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Monday, November 19, 2012

A concrete poem:

"Our Debt Interest Payment." 

 

By ERSKINE BOWLES:

 

"Today, even at these low interest rates, we're
spending about $230 billion a year on
interest....

 

That's more than we spend at the
Department of Commerce, Department of
Education, Energy, Homeland Security, Interior, Justice, State.... 

...Combined. 

 

And, Maria, if we do nothing, by the year 2020, we'll
be spending over a trillion dollars a year on
interest cost alone. 

 

That's a trillion dollars we
can't spend in this country to educate our
kids or to rebuild our infrastructure or to do
high value-added research.... 

 

And, unfortunately, it is a trillion dollars that's
gonna be spent principally in those countries
that we're borrowing from.

 

You know, that means we’ll be building the infrastructure in
Asia. 

 

It means we'll be educating those kids
over there. And it means we'll be building
their universities, so the research is done
over there, so the next new thing is created
over there.

 

So the jobs of the future are there.

Not here."

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