Categorized | News, Opinion

What The US Could Do With The Interest On The Debt Instead Of Paying It To China

President Obama proposes an almost $4 Trillion budget. This will lead to the largest budget deficit in history. Then he cuts a few pennies off and proclaims it lean. What bologna!

With a projected deficit of over $1.5 Trillion to be added to the already $13 Trillion we owe, we may already have passed the point of no return.

But one of the most shocking aspects of what this debt is doing to us, for December 2009, the interest alone on this debt was $105 Billion.

What could we do with this $105 Billion if it did not go to China, Japan and the oil producing countries we owe?

For starters, it could have paid for Health Insurance for 94 Million families for December instead. There are approximately 112 million households with 2.6 persons per family according to the Census Bureau (for 2007 – latest available figures). This also equates to 244 million of the 291 million people in the US.

The money for December’s interest alone could have paid the tuition for 15 million college student’s for an entire YEAR! (There are approximately 21 million currently enrolled in College.)

It could have paid every household in America almost $1,000 in December instead.

The problem with the economy is not under-regulation. It is not bonuses paid out to workers. It is not “fat cat bankers”.

It’s the debt, stupid!

And President Obama thinks we should pile on more.

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

Sign up for Virginia Right Once Daily Email Digest

No Spam - ever! We send a daily email with the posts of the previous day. Unsubscribe at any time.
* = required field

Follow Us Anywhere!