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Message
re: Debt Ceiling
Posted on 6/30/11 at 2:00 pm to Interception
Posted on 6/30/11 at 2:00 pm to Interception
quote:
Balance Budget Amendment is the only mechanism I can think of that can save us.
I heard on the news this morning that tax revenues cover only 65% of gov't spending. We borrow an additional 35% to cover the rest?
1
Posted on 6/30/11 at 4:57 pm to AUFanInSoCal
quote:
I heard on the news this morning that tax revenues cover only 65% of gov't spending. We borrow an additional 35% to cover the rest
We use to just take it out of the Social Security Trust Fund
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