Read this now for your children's sake

fuckthefuckingfuckers

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Friday November 05, 2004 · 2:07 PM PST

2004/11/05 · 14:07

I've been thinking about the implications of this loss since Wednesday, trying to frame the struggle ahead. I've realized that of all the disasters that we can expect, the absolute worst one is the deficit spending. We have no reason to believe that Bush will cut the deficits as he promises, since he promised to veto over-budget spending in 2000 and look what he did. This means we are looking at 4 years of .5 TRILLION dollar deficits, added to a current debt of 7.3 TRILLION. If it were simply cumulative(and it's not, there's constant increase due to compound interest, that wonderful phenomenon that GWB likes so much), that would mean that the debt would be 9.3 trillion (127% increase) and the corresponding interest payments would be the 380 billion we payed this year times 1.27 = 482 billion. Current revenues are 1.3 trillion, and Bush insists on making his tax cuts permanent, so we would at that point be spending more than a third of our taxes on interest payments. Read More

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