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>
> 3) The government debt skyrocketed during the Reagan/Bush presidencies.
The
> debt rose from 940 Billion to 4.18 Trillion, a 450% increase !!!! A large
> percentage of the money was spent on the cold war military buildup and
> frivilous pork belly programs.
Well I for one sure sleep well knowing some nutball isn't going to disturb
me.
>
> The interest on the Federal Government Debt for 1998 was
> $363,823,722,920.26. With just the interest, the US could build thousands
of
> new schools, bridges, hospitals each year.
> http://home.earthlink.net/~arison/debt.html
And without paying that interest we would not have any of the schools,
bridges, hospitals and national defense system we now enjoy. We would still
be a third world country.
Norman's right, you overcounted a penny.
John Manasco
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