Tuesday, September 7, 2010

From cash in the bank to IOUs

November 11, 2009 by MoneyElement · Leave a Comment 

 ”Congress is not willing to take short-term pain for long-term pain,” Sen. George Voinovich, R-Ohio, told a Senate Budget Committee.
The country’s long-term debt load is climbing. Just the interest on it alone may total $4.8 Trillion between 2010 and 2019. This is what two wars, a decade of tax cuts, and all of the financed [...]