14.28 trillion american gdp
american tax revenue 28% of GDP ie 3.9984 trillion
american national debt around 11 trillion after these bailouts ?
if 10% of america’s annual tax revenue, were put too one side to fund paying off the national debt how long would it take to pay off the deficit not including interest ?
11,000,000,000,000 / 399,000,000,000
= 27.56 years
including interest allot more than that number of years.
hmm
now if a politician stands in the whitehouse and says id like to spend 400,000,000,000 a year on paying back the national debt rather than invest in something more exciting, will his approval rating suffer ? :-) and since he’ll only be in office for 8 years would his successor continue such a policy?