most people, including me, cannot imagine what $US16 trillion looks like... it is too big to contemplate so most people ignore it...problem is it cannot be ignored...here is why... all the revenue raised by US federal government goes on interest payments and mandated entitlement payments...that means all the rest of federal government spending is borrowed...including spending on education, infrastructure, law and order, etc...thus the deficit on government spending is increasing by $US 1 trillion per year... enough already....
Posted by richard-lipscombe
at 4:57 PM NZT
