Monday, January 30, 2012

Quote Of The Day For January 30, 2012


“The CBO numbers foresee net interest payments rising from 9 percent of revenue to 36 percent in 2030, then to 58 percent in 2040, and up to 85 percent in 2050. If that trajectory holds, we’ll be spending more than the planet’s entire military budget on debt interest. But forget mid-century because, unless something changes, whatever goes by the name of ‘America’ under those conditions isn’t worth talking about.”—page 5 of After America:  Get Ready for Armageddon by Mark Steyn

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