I was quite shocked when I started to really look at the official US Budget. Here is the 10 year plan (page 151) Receipts: $37 trillion Outlays: $46 trillion Deficit: $9 trillion Um…yeah, doesn’t sound like a good plan to me either. So, debt is going to grow. What happens to interest expense? 2010 = […]
Debt? So what…so many people say we owe it to ourselves, it isn’t a big deal. Well, that is not exactly true. As we have seen with Social Security the debt is coming due. I did a search to see if I could find out what was coming due when….check out page 13 of the […]
If you have read my Social Security post, and come to terms with it….this one will scare your pants off. Social Security is a mild problem in comparison. I don’t even know where to begin, so I will point you to a 6 page report written by the CBO in 2002. This report says that because […]