Why do we need low interest rates? I bet you are completely wrong! With the low rates of today Washington is paying interest of over 400 billion this year on the National Debt of over TWENTY-TWO TRILLION. The truth is my former party has just pushed through at the behest of the worst President we have ever had, an optimistic yearly deficit of only ONE TRILLION DOLLARS.

It’s through playing with the numbers that the Congress claims last year’s deficit was under a TRILLION. Most numbers crunchers say it is well over that number. When interest rates return to normal we will be paying out over a TRILLION each year just to service the debt!

Medicare and Social Security will total over ONE AND A QUARTER TRILLION this year. In ten years they will total TWO TRILLION. The “Lock Box” will not be able to give out full benefits in seven years because there will be more people drawing on it and because Congress is unwilling to do something about it. Not since Gingrich backed out of his plan in 1997 has anybody had the guts to fix it.

Why do we keep electing Republican and Democrat Senators, Representatives, and Presidents who are running our government into the financial ground?

Here’s the rose colored glasses projections. If we have no recessions, wars, or any other normal event, we will reach one hundred percent debt to GDP ratio in ten years. Is it their idea to bankrupt the government to get rid of Medicare, Social Security, and the other social programs the wealthy wants to eliminate? Is that the plan and why Republicans no longer fear massive deficits? Is it because they fear Trump’s wrath more than they fear the voters? Take off their rosy lies and look at reality!