…is about the amount that the current U.S. national debt of $8.18 trillion works out per person! That's a lot of money.
As thestreet.com article points out:
The U.S. will spend $217 billion this year to pay interest on the publicly held portion of the debt, according to the Congressional Budget Office, and that is more than will be spent on homeland security, education and transportation combined.
Something is not right here. Although I am very liberal in my social views, I tend to be highly conservative when it comes to cash. My family has been debt free for six years now (ever since we paid off the house, which we did in 7 years!) , and I don't see why governments can't do the same. If that means raising taxes, well so be it. Just throwing money away paying interest is a mug's game.