What you need to know about the debt limit

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  • Updated: October 3, 2013 - 8:24 PM

 

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Truckman182Oct. 3, 13 8:52 PM

For you low informed voters. The US pays roughly $1,600,000,000 dollars a day on the interest on our debt. All those who think this is sustainable please raise your hand....

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dogmanOct. 3, 13 9:05 PM

You only need to know two things... 1) don't believe the claims of the deadbeats that we can pay interest, social security and military pay and we'll be just fine...that's absolute nonsense 2) if we default, the 2008 crash will be a blip in comparison to the chaos and panic that will occur worldwide... and the ramifications of bouncing our checks will last for generations

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dogmanOct. 3, 1311:10 PM

"For you low informed voters. The US pays roughly $1,600,000,000 dollars a day on the interest on our debt." -- why are you misinforming low-informed voters? By your math, we pay $584 billion per year on interest. In Fiscal Year 2013, we budgeted for less than $250 billion, which works out to be around $680 million a day

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