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  • Approved for CNN

  • Click to view TomAustin's profile
    Posted August 5, 2011 by
    TomAustin
    Location
    Round Rock
    Assignment
    Assignment
    This iReport is part of an assignment:
    Will you still invest in stock market?

    More from TomAustin

    Debt is the real problem...

     

    I wish that the focus of the discussion could be shifted away from a blame game to one that actually addresses the real problem:  DEBT!   The amount of interest we are spending each year on interest on the debt is about $500 Billion dollars ($500,000,000,000) per year.  This is not the payment to pay down the dept, this is the interest alone.   That is about $2500 for every man, woman, and child in the US today.

     

    Please, lets advance the conversation and have a real discussion to urge our government to stop spending and to get the debt problem back in control.

     

    Reference:

    http://money.cnn.com/2009/11/19/news/economy/debt_interest/index.htm

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