We are paying a half million dollars a minute in interest on our debt

[Toots]

And that figure will start to move up wards rapidly. Interest rates are very low at the moment but that is set to change. At the moment our debt is over eight trillion dollars and rising rapidly. The interest we are paying is almost as much as our entire Defense Budget. Clinton had us on the road to pay off the Debt within a decade. Imagine how much Health Care a half million a minute would provide, not to mention how we are enriching foreign countries instead. A half million a minute and rising just thrown away. We could do so much better...

[no_hypocrisy]

1. That's INTEREST, folks. Not toward the principal debt.

Just the froth on the ocean.

[kentuck]

2. When we go bankrupt, we can write off all that debt...

No problem... <sarcasm off>

[rasputin1952]

3. The only thing that is supporting this nation right now, is the fear that

if those to whom the debt is owed decided to call in the payments, this nation would tumble into an abyss, and take the rest of the world w/it. Fear is driving the economy, and if we don't get this monkey off our back, we will be in serious trouble when the debt is due. bush could care less, he isn't going to pay for any of it...:(

[BlueManDude]

4. Thank god those tax and spend Democrats aren't in charge!!!

[BonjourUSA]

5. wouldn't it be a droplet ?

Don't forget the $100 000/sec in Iraq

[FormerDittoHead]

6. That's OK, the interest goes to retirees and to help the poor... :sarcasm: