| Interest Exceeds Income Tax Paid | 1 comment |
 12 Apr 2003 @ 11:30, by Raymond Powers ..."Now, to be honest, the surplus during the Clinton years is the obvious anomaly and was created by grabbing Social Security funds, specifically the cash set-aside for the impending baby-boomer retirements, and spending it as if it were general funds. But this chart does show the "death spiral" of the government's debt crisis. The interest alone on all this debt now exceeds the income tax paid by every US citizen." |