Wednesday, March 26, 2014

The US Is Now Spending 26% Of Available Tax Revenue To Pay Interest | Zero Hedge

The US Is Now Spending 26% Of Available Tax Revenue To Pay Interest | Zero Hedge: "In the Land of the Free, for example, the government routinely doesn’t count interest payments that they make to the Social Security Trust Fund.

They’ve managed to convince people that those debts don’t matter ‘because we owe it to ourselves.’

Apparently in their minds, solemn promises made to retirees simply don’t count.

It’s like a person who is in debt up to his eyeballs with both credit card companies and family members has no compunction about stiffing Grandpa."



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