Quote Originally Posted by wufwugy
15 trillion foreign debt would actually be a problem, as to how much and how it would be combated is debatable. We're not gonna get even close to that though, since most accrued debt is like 3/4 domestic, we'd hafta be rolling like 40 trillion debt plus tons of extra inflation from fiat currency creation in order to be around 15 trillion foreign. And yes, that would be a problem
Those numbers are from the Obama administration, the 2010 budget. They are the projected deficits, not the foreign debt. The health reform, tax cuts and other changes aim to bring the total deficit of 2010-2019 down from 9 trillion to 7 trillion.