would increase annual interest expenses on the national debt from $400 BILIONS to $600 BILLIONS, a 50 % interest cost increase. If interest rates would revert to 2007 level, the annual interest payments on the national debt would be $1 trillion. Way to go, keep borrowing and printing money to sustain drunken sailor spending.
Case in point. The administration decided to pum gas out of the ground and build a gas station in Northern Afghanistan. Such a project cost $500,000 in Pakistan. The awarded a $2 or 3 million contract for the construction. The final toll was $12 million for the construction and $30 million overhead. No one knows where did the money go. Your tax money at its best. Keep raising taxes and tax rates.
Case in point. The administration decided to pum gas out of the ground and build a gas station in Northern Afghanistan. Such a project cost $500,000 in Pakistan. The awarded a $2 or 3 million contract for the construction. The final toll was $12 million for the construction and $30 million overhead. No one knows where did the money go. Your tax money at its best. Keep raising taxes and tax rates.
