Wednesday, March 11, 2009

New calculus: USA interest soon to = SS + Med + Defense

What is the cost of the "stimulus package," the deficit spending to break the Greater Recession? In just four short years, author C.H. Smith paints a scenario in which the interest the US pays on its debt will equal the payments it makes for Social Security, Medicare and Defense.

He calls it the Road to National Insolvency. Surely a must read. What to do? Start with a visit to IOUSA, watch the 30 minute film, write your representatives.

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