If we are paying 7.5 percent interest on a 787 billion dollar loan from China, and we pay that loan off in ten years, every dollar we spend actually costs us $1.40. (the interest paid on the loan is roughly 40% of the principal borrowed.)
Does this change your mind on some of the frivolous projects? and 800,000 project, is really 1.2 million? correct my math if I'm wrong, DH didn't tell me we were out of coffee.
Answer by yourspecialkid at 11:49 AM on Sep. 15, 2010
Actually dull, I believe we spend $1.2 million to do a study on the benefits of spending additional money to actually form and carry out a program that teaches foreign men in foreign lands (taught by foreign individuals - thus not creating jobs within our own country) how to clean their tinky winkies. The $1.2 million is only on a study, not the actual program.
Answer by QuinnMae at 11:56 AM on Sep. 15, 2010
Answer by agentwanda at 12:34 PM on Sep. 15, 2010
Answer by hot-mama86 at 12:43 PM on Sep. 15, 2010
Answer by itsmesteph11 at 4:40 PM on Sep. 15, 2010
What about Japan and all the other countries we owe. China is not the only country that has bought up our debt, and we pay interest on.
Answer by Natesmom507 at 5:03 PM on Sep. 15, 2010
OMG, sorry YSK. For some reason I think I called you dull (dullscissors). I think your avatars got me a little confused. I had to texturize parts of the walls and the fumes from the texture stuff must have gotten to me. I have a hellacious headache right now. LOL. Guess I'm gonna have to pay better attention when I post.
Answer by QuinnMae at 6:14 PM on Sep. 15, 2010
Answer by LoriKeet at 7:52 PM on Sep. 15, 2010
Answer by yourspecialkid at 11:47 PM on Sep. 15, 2010