DEMOCRATS TAKE OVER CONGRESS IN 2007 AND THEN CONGRESS + WHITE HOUSE IN 2009—–LOOK WHAT TAKES PLACE WITH OUR NATIONAL DEBT!!!!!
According to the president’s budget, interest payments for the national debt will quadruple from $186.9 billion in 2009 to $768.2 billion in 2020. That equals $2,500 for every man, woman, and child to pay off just the interest on our national debt every year. The American taxpayer will be like the Greek King Sisyphus, rolling the (debt) boulder up a mountain only to watch it come tumbling down over and over again. Remember, the $768.2 billion Americans will be paying in 2020 does not bring down our national debt; it just pays off the interest the debt has accrued!
As the Washington Post points out, the interest payments for our national debt will eclipse the spending of all discretionary programs except for defense by 2014. By 2018, interest payments on our national debt will be more expensive than one of the nation’s largest entitlement programs — Medicare. Politically difficult decisions have to be made, but President Obama’s leadership on this important issue is nowhere to be found.