing this boondoggle. I wrote the pres, senators, and representative, but doubt that does any good unless enough people expressed their concern to their representative and senators about the national debt and deficit. I’m trying to understand why the government is letting this happen and not doing anything about it, and how this out of control spending is going to affect you and me. [/QUOTE]
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U. S. 2020 budget deficit of 1 trillion with 22 trillion debt
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