We are on the razor's edge now and the interest on our debt is very low. Rates will go up. Five per cent on twelve trillion is six hundred billion a year. The way Congress is spending we will soon be paying interest on twenty trillion. That's one trillion per year.
The price of oil is headed up. One hundred dollar oil will have a big impact on our economy. We still have people laughing at the thought of developing our own oil. They think drill baby drill is funny. They also think a new trillion dollar entitlement is no problem. Borrow and spend. Live for today.
The price of oil is headed up. One hundred dollar oil will have a big impact on our economy. We still have people laughing at the thought of developing our own oil. They think drill baby drill is funny. They also think a new trillion dollar entitlement is no problem. Borrow and spend. Live for today.