Posts Tagged ‘US Debt’

Eye View Calls To Cut Military Spending…The Chinese

January 3, 2013

At an average interest rate of 2.130%, Uncle Sam will shuffle $340 billion out the door just in interest payments this year… and it’s a number that’s only going up. To put it in context, China owns so much US debt that the INTEREST INCOME they receive from the Treasury Department is  enough to fund their entire military budget.

The US debt obligation to China alone now funds the Chinese military for one year. Eye View proposes to stop the Chinese military spending.

military