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Nanny state or free gas?
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Topic: Nanny state or free gas? (Read 152 times)
Mickey1992
Gold Member
Posts: 3362
Nanny state or free gas?
«
on:
September 16, 2008, 03:42:46 PM »
Amount of gasoline consumed in the US in 2007......142 billion gallons.
http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/
Amount spent ON INTEREST ALONE on the federal debt in 2007......$430 billion.
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
142 billion gallons of gas x $3.00 = interest paid on the federal debt
If the federal deficit disappeared tomorrow, and federal spending/revenue stayed the same, the money saved by not having to pay interest on the debt could fuel every gas-powered vehicle in the country annually.
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Nanny state or free gas?