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US deficit - to increase over 1 trillion in next 10 years
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<p>[QUOTE="sakata, post: 2924584, member: 23778"]The usually quoted figure is $120 trillion, or about $360,000 per person for every man, woman and child in the country. Interest on that would probably be in excess of $5000 per person before and paying down of that debt, and probably much more than that (I don't know the average interest rate). I don't know that latest figures but I am pretty sure income would not meet that figure even before any tax overhaul.[/QUOTE]</p><p><br /></p>
[QUOTE="sakata, post: 2924584, member: 23778"]The usually quoted figure is $120 trillion, or about $360,000 per person for every man, woman and child in the country. Interest on that would probably be in excess of $5000 per person before and paying down of that debt, and probably much more than that (I don't know the average interest rate). I don't know that latest figures but I am pretty sure income would not meet that figure even before any tax overhaul.[/QUOTE]
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US deficit - to increase over 1 trillion in next 10 years
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