what is the interest on 2 Trillion Dollars, more than what is invested..??

[sam sarrha]

will the trillions to "Jump start" the new SSI program ever be able to be paid back.. I'm talking about the principal.. will it ever be able to meat the interest either..??

this is going to suck out the life of the proposed program and the Brokers will eat the carcass.. pick the kbones clean then suck out the marrow

[tk2kewl]

1. I asked when the SS plan would break even in this thread . . .

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x3053763 and haven't found an answer yet. But a freep has been pushing for the piratization there

[sam sarrha]

2. so what is the interest on 2 Trillion dollars...

[tk2kewl]

3. beats the hell outta me

how long do we have to pay it off?

but if it were a 30 year mortgage at 7% you'd pay $2,790,177,965,288.80 in interest over the 30 yrs (thats just interest)

[Hamlette]

6. $150 million a day at 5% interest ($50B a year at 5%)

[sam sarrha]

8. so about 10 or 20 billion less than the Prison Industry..a year,

[EC]

4. Buchanan said something last night like in 20 years, the deficit will be

so large that we will only be able to pay the interest and none of the principal.

[tk2kewl]

5. that is concievable i guess

I'd have to do some looking, but as I recall, something like 20% of all tax revenue goes to paying interest on the debt. if we keep running the kind of deficits we have since junior took over it cant be long.

[EC]

7. He said that now we are paying 16% GDP

on edit: it may be moot, I get the feeling China's going to start calling in loans, they have been making moves that make me believe we'll have nothing to offer them for blackmail any longer. I don't even think * will be able to borrow the 2 trillion he needs to start the damn accounts, this whole thing could be a red herring....

[KharmaTrain]

9. We're There Already

That's why banks love defecit spending. There's a shell game happening right now. This regime is spending far more money than it's bringing in and borrowing from everywhere. The rate this is going on can and does fall behind the ability to pay the growing interesting on the debt, yet even come near the principals...and this makes the banks very happy. They not only make a nice buck on their lending, but now the amount the government can't pay is added to the entire debt and the game goes on.

The only thing that's really keeping things from being felt by a lot of people are interest rates. They're still artificially low and the pressure for them to rise will increase as the borrowing does.

This is just another stunt from a regime that's running wild with tax money and stuffing their corporate pockets.