Based on CBO projections, if interest rates just rise to their 20-year average, we will have an untenable, unacceptable interest rate bill whose beneficiaries are China, Japan, and others who own our bonds.READ MORE
And if Americans find out that the lion's share of their income tax payments are going to service the debt, prepare for a new American revolution.
Wednesday, September 25, 2013
Holy Sh*t: Prepare for a NEW American Revolution!
CNBC via Doug Ross:
Labels:
American Revolution,
CBO,
China,
Congressional Budget Office,
debt,
interest rates,
Japan,
taxes
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