Interest On The Federal Debt To Nearly Triple In Ten Years
By TIC. Filed in Federal Government Gone Wild |
2008: $253,000,000,000
2009: $148,000,000,000
2010: $178,000,000,000
2011: $287,000,000,000
2012: $383,000,000,000
2013: $447,000,000,000
2014: $495,000,000,000
2015: $539,000,000,000
2016: $579,000,000,000
2017: $614,000,000,000
2018: $651,000,000,000
2019: $694,000,000,000
The figures came from Obama’s budget from the same link as below. The bottom line is that taxes are going to go up on individuals (=you and I) in order to pay for the increased federal debt and/or increased interest rates/inflation. And so, all you have to do is take a doubling of taxes and a tripling of the interest on the debt, and basically you have yourself a complete and utter economic disaster on your hands.
No wonder the Department of Homeland Security is pushing to keep people under surveillance. If people who pay taxes knew these facts, then a revolt would begin right away.