Blogspot: National Economy

TAX CUTS
The United States is currently paying over $400 billion dollars per year in interest payments on the National Debt, much of it to foreigners. That's almost 20% of our budget completely wasted and then people wonder why taxes are so high! If we paid off the debt, we could keep that $400 billion or give it back to the people as tax cuts. That's over $1,300 per man, woman and child every year. Everyone wants a tax cut, but you've got to do it in a responsible way. Turning surpluses into deficits and running up a debt of $9 trillion is clearly not responsible.