At 19% of our debt figure, credit interest obligation mounts daily to new heights. Just as a credit card that acquires new indebtedness daily takes on debt life of its own if we don’t pay it off, our national bonded state daily increases the debt the wingnuts originated. While the right wing accuses this Obama administration of increasing our burden and deplores that as a national hazard, their own obligations add daily to the deficit figure that they claim to deplore; they ignore that old debt that they themselves piled onto this country.
Mounting Interest Hurtles Debt Higher |
| By: Ruth Calvo Saturday March 27, 2010 7:00 am |


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