Interest Payments on U.S. Government Debt Are on Track to Bankrupt America


Monday June 13th, 2011   •   Posted by David Theroux at 2:20pm PDT   •  

This video, “Brother, Can You Spare a Trillion? Government Gone Wild!”, has now had over 2.7 million views on YouTube. It summarizes the gigantic threat that U.S. government debt poses for America, with annual interest payments alone this year totaling more that all federal spending for the combined costs of the departments of Commerce, Energy, Treasury, Health and Human Services, Transportation, Veterans Affairs, Agriculture, Homeland Security, Housing and Urban Development, Justice, and Labor plus the Small Business Administration! Federal spending must be drastically reduced if this looming crisis is to be avoided.

HT: Peter A. Howley




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