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Predict what it s going to be. interest rates, for example. our current debt scheme works because long-term interest rates remain low. and, yet, even now our annual interest payments amount to more than 370 billion. that s about as much as our entire budget for medicaid. once interest rates go up and they will, that figure will explode. at that point your tax dollars won t go to roads or healthcare or seal team 6, they will just go to interest payments and get nothing in return for that only the bankers will benefit. both parties ought to be very worried about this. neither party seems to be. they assume they will be long gone when the bill comes due. they will be living in florida. and that s usually right. but this time they are wrong. because this isn t the long-term crisis we used to talk about. it s happening right now as we watch. speaking of changes to the economy, california was once america s richest state. it was a mecca for middle class americans seeking good weather and a s ....
if states reject the money, should that money go down to pay the federal debt or just go to other states that want it? bill? i don t like the debt scheme. the reason i don t like it is that i like to see healthy competition between the states. however, i don t want to see competition over things that the states want, like trains. i want to see competition between the states where things they don t want, like nuclear waste. if nevada says we won t take your nuclear waste unless you pay us 20 billion, let new mexico come in with an $18 billion bid. we hear it loud and clear. how about you, police brennan? refund act, rubio s act, it s a clever name because we should refund that money to our national debt. it s a huge issue to everybody in the united states. and one of the biggest issues here is that strings are attached to the money given out to states and florida, if they didn t have to put that toward a train project that, would go way overbudget like we re seeing in california ....