Reply #3: If the federal debt is now close to $9 trillion and the real GDP is [View All]

[whistle]

...$11.5 trillion and the debt by the time Bush leaves office in Jan 2009 will be $13.5 trillion and the annual interest on that debt will be $641.25 billion and all of that interest will have to be borrowed if it is to be paid, will the United States have a Chinese appointed as national receiver to collect and distribute federal revenues to pay off the debt?

Projected federal debt Jan 2009 = $13.5 trillion
U.S population Jan 2009 = 301,500,000
Debt per man, woman and child = $44,851.00