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Author: eatenbybears Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 176667  
Subject: Re: national debt.... Date: 9/26/2012 6:07 PM
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We are doomed

Horese puckies...

not even close.... unless we keep electing people who want to go to Washington and have food fight in the Congress...

I love America, but the numbers dont add up

$16 trillion in debt
Interest on that debt is almost $1/2 trillion
If the interest on the debt goes to 4.5%, the yearly debt interest will exceed all military and general spending of the government
Social Security is unfunded
Medicare is near broke
Medicaid is broke
Pensions are under funded
People have little savings, including 401Ks (average for person 64 is @ $125,000.
People have huge personal debt
States are broke
Cities are broke
Students with college loans cant get jobs

To mention a few

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