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| Re: US National Debt passes $12 trillion (526223) | |||
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Re: US National Debt passes $12 trillion |
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Posted by SMAZ on Thu Nov 19 13:56:01 2009, in response to Re: US National Debt passes $12 trillion, posted by docstox on Thu Nov 19 13:34:56 2009. The rich have large holdings in Treasury securities. The poor and the middle class have little or nothing invested in them, meaning that every dollar in taxes going to service the public debt is going to people other then them while essential services that benefit them like education, health, etc go underfunded.While in theory, rich people are proportianatly paying the same % of their taxes for payments on the national debt, they are the ones who are getting it back in the form of interest plus principal. |
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