On Aug 10, 1:41*pm, "PrecisionmachinisT"
wrote:

Current federal tax revenues are appx 16% of gross gdp and the interest on
the federal debt is about 1.5% of it.


But federal spending is appx 25% of gdp.


The current political situation is similar to having the bank president (
Boehner et al ) instruct it's loan officers to turn down loan apps for new
refrigerators and washing machines from anyone who lives on an
even-numbered-street even though they might make 180K per year and have no
other creditors to speak of.

More like the having the bank president instruct it's load officers to
turn down loan apps where it looks like the loan will never be paid
off. Something that should have been done in the mortgage business.

Dan