Letter: Do the math, we're buried in debt

Editor:

Please America, wake-up! The financial status of the United States is unsustainable; in other words if we continue: even if we do not borrow any more money from anywhere, the interest obligated on the national debt will bury this nation as we know it.

Just a few simple mathematical calculations should be enough to bring any thinking person out of their rosy dream-world and make them realize this is too much and we have got to cut spending now, not in 10 years.

The national debt is in excess of $16 trillion, so let's use that as a base amount and figure in some hypothetical interest rate figures and time.

$16 trillion to figure 1 percent equals $160 billion and since the interest rate is figured on an annual basis; that is what we would owe each year if we were paying only the interest, (nothing to reduce the debt) and at the rate of only 1 percent, which no one that I've heard of, lends money at that low rate generally 3 percent minimum.

So let's take this a little further; figuring only the interest; not paying anything at all to bring down the principle. Three percent of the $16 trillion is equal to $480 million. Let's calculate: cost per day: $1.39 billion for the interest each and every day.

If you have the mistaken belief that we can just print more money, think about this. Presently, the United States dollar is the World Reserve Currency and in the last couple of years our credit rating has been lowered, and the other nations of the world are getting spooked about the stability of the U.S. currency.

If our credit gets lowered again we could be in big time trouble. This debt can collapse this nation as we know it and if it does, it will be too late to think about saving this beautiful, glorious nation that our ancestors worked so hard to build for us, many fought, a lot of them died or were severely wounded and some have never been found, all this so we can call this place home.

God Bless the USA and take control or our leaders' decisions and bring them in line with your desires. In Jesus' mighty name I pray.

Dale Gohr

Clarkdale

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