Which begs or prompts the question? Question being: What happens when the bills come due and the reaper shows up to be paid? How liable are we, each one of us?
A friend who was involved with Our Country's international monetary policy said the lenders renegotiate the paper went it comes due and keep drawing the interest. Currently the interest on the National Debt is about $479,000,000,000, that's 479 Billion Dollars, or about 10% of the Annual Budget, and will rise to about 13% in 5 years. Each taxpayer owes over $400,000. BTW, Interest payments are over and above the Foreign Aid we give to many of these countries.
Agreed Ken, don't look at me to pay off the debt. Nobody asked me if they could spend all this money.
