Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments

Bush Makes Up for Tax Cuts With More Spending: John M. Berry

Quicklink submitted By       Message Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) , Add Tags  (less...)

View Ratings | Rate It

opednews.com

Author 5
Become a Fan
  (9 fans)
Over the last 5 years, debt held by the public rose by more than $1.5 trillion, to $4.84 trillion, a 46% increase. What does it cost the Treasury to finance an additional $1.5 trillion? Even with today's unusually low level of longer-term interest rates, probably around $70 billion/yr. Essentially, that's the cost of lowering taxes without curbing spending.

Read the rest of the story HERE:

At http

- Advertisement -
- Advertisement -