Wave of Debt Payments Facing US Government - General * US * News * Story - CNBC.com
and with the dangerous direction of the bonds market, that approach is accelerating alarmingly
China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills | CNSnews.com
still, the party in power pusillanimously produces no blueprint
Dems lack budget leadership
The key is the amount paid to debt service, represnted by net interest payments on said debt, which is greater than an order of magnitude smaller than federal income.
#1 and #3 are source data, with a citation, that prove my point, just like you wanted.
Are you ready to agree with my position, that federal revenue is sufficient to pay for the interest on the debt?
And that if we do not raise the debt ceiling and we default, it is because we made the choice to default?
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
you'd need to go to whitehouse.gov to know what they'd say?
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville