Friday, August 23, 2013

WE CAN SAVE SIXTY FOUR BILLION US DOLLARS IN TEN YEARS IF WE REALLY WANT TO

WE CAN SAVE SIXTY FOUR BILLION US DOLLARS IN TEN YEARS IF WE REALLY WANT TO

To enlarge click on picture below

Note: The yearly savings resulting from a 2%  reduction in the rate of interest on our public debt i.e. $3,132 billion US dollars is a yearly average for the entire ten years period. This does not mean that we can save this amount from year one.Compound interest means that,for every successive year, the interest burden grows larger.


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